Agree Realty Company Profile (NYSE:ADC)

About Agree Realty (NYSE:ADC)

Agree Realty logoAgree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA). As of December 31, 2016, its portfolio included 363 net lease properties, which contributed approximately 98.1% of annualized base rent, and three community shopping centers. The Company's business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Management
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:ADC
  • CUSIP: 00849210
  • Web:
  • Market Cap: $1.19 billion
  • Outstanding Shares: 25,989,000
Average Prices:
  • 50 Day Moving Avg: $47.87
  • 200 Day Moving Avg: $46.73
  • 52 Week Range: $40.75 - $51.50
  • Trailing P/E Ratio: 21.29
  • Foreward P/E Ratio: 26.82
  • P/E Growth: -28.42
Sales & Book Value:
  • Annual Revenue: $97.86 million
  • Price / Sales: 12.18
  • Book Value: $26.36 per share
  • Price / Book: 1.74
  • Annual Dividend: $1.98
  • Dividend Yield: 4.4%
  • EBIDTA: $79.64 million
  • Net Margins: 47.05%
  • Return on Equity: 7.88%
  • Return on Assets: 4.43%
  • Debt-to-Equity Ratio: 0.76%
  • Current Ratio: 1.04%
  • Quick Ratio: 1.04%
  • Average Volume: 192,692 shs.
  • Beta: 0.6
  • Short Ratio: 4.92

Frequently Asked Questions for Agree Realty (NYSE:ADC)

What is Agree Realty's stock symbol?

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

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

Agree Realty announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Friday, June 30th will be paid a dividend of $0.505 per share on Friday, July 14th. This represents a $2.02 annualized dividend and a yield of 4.40%. The ex-dividend date is Wednesday, June 28th. This is a positive change from Agree Realty's previous quarterly dividend of $0.50. View Agree Realty's Dividend History.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) announced its earnings results on Monday, April, 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.65 by $0.00. The firm earned $26.56 million during the quarter, compared to analyst estimates of $26.11 million. Agree Realty had a return on equity of 7.88% and a net margin of 47.05%. The firm's revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. View Agree Realty's Earnings History.

When will Agree Realty make its next earnings announcement?

Agree Realty is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Agree Realty.

Where is Agree Realty's stock going? Where will Agree Realty's stock price be in 2017?

9 brokerages have issued 1-year price targets for Agree Realty's stock. Their forecasts range from $46.00 to $56.00. On average, they expect Agree Realty's stock price to reach $51.43 in the next year. View Analyst Ratings for Agree Realty.

What are analysts saying about Agree Realty stock?

Here are some recent quotes from research analysts about Agree Realty stock:

  • 1. According to Zacks Investment Research, "Agree Realty Corp. is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases. " (3/28/2017)
  • 2. Jefferies Group LLC analysts commented, "Given prospects of interest rates rising faster in 2017 than our previous expectations, and the associated negative impact on triple-net retail stocks, we are downgrading ADC to Hold from Buy and lowering our PT to $49 from $53. That said, we think ADC is still well positioned relative to its peers heading into 2017, and our new PT still implies an 8% total return over the NTM. Cautious on Triple-Net Retail in 2017. We are cautious on the sector in 2017 given potentially accelerating economic growth driving a rising rate environment with the Fed dot plot projecting three interest rate increases in 2017. Triple-Net stocks tend to underperform in a rising rate environment given the long-term nature of their leases provide a more bond- like income stream. Further, as funding costs rise, cap rates tend not to adjust as quickly, so net investment spreads tend to compress and slow acquisition volume and FFO/sh growth." (1/5/2017)

Who are some of Agree Realty's key competitors?

Who owns Agree Realty stock?

Agree Realty's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.00%), Vanguard Group Inc. (0.00%), FMR LLC (0.00%), Principal Financial Group Inc. (0.00%), State Street Corp (2.76%) and Bank of New York Mellon Corp (2.68%). Company insiders that own Agree Realty stock include Gene Silverman, Joey Agree, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.

Who sold Agree Realty stock? Who is selling Agree Realty stock?

Agree Realty's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, AQR Capital Management LLC, JPMorgan Chase & Co., OppenheimerFunds Inc., Morgan Stanley, Manning & Napier Advisors LLC, Principal Financial Group Inc. and Renaissance Technologies LLC. View Insider Buying and Selling for Agree Realty.

Who bought Agree Realty stock? Who is buying Agree Realty stock?

Agree Realty's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., American Century Companies Inc., Russell Investments Group Ltd., State Street Corp, Vanguard Group Inc., Teachers Advisors LLC, Dimensional Fund Advisors LP and Driehaus Capital Management LLC. Company insiders that have bought Agree Realty stock in the last two years include Gene Silverman, Joey Agree, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Insider Buying and Selling for Agree Realty.

How do I buy Agree Realty stock?

Shares of Agree Realty can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Agree Realty stock cost?

One share of Agree Realty stock can currently be purchased for approximately $45.86.

Analyst Ratings

Consensus Ratings for Agree Realty (NYSE:ADC) (?)
Ratings Breakdown: 4 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.56)
Consensus Price Target: $51.43 (12.14% upside)

Analysts' Ratings History for Agree Realty (NYSE:ADC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/20/2017Raymond James Financial, Inc.Reiterated RatingBuyLowView Rating Details
5/6/2017FBR & CoReiterated RatingBuyLowView Rating Details
4/25/2017Stifel NicolausBoost Price TargetBuy$53.00 -> $54.00LowView Rating Details
4/24/2017Jefferies Group LLCReiterated RatingHold$50.00HighView Rating Details
2/27/2017WunderlichDowngradeBuy -> Hold$49.00 -> $51.00N/AView Rating Details
1/26/2017Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
12/22/2016Citigroup IncInitiated CoverageNeutral$46.00N/AView Rating Details
12/16/2016SunTrust Banks, Inc.Initiated CoverageBuy$50.00N/AView Rating Details
10/18/2016Janney Montgomery ScottReiterated RatingBuy$53.00N/AView Rating Details
10/28/2015Compass PointReiterated RatingBuy$34.00 -> $36.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for Agree Realty (NYSE:ADC)
Earnings by Quarter for Agree Realty (NYSE:ADC)
Earnings History by Quarter for Agree Realty (NYSE:ADC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017Q1 2017$0.65$0.65$26.11 million$26.56 millionViewN/AView Earnings Details
2/23/2017Q416$0.38$0.64$24.68 million$25.30 millionViewN/AView Earnings Details
10/24/2016Q316$0.64$0.68$24.21 million$22.30 millionViewN/AView Earnings Details
7/25/2016Q216$0.61$0.61$21.27 million$21.84 millionViewN/AView Earnings Details
4/25/2016Q116$0.61$0.61$20.15 million$20.20 millionViewN/AView Earnings Details
3/3/2016Q4$0.60$0.60$18.64 million$19.15 millionViewN/AView Earnings Details
10/26/2015Q315$0.61$0.60$18.08 million$16.70 millionViewListenView Earnings Details
7/27/2015Q215$0.60$0.62$16.90 million$16.10 millionViewListenView Earnings Details
4/27/2015Q414$0.57$0.57$15.64 million$15.70 millionViewN/AView Earnings Details
2/23/2015Q314$0.60$0.58$14.20 million$13.48 millionViewN/AView Earnings Details
2/24/2014Q4 13$0.55$0.56$12.15 million$11.70 millionViewN/AView Earnings Details
10/28/2013Q313$0.55$0.55$11.24 million$11.60 millionViewN/AView Earnings Details
7/29/2013Q213$0.51$0.51$10.56 millionViewN/AView Earnings Details
4/29/2013Q113$0.50$0.49$10.05 million$10.25 millionViewN/AView Earnings Details
2/27/2013Q412$0.51$0.52$9.27 million$9.58 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Agree Realty (NYSE:ADC)
2017 EPS Consensus Estimate: $2.72
2018 EPS Consensus Estimate: $2.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.64$0.64$0.64
Q2 20172$0.67$0.68$0.68
Q3 20171$0.69$0.69$0.69
Q4 20172$0.70$0.72$0.71
Q1 20182$0.70$0.73$0.72
Q2 20182$0.72$0.74$0.73
Q3 20182$0.75$0.75$0.75
Q4 20182$0.76$0.76$0.76
(Data provided by Zacks Investment Research)


Current Dividend Information for Agree Realty (NYSE:ADC)
Next Dividend:7/14/2017
Annual Dividend:$1.98
Dividend Yield:4.32%
Dividend Growth:-4.40% (3 Year Average)
Payout Ratio:106.45% (Trailing 12 Months of Earnings)
111.86% (Based on This Year's Estimates)
115.79% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Agree Realty (NYSE:ADC)

Dividend History by Quarter for Agree Realty (NYSE:ADC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Agree Realty (NYSE:ADC)
Insider Ownership Percentage: 5.25%
Institutional Ownership Percentage: 75.48%
Insider Trades by Quarter for Agree Realty (NYSE:ADC)
Institutional Ownership by Quarter for Agree Realty (NYSE:ADC)
Insider Trades by Quarter for Agree Realty (NYSE:ADC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Merrie S FrankelDirectorBuy100$45.12$4,512.00View SEC Filing  
5/16/2017William S RubenfaerDirectorBuy2,500$44.92$112,300.00View SEC Filing  
5/4/2017John Rakolta JrDirectorBuy10,000$44.82$448,200.00View SEC Filing  
5/4/2017Richard AgreeInsiderBuy25,000$44.73$1,118,250.00View SEC Filing  
11/14/2016Gene SilvermanDirectorBuy2,000$41.10$82,200.00View SEC Filing  
10/26/2016John Rakolta JrDirectorBuy12,000$47.50$570,000.00View SEC Filing  
8/24/2015Joey AgreeCEOBuy8,400$28.96$243,264.00View SEC Filing  
8/24/2015Richard AgreeChairmanBuy15,000$28.78$431,700.00View SEC Filing  
8/24/2015William S. RubenfaerDirectorBuy4,000$28.86$115,440.00View SEC Filing  
6/26/2015Joey AgreeCEOBuy9,809$29.61$290,444.49View SEC Filing  
6/8/2015Richard AgreeChairmanBuy10,000$29.97$299,700.00View SEC Filing  
6/3/2015William S RubenfaerDirectorBuy2,000$30.15$60,300.00View SEC Filing  
12/4/2014Richard AgreeChairmanBuy25,000$29.67$741,750.00View SEC Filing  
12/4/2014William S RubenfaerDirectorBuy3,000$29.67$89,010.00View SEC Filing  
5/8/2014William RubenfaerDirectorBuy1,150$29.59$34,028.50View SEC Filing  
3/27/2014Laith HermizEVPSell3,305$30.25$99,976.25View SEC Filing  
12/20/2013William RubenfaerDirectorBuy2,000$28.16$56,320.00View SEC Filing  
11/21/2013John Rakolta, Jr.DirectorBuy20,000$29.80$596,000.00View SEC Filing  
3/27/2013John Rakolta JrDirectorBuy14,677$27.90$409,488.30View SEC Filing  
3/25/2013John Rakolta JrDirectorBuy10,894$27.89$303,833.66View SEC Filing  
1/15/2013John Rakolta JrDirectorBuy50,000$27.25$1,362,500.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Agree Realty (NYSE:ADC)
Latest Headlines for Agree Realty (NYSE:ADC)
DateHeadline logoAgree Realty Co. (ADC) Raises Dividend to $0.51 Per Share - May 22 at 5:32 PM logoAgree Realty Declares Increased Quarterly Cash Dividend - May 22 at 3:19 PM logoAgree Realty Co. (ADC) Earns Buy Rating from Raymond James Financial, Inc. - May 21 at 9:56 PM logoInsider Buying: Agree Realty Co. (ADC) Director Acquires 2,500 Shares of Stock - May 16 at 8:23 PM logoAgree Realty Co. (ADC) Expected to Post Earnings of $0.68 Per Share - May 9 at 8:22 AM logoAgree Realty Co. (ADC) Director John Rakolta, Jr. Purchases 10,000 Shares - May 5 at 8:40 AM logoInsider Buying: Agree Realty Co. (ADC) Insider Acquires 25,000 Shares of Stock - May 5 at 8:16 AM logoAgree Realty (ADC) Receiving Favorable Press Coverage, Analysis Finds - May 2 at 10:08 AM logoAgree Realty Co. (ADC) Receives Consensus Recommendation of "Hold" from Brokerages - May 2 at 10:00 AM logoAgree Realty Corp. breached its 50 day moving average in a Bearish Manner : ADC-US : May 1, 2017 - May 1 at 9:50 AM logoAgree Realty (ADC) Given Daily Media Sentiment Rating of 0.30 - April 29 at 8:48 AM logoAgree Realty Co. (ADC) to Post Q1 2018 Earnings of $0.70 Per Share, FBR & Co Forecasts - April 28 at 10:02 PM logoAgree Realty (ADC) Enters $200M Equity Distribution Agreement - April 28 at 8:32 PM logoFBR & Co Comments on Agree Realty Co.'s Q2 2017 Earnings (ADC) - April 27 at 10:12 AM logoAgree Realty Co. (ADC) Expected to Earn Q1 2018 Earnings of $0.73 Per Share - April 26 at 4:22 PM logoAgree Realty's (ADC) CEO Joey Agree on Q1 2017 Results - Earnings Call Transcript - April 26 at 3:28 PM logoAgree Realty (ADC) Receiving Favorable Press Coverage, Report Shows - April 26 at 2:08 PM logoBrokers Offer Predictions for Agree Realty Co.'s Q3 2017 Earnings (ADC) - April 26 at 11:28 AM logoAgree Realty Co. (ADC) Announces Quarterly Earnings Results - April 24 at 10:02 PM logoAgree Realty reports 1Q results - April 24 at 4:34 PM logoAgree Realty FFO in-line, beats on revenue - April 24 at 4:13 PM logoJefferies Group LLC Reaffirms Hold Rating for Agree Realty Co. (ADC) - April 24 at 12:24 PM logoAgree Realty (ADC) Earning Positive Media Coverage, Study Shows - April 23 at 7:38 AM logoAgree Realty Co. (ADC) Scheduled to Post Earnings on Monday - April 21 at 8:56 PM logoZacks: Analysts Expect Agree Realty Co. (ADC) Will Announce Quarterly Sales of $26.02 Million - April 20 at 1:50 PM logoAgree Realty (ADC) Earning Positive Press Coverage, Report Shows - April 20 at 10:38 AM logoJefferies Group Comments on Agree Realty Co.'s Q1 2017 Earnings (ADC) - April 20 at 10:09 AM logoAgree Realty Co. (ADC) Expected to Announce Earnings of $0.65 Per Share - April 18 at 1:25 PM logoRetail REIT Pair Trade - April 17 at 3:17 PM logoAgree Realty's (ADC) Hold Rating Reiterated at Jefferies Group LLC - April 17 at 2:18 PM logoAgree Realty (ADC) Receives Daily Media Sentiment Score of 0.46 - April 17 at 9:34 AM logoPositive Press Coverage Somewhat Unlikely to Effect Agree Realty (ADC) Share Price - April 14 at 1:52 PM logoAgree Realty Corp. : ADC-US: Dividend Analysis : March 31st, 2017 (record date) : By the numbers : April 11, 2017 - April 11 at 3:19 PM logoAgree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : April 7, 2017 - April 7 at 3:18 PM logoAgree Realty Co. (ADC) Receives Consensus Recommendation of "Hold" from Analysts - April 5 at 11:09 AM logoAgree Realty Announces First Quarter 2017 Earnings Release Date and Conference Call Information - PR Newswire (press release) - March 29 at 8:27 PM logoAgree Realty Co. (ADC) Downgraded by Zacks Investment Research to "Hold" - March 28 at 9:54 PM logoAgree Realty Corporation (ADC) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq - March 28 at 3:18 PM logoAgree Realty Announces First Quarter 2017 Earnings Release Date and Conference Call Information - March 28 at 7:37 AM logoAgree Realty Co. (ADC) Lifted to Buy at Zacks Investment Research - March 27 at 10:51 PM logoREIT Stock Yields 4%, Strong Portfolio, Robust Growth, Raised Dividend 6.5 Percent Y/Y - March 18 at 1:43 AM logoAgree Realty Named Top Dividend Stock With Insider Buying and 4.24% Yield (ADC) - Nasdaq - March 9 at 3:22 PM logoAgree Realty Co. (ADC) Given Consensus Recommendation of “Hold” by Analysts - March 9 at 12:21 PM logoAGREE REALTY CORP Financials - March 1 at 3:18 PM logoAgree Realty Declares Quarterly Cash Dividend - February 28 at 8:23 PM logoAgree Realty downgraded by Wunderlich - February 28 at 3:22 PM logoAGREE REALTY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit - February 28 at 3:22 PM logoThis REIT Is In 'La La Land'; Don't You Agree? - Seeking Alpha - February 28 at 7:33 AM logoAgree Realty's (ADC) CEO Joey Agree on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha - February 25 at 3:17 PM logoAgree Realty's (ADC) CEO Joey Agree on Q4 2016 Results - Earnings Call Transcript - February 24 at 8:20 PM



Agree Realty (ADC) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff