Top-Rated Dividend StocksTop-Rated DividendNYSE:ADC Agree Realty (ADC) Stock Forecast, Price & News $57.14 -1.58 (-2.69%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$57.01▼$58.8350-Day Range$57.14▼$69.0752-Week Range$57.01▼$75.71Volume850,616 shsAverage Volume942,316 shsMarket Capitalization$5.50 billionP/E Ratio32.47Dividend Yield5.11%Price Target$75.06 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Agree Realty MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside30.4% Upside$74.50 Price TargetShort InterestHealthy2.78% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.48Based on 5 Articles This WeekInsider TradingAcquiring Shares$3.38 M Bought Last QuarterProj. Earnings Growth4.05%From $3.95 to $4.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.84 out of 5 starsFinance Sector43rd out of 837 stocksReal Estate Investment Trusts Industry5th out of 179 stocks 3.5 Analyst's Opinion Consensus RatingAgree Realty has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $74.50, Agree Realty has a forecasted upside of 30.4% from its current price of $57.14.Amount of Analyst CoverageAgree Realty has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.78% of the outstanding shares of Agree Realty have been sold short.Short Interest Ratio / Days to CoverAgree Realty has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Agree Realty has recently increased by 5.51%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipAgree Realty is a leading dividend payer. It pays a dividend yield of 4.96%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAgree Realty has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Agree Realty is 165.91%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Agree Realty will have a dividend payout ratio of 71.05% next year. This indicates that Agree Realty will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ADC. Previous Next 2.5 News and Social Media Coverage News SentimentAgree Realty has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Agree Realty this week, compared to 4 articles on an average week.Search InterestOnly 20 people have searched for ADC on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.MarketBeat Follows19 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 111% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Agree Realty insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,382,660.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of Agree Realty is held by insiders.Percentage Held by Institutions97.83% of the stock of Agree Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Agree Realty are expected to grow by 4.05% in the coming year, from $3.95 to $4.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Agree Realty is 32.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Agree Realty is 32.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 90.63.Price to Earnings Growth RatioAgree Realty has a PEG Ratio of 3.28. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAgree Realty has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Agree Realty (NYSE:ADC) StockAgree 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 June 30, 2023, the Company owned and operated a portfolio of 2,004 properties, located in 49 states and containing approximately 41.7 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".Read More ADC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ADC Stock News HeadlinesSeptember 20, 2023 | markets.businessinsider.comRobust Growth and Strategic Tenant Relationships: A Buy Recommendation for Agree Realty’s StockSeptember 19, 2023 | markets.businessinsider.comAgree Realty Promotes Nicole Witteveen To COOSeptember 21, 2023 | Stansberry Research (Ad)U.S. "Shadow Banks" About to Blow up again?Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.September 14, 2023 | msn.comAgree Realty: The Monthly Payer Is Absolutely Cheap But Relatively ExpensiveSeptember 8, 2023 | seekingalpha.comAgree Realty: Buy The Dip For The 4.8% YieldAugust 29, 2023 | msn.comHigh Annualized Upside From Agree Realty At A Low ValuationAugust 25, 2023 | finance.yahoo.comGot $2,000? 2 Simple Stocks to Buy Right NowAugust 21, 2023 | nasdaq.comTruist Securities Maintains Agree Realty (ADC) Buy RecommendationSeptember 21, 2023 | Stansberry Research (Ad)U.S. "Shadow Banks" About to Blow up again?Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.August 15, 2023 | msn.comInsiders 'Agree': This REIT Is A Great Value At These LevelsAugust 8, 2023 | msn.comAgree Realty: Putting Their Money Where Their Mouth IsAugust 4, 2023 | markets.businessinsider.comMizuho Securities Reaffirms Their Buy Rating on Agree Realty (ADC)August 2, 2023 | fool.comAgree Realty (ADC) Q2 2023 Earnings Call TranscriptAugust 1, 2023 | finance.yahoo.comCompared to Estimates, Agree Realty (ADC) Q2 Earnings: A Look at Key MetricsAugust 1, 2023 | msn.comAgree Realty bumps up acquisition guidance to at least $1.3BJuly 31, 2023 | seekingalpha.comAgree Realty: A Great Time To Buy The DipJuly 28, 2023 | seekingalpha.comNet Lease REITs In A New EraJuly 28, 2023 | finance.yahoo.comSeacoast Banking (SBCF) Q2 Earnings and Revenues Lag EstimatesJuly 21, 2023 | markets.businessinsider.comRBC Capital Sticks to Their Buy Rating for Agree Realty (ADC)July 20, 2023 | msn.comRBC Capital Reiterates Agree Realty (ADC) Outperform RecommendationJuly 11, 2023 | seekingalpha.comAgree Realty: A Perfect Tenant Replacement StockJuly 7, 2023 | finance.yahoo.com2 Top Real Estate Stocks to Buy In JulyJuly 6, 2023 | finance.yahoo.comAgree Realty Announces Second Quarter 2023 Earnings Release Date and Conference Call InformationJuly 6, 2023 | msn.comCitigroup Reiterates Agree Realty (ADC) Neutral RecommendationJune 30, 2023 | msn.comStifel Maintains Agree Realty (ADC) Buy RecommendationJune 29, 2023 | ca.finance.yahoo.comAGL.F - Agree Realty CorporationJune 29, 2023 | markets.businessinsider.comStifel Maintains Buy Rating for Agree Realty: Here's What You Need To KnowSee More Headlines Receive ADC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Agree Realty and its competitors with MarketBeat's FREE daily newsletter. Email Address ADC Company Calendar Last Earnings5/05/2023Ex-Dividend for 9/14 Dividend8/30/2023Dividend Payable9/14/2023Today9/21/2023Ex-Dividend for 10/13 Dividend9/28/2023Dividend Payable10/13/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:ADC CUSIP00849210 CIK917251 Webwww.agreerealty.com Phone(248) 737-4190Fax248-737-9110Employees76Year Founded1971Price Target and Rating Average Stock Price Forecast$74.50 High Stock Price Forecast$81.00 Low Stock Price Forecast$67.00 Forecasted Upside/Downside+31.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$1.76 Trailing P/E Ratio32.47 Forward P/E Ratio14.47 P/E Growth3.28Net Income$152.44 million Net Margins33.71% Pretax Margin33.82% Return on Equity3.74% Return on Assets2.48% Debt Debt-to-Equity Ratio0.45 Current Ratio0.71 Quick Ratio0.71 Sales & Book Value Annual Sales$429.81 million Price / Sales12.80 Cash Flow$3.55 per share Price / Cash Flow16.09 Book Value$50.30 per share Price / Book1.14Miscellaneous Outstanding Shares96,270,000Free Float94,729,000Market Cap$5.50 billion OptionableOptionable Beta0.45 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Richard A. Agree (Age 79)Exec. Chairman Mr. Joel N. Agree (Age 44)Pres, CEO & Director Comp: $3.99MMr. Peter Coughenour (Age 30)CFO, Sec. & Investor Relations Professional Comp: $890.66kMr. Craig Erlich (Age 55)Chief Operating Officer Comp: $1.06MMs. Danielle M. Spehar (Age 55)Gen. Counsel Comp: $781.18kMs. Nicole Witteveen (Age 33)Exec. VP of People & Culture and Chief of Staff Comp: $435.75kMr. Stephen BreslinChief Accounting OfficerMr. Brian Michael HawthorneDirector of Corp. Fin.Mr. Larry KaufmanChief Information Officer & VP of Continuous ImprovementMr. Josh BrattonDirector of Devel.More ExecutivesKey CompetitorsKite Realty Group TrustNYSE:KRGNNN REITNYSE:NNNFederal Realty Investment TrustNYSE:FRTTanger Factory Outlet CentersNYSE:SKTRetail Opportunity InvestmentsNASDAQ:ROICView All CompetitorsInsiders & InstitutionsAlberta Investment Management CorpSold 3,096 shares on 8/24/2023Ownership: 0.006%Virginia Retirement Systems ET ALBought 88,260 shares on 8/22/2023Ownership: 0.092%California State Teachers Retirement SystemSold 1,099 shares on 8/21/2023Ownership: 0.114%Teachers Retirement System of The State of KentuckySold 443 shares on 8/21/2023Ownership: 0.047%Osaic Holdings Inc.Sold 609 shares on 8/21/2023Ownership: 0.013%View All Insider TransactionsView All Institutional Transactions ADC Stock - Frequently Asked Questions Should I buy or sell Agree Realty stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ADC shares. View ADC analyst ratings or view top-rated stocks. What is Agree Realty's stock price forecast for 2023? 9 brokers have issued 1-year price targets for Agree Realty's shares. Their ADC share price forecasts range from $67.00 to $81.00. On average, they predict the company's stock price to reach $74.50 in the next year. This suggests a possible upside of 30.4% 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 2023? Agree Realty's stock was trading at $70.93 at the start of the year. Since then, ADC stock has decreased by 19.4% and is now trading at $57.14. View the best growth stocks for 2023 here. Are investors shorting Agree Realty? Agree Realty saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,680,000 shares, an increase of 5.5% from the August 15th total of 2,540,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is currently 2.6 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, November 7th 2023. View our ADC earnings forecast. How were Agree Realty's earnings last quarter? Agree Realty Co. (NYSE:ADC) released its earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share 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 the consensus estimate of $124.55 million. Agree Realty had a net margin of 33.71% and a trailing twelve-month return on equity of 3.74%. During the same quarter in the previous year, the company posted $0.97 earnings per share. How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty? Agree Realty announced a monthly dividend on Tuesday, September 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.243 per share on Friday, October 13th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for ADC. What ETFs hold Agree Realty's stock? ETFs with the largest weight of Agree Realty (NYSE:ADC) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ALPS Active REIT ETF (REIT), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), JPMorgan Active Small Cap Value ETF (JPSV), Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Global Real Estate ETF (BLDG) and iShares US Credit Bond ETF (CRED). Is Agree Realty a good dividend stock? Agree Realty (NYSE:ADC) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.96%. 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 165.91%. 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 71.05% 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). What is Agree Realty's stock symbol? Agree Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC." Who are Agree Realty's major shareholders? Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.70%), Principal Financial Group Inc. (6.14%), State Street Corp (5.12%), Centersquare Investment Management LLC (3.40%), Geode Capital Management LLC (1.75%) and JPMorgan Chase & Co. (1.53%). 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, Simon Leopold, Stephen Breslin and William S Rubenfaer. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Agree Realty's stock price today? One share of ADC stock can currently be purchased for approximately $57.14. How much money does Agree Realty make? Agree Realty (NYSE:ADC) has a market capitalization of $5.50 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 $1.76 on an earnings per share basis. How can I contact Agree Realty? 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. This page (NYSE:ADC) was last updated on 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Agree Realty Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.