Agree Realty (ADC) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last twelve months. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ADC shares.
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9 analysts have issued 1-year target prices for Agree Realty's stock. Their ADC share price forecasts range from $73.00 to $83.00. On average, they expect the company's share price to reach $78.23 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
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Agree Realty's stock was trading at $70.93 at the beginning of 2023. Since then, ADC shares have decreased by 8.9% and is now trading at $64.59.
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Agree Realty saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,940,000 shares, an increase of 8.2% from the April 30th total of 3,640,000 shares. Based on an average daily trading volume, of 718,000 shares, the short-interest ratio is presently 5.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Agree Realty Co. (NYSE:ADC) released its quarterly earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.96 by $0.52. The real estate investment trust earned $126.62 million during the quarter, compared to analyst estimates of $124.55 million. Agree Realty had a net margin of 34.48% and a trailing twelve-month return on equity of 4.04%. During the same quarter in the prior year, the company posted $0.97 EPS.

Agree Realty announced a monthly dividend on Thursday, May 11th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.243 per share on Wednesday, June 14th. This represents a $2.92 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for ADC.

ETFs with the largest weight of Agree Realty (NYSE:ADC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), NETLease Corporate Real Estate ETF (NETL), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Cambria Global Real Estate ETF (BLDG), ALPS Active REIT ETF (REIT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Virtus Real Asset Income ETF (VRAI) and Invesco S&P MidCap Momentum ETF (XMMO).

Agree Realty (NYSE:ADC) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.51%. 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 163.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ADC will have a dividend payout ratio of 78.49% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ADC.

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.

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).

Agree Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC."

Agree Realty's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.42%), Principal Financial Group Inc. (6.22%), State Street Corp (5.72%), Deutsche Bank AG (3.24%), Geode Capital Management LLC (2.15%) and JPMorgan Chase & Co. (1.71%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Richard Agree, Simon Leopold, Stephen Breslin and William S Rubenfaer.
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Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADC stock can currently be purchased for approximately $64.59.

Agree Realty (NYSE:ADC) has a market capitalization of $6.02 billion and generates $429.81 million in revenue each year. The real estate investment trust earns $152.44 million in net income (profit) each year or $1.79 on an earnings per share basis.

Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.agreerealty.com. The real estate investment trust can be reached via phone at (248) 737-4190, via email at investor@agreerealty.com, or via fax at 248-737-9110.