S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
Closing prices for crude oil, gold and other commodities
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
Closing prices for crude oil, gold and other commodities
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
Closing prices for crude oil, gold and other commodities
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
Closing prices for crude oil, gold and other commodities
NYSE:ADC

Agree Realty (ADC) Stock Price, News & Analysis

$56.79
+0.27 (+0.48%)
(As of 04/11/2024 ET)
Today's Range
$56.52
$57.28
50-Day Range
$54.94
$59.36
52-Week Range
$52.69
$69.26
Volume
1.11 million shs
Average Volume
1.08 million shs
Market Capitalization
$5.71 billion
P/E Ratio
33.21
Dividend Yield
5.21%
Price Target
$65.61

Agree Realty MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
15.5% Upside
$65.61 Price Target
Short Interest
Bearish
4.30% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Agree Realty in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$2.40 M Bought Last Quarter
Proj. Earnings Growth
3.19%
From $4.08 to $4.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.97 out of 5 stars

Finance Sector

958th out of 2,499 stocks

Real Estate Investment Trusts Industry

154th out of 501 stocks

ADC stock logo

About Agree Realty Stock (NYSE:ADC)

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

ADC Stock Price History

ADC Stock News Headlines

Weiss issues 'Buy' on AI sleeper stock
Based on our Weiss Ratings, we’ve issued a “Buy” on an under-the-radar AI stock. And we share the details at our Artificial Intelligence Town Hall ….
An Important Warning For High Yield Investors
Agree Realty hikes dividend after solid growth
Agree Realty Raises Monthly Dividend 1.2%
Weiss issues 'Buy' on AI sleeper stock
Based on our Weiss Ratings, we’ve issued a “Buy” on an under-the-radar AI stock. And we share the details at our Artificial Intelligence Town Hall ….
The 7 Best REITs to Buy in April 2024
Agree Realty: Why I Bought The 5.3% Yielding Commons
12 Best High Dividend Stocks Under $100
ADC Apr 2024 30.000 call
How Is The Market Feeling About Agree Realty?
3 Deeply Discounted REITs to Buy
Expert Outlook: Agree Realty Through The Eyes Of 12 Analysts
3 Top REITs to Strengthen Your Portfolio in Q1
Buy These REITs for Reliable Monthly Income
3 Stocks Flashing Recent Insider Buying Signals
See More Headlines
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Company Calendar

Last Earnings
5/05/2023
Ex-Dividend for 4/12 Dividend
3/27/2024
Today
4/12/2024
Dividend Payable
4/12/2024
Next Earnings (Confirmed)
4/23/2024
Ex-Dividend for 5/14 Dividend
4/29/2024
Dividend Payable
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
00849210
Employees
72
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$65.61
High Stock Price Target
$71.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$169.96 million
Pretax Margin
31.73%

Debt

Sales & Book Value

Annual Sales
$537.49 million
Cash Flow
$3.80 per share
Book Value
$49.99 per share

Miscellaneous

Free Float
98,911,000
Market Cap
$5.71 billion
Optionable
Optionable
Beta
0.52

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ADC Stock Analysis - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADC shares.
View ADC analyst ratings
or view top-rated stocks.

What is Agree Realty's stock price target for 2024?

9 equities research analysts have issued twelve-month price objectives for Agree Realty's shares. Their ADC share price targets range from $60.00 to $71.00. On average, they anticipate the company's stock price to reach $65.61 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for ADC
or view top-rated stocks among Wall Street analysts.

How have ADC shares performed in 2024?

Agree Realty's stock was trading at $62.95 at the beginning of the year. Since then, ADC stock has decreased by 9.8% and is now trading at $56.79.
View the best growth stocks for 2024 here
.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,960,000 shares, an increase of 16.5% from the February 29th total of 3,400,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 3.7 days.
View Agree Realty's Short Interest
.

When is Agree Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our ADC earnings forecast
.

How can I listen to Agree Realty's earnings call?

Agree Realty will be holding an earnings conference call on Wednesday, April 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) announced its earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to the consensus estimate of $124.55 million. Agree Realty had a trailing twelve-month return on equity of 3.48% and a net margin of 31.62%. During the same quarter last year, the business posted $0.97 EPS.

How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty?

Agree Realty announced a monthly dividend on Monday, April 8th. Investors of record on Tuesday, April 30th will be given a dividend of $0.25 per share on Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Monday, April 29th. This is a positive change from the stock's previous monthly dividend of $0.25.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.96 per share and currently has a dividend yield of 5.19%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 173.10%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADC will have a dividend payout ratio of 70.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

What is Richard Agree's approval rating as Agree Realty's CEO?

1 employees have rated Agree Realty Chief Executive Officer Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among the company's employees. This puts Richard Agree in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Agree Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Accenture (ACN), Charles Schwab (SCHW), AutoZone (AZO), Hudson Technologies (HDSN), Och-Ziff Capital Management Group (OZM) and Vicor (VICR).

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include Park Avenue Securities LLC (0.01%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Peter Coughenour, Richard Agree and Stephen Breslin.
View institutional ownership trends
.

How do I buy shares of Agree Realty?

Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ADC) was last updated on 4/12/2024 by MarketBeat.com Staff

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