Agree Realty Corp. Company Profile (NYSE:ADC)

About Agree Realty Corp.

Agree Realty Corp. 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), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company's portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. Its portfolio includes over 275 net lease properties and over three community shopping centers. The Company's primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States. 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.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Management
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: ADC
  • CUSIP: 00849210
Key Metrics:
  • Previous Close: $49.64
  • 50 Day Moving Average: $47.99
  • 200 Day Moving Average: $44.35
  • 52-Week Range: $29.15 - $51.33
  • Trailing P/E Ratio: 24.82
  • Foreward P/E Ratio: 18.04
  • P/E Growth: 0.91
  • Market Cap: $1.18B
  • Outstanding Shares: 23,416,000
  • Beta: 0.62
Profitability:
  • Net Margins: 51.23%
  • Return on Equity: 8.70%
  • Return on Assets: 4.85%
Debt:
  • Debt-to-Equity Ratio: 0.69%
  • Current Ratio: 0.76%
  • Quick Ratio: 0.76%
Additional Links:
Companies Related to Agree Realty Corp.:

Analyst Ratings

Consensus Ratings for Agree Realty Corp. (NYSE:ADC) (?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $45.83 (8.92% downside)

Analysts' Ratings History for Agree Realty Corp. (NYSE:ADC)
Show:
DateFirmActionRatingPrice TargetDetails
8/29/2016Jefferies GroupReiterated RatingBuyView Rating Details
7/27/2016WunderlichBoost Price TargetBuy$45.00 -> $54.00View Rating Details
7/7/2016Stifel NicolausInitiated CoverageBuy$54.00View Rating Details
1/7/2016Raymond James Financial Inc.Boost Price TargetOutperform$35.00 -> $37.00View Rating Details
12/17/2015Janney Montgomery ScottInitiated CoverageBuy$38.00View Rating Details
10/28/2015Compass PointReiterated RatingBuy$34.00 -> $36.00View Rating Details
3/24/2015Robert W. BairdInitiated CoverageOutperform$37.00View Rating Details
1/27/2015Cowen and CompanyBoost Price TargetBuy$34.00 -> $38.00View Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for Agree Realty Corp. (NYSE:ADC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2016        
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$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$0.58$0.58$14.20 million$13.48 millionViewN/AView Earnings Details
10/27/2014Q3$0.56$0.55ViewN/AView Earnings Details
7/29/2014Q214$0.55$0.55$12.80 millionViewN/AView Earnings Details
4/28/2014Q114$0.53$0.49$12.12 million$11.50 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)

Estimates

Earnings Estimates for Agree Realty Corp. (NYSE:ADC)
Current Year EPS Consensus Estimate: $2.52 EPS
Next Year EPS Consensus Estimate: $2.79 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.61$0.61$0.61
Q2 20161$0.61$0.61$0.61
Q3 20161$0.64$0.64$0.64
Q4 20161$0.66$0.66$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Agree Realty Corp. (NYSE:ADC)
Annual Dividend:$1.92
Dividend Yield:3.82%
Dividend Growth:4.60% (3 Year Average)
Payout Ratio:93.20% (Based on Trailing 12 Months of Earnings)
76.19% (Based on Current Year Consensus EPS Estimate)
68.82% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Agree Realty Corp. (NYSE:ADC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/9/2016quarterly$0.484.08%9/28/20169/30/201610/14/2016
5/3/2016quarterly$0.484.79%6/28/20166/30/20167/15/2016
3/2/2016quarterly$0.474.93%3/29/20163/31/20164/15/2016
12/2/2015quarterly$0.475.56%12/18/201512/22/20151/5/2016
9/16/2015quarterly$0.476.39%9/28/20159/30/201510/13/2015
5/5/2015quarterly$0.476.09%6/26/20156/30/20157/14/2015
3/6/2015quarterly$0.455.69%3/27/20153/31/20154/14/2015
12/2/2014quarterly$0.455.82%12/19/201412/23/20141/6/2015
9/9/2014quarterly$0.435.95%9/26/20149/30/201410/14/2014
6/3/2014quarterly$0.435.7%6/26/20146/30/20147/8/2014
3/4/2014quarterly$0.435.44%3/27/20143/31/20144/8/2014
12/3/2013quarterly$0.415.77%12/18/201312/20/20131/3/2014
9/11/2013quarterly$0.415.84%9/26/20139/30/201310/8/2013
6/4/2013quarterly$0.415.16%6/26/20136/28/20137/9/2013
3/5/2013quarterly$0.415.75%3/26/20133/29/20134/9/2013
12/4/2012quarterly$0.4012/17/20121/2/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Agree Realty Corp. (NYSE:ADC)
Insider Ownership Percentage: 5.25%
Institutional Ownership Percentage: 80.71%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Agree Realty Corp. (NYSE:ADC)
DateHeadline
nasdaq.com logoEx-Dividend Reminder: Colony Capital, CoreSite Realty and Agree Realty - Nasdaq (NYSE:ADC)
www.nasdaq.com - September 26 at 3:18 PM
capitalcube.com logoAgree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : September 23, 2016 (NYSE:ADC)
www.capitalcube.com - September 23 at 3:41 PM
investornewswire.com logoAgree Realty Corporation (NYSE:ADC)'s Expectation Of $121.216 In Sales - Investor Newswire (NYSE:ADC)
www.investornewswire.com - September 21 at 3:43 PM
stocksdaily.net logoAgree Realty Corporation (NYSE:ADC): The Buzzing Stock (NYSE:ADC)
www.stocksdaily.net - September 13 at 3:18 PM
stocksdaily.net logoAgree Realty Corporation (NYSE:ADC): The Buzzing Stock - Stocks Daily (NYSE:ADC)
www.stocksdaily.net - September 11 at 3:17 PM
prnewswire.com logoAgree Realty Declares Quarterly Cash Dividend - PR Newswire (press release) (NYSE:ADC)
www.prnewswire.com - September 9 at 8:06 AM
publicnow.com logoAgree Realty Declares Quarterly Cash Dividend (NYSE:ADC)
www.publicnow.com - September 9 at 8:06 AM
News IconAgree Realty Corporation (NYSE:ADC): What is the Sell-side Making of this Stock? - Post News (NYSE:ADC)
www.kentuckypostnews.com - September 8 at 12:18 PM
capitalcube.com logoAgree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : September 8, 2016 (NYSE:ADC)
www.capitalcube.com - September 8 at 12:18 PM
investornewswire.com logoWill Agree Realty Corporation (NYSE:ADC) Keep up With Analyst Expectations? - Investor Newswire (NYSE:ADC)
www.investornewswire.com - September 7 at 3:18 PM
News IconEarnings Analysis & Update for Agree Realty Corporation (NYSE:ADC)? - Frisco Fastball (NYSE:ADC)
friscofastball.com - September 7 at 3:18 PM
News IconStock Trading Above Moving Averages: Agree Realty Corp. (NYSE:ADC) - Post News (NYSE:ADC)
www.kentuckypostnews.com - September 7 at 3:18 PM
News IconPlacing Agree Realty Corporation (NYSE:ADC) Shares Under the Microscope - Post News (NYSE:ADC)
www.kentuckypostnews.com - September 7 at 12:15 PM
prnewswire.com logoAgree Realty Appoints Merrie S. Frankel to Board of Directors - PR Newswire (press release) (NYSE:ADC)
www.prnewswire.com - September 6 at 8:27 PM
biz.yahoo.com logoAGREE REALTY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:ADC)
biz.yahoo.com - September 6 at 8:27 PM
publicnow.com logoAgree Realty Appoints Merrie S. Frankel To Board Of Directors (NYSE:ADC)
www.publicnow.com - September 6 at 8:27 PM
investornewswire.com logoAgree Realty Corporation (NYSE:ADC) Expects Sales Of $121.223 - Investor Newswire (NYSE:ADC)
www.investornewswire.com - September 6 at 3:17 PM
mysmartrend.com logoAgree Realty Up 38.9% Since SmarTrend Uptrend Call (ADC) (NYSE:ADC)
www.mysmartrend.com - August 26 at 11:26 AM
News IconShares Holding Above Moving Averages: Agree Realty Corp. (NYSE:ADC) - Post News (NYSE:ADC)
www.kentuckypostnews.com - August 19 at 8:36 PM
mysmartrend.com logoAgree Realty Has Returned 38.7% Since SmarTrend Recommendation (ADC) (NYSE:ADC)
www.mysmartrend.com - August 18 at 11:42 AM
News IconSell-side Price Target Review on Agree Realty Corporation (NYSE:ADC) - Post News (NYSE:ADC)
www.kentuckypostnews.com - August 17 at 3:20 PM
capitalcube.com logoAgree Realty Corp. breached its 50 day moving average in a Bearish Manner : ADC-US : August 17, 2016 (NYSE:ADC)
www.capitalcube.com - August 17 at 11:33 AM
investornewswire.com logoAnalysts See Sales Of $121.223 For Agree Realty Corporation (NYSE:ADC) - Investor Newswire (NYSE:ADC)
www.investornewswire.com - August 16 at 3:19 PM
capitalcube.com logoETF’s with exposure to Agree Realty Corp. : August 16, 2016 (NYSE:ADC)
www.capitalcube.com - August 16 at 3:19 PM
biz.yahoo.com logoAGREE REALTY CORP Files SEC form 8-K/A, Financial Statements and Exhibits (NYSE:ADC)
biz.yahoo.com - August 15 at 10:33 AM
mysmartrend.com logoAgree Realty Up 42.3% Since SmarTrend Uptrend Call (ADC) (NYSE:ADC)
www.mysmartrend.com - August 10 at 12:14 PM
investornewswire.com logoAgree Realty Corporation (NYSE:ADC) Records An Estimated Annual Sales Mean Of $121.223 - Investor Newswire (NYSE:ADC)
www.investornewswire.com - August 9 at 3:36 PM
capitalcube.com logoAdCapital AG :ADC-DE: Earnings Analysis: For the six months ended December 31, 2015 : August 9, 2016 (NYSE:ADC)
www.capitalcube.com - August 9 at 12:03 PM
finance.yahoo.com logoAGREE REALTY CORP Financials (NYSE:ADC)
finance.yahoo.com - August 3 at 3:20 PM
benzinga.com logoExclusive: CEO Joey Agree Talks REITs, Geographical Agnosticism (NYSE:ADC)
www.benzinga.com - August 3 at 11:52 AM
capitalcube.com logoETF’s with exposure to Agree Realty Corp. : August 2, 2016 (NYSE:ADC)
www.capitalcube.com - August 2 at 3:18 PM
capitalcube.com logoAgree Realty Corp. :ADC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 1, 2016 (NYSE:ADC)
www.capitalcube.com - August 1 at 3:19 PM
tradecalls.org logoRevenue Update on Agree Realty Corporation(NYSE:ADC) - Trade Calls (NYSE:ADC)
www.tradecalls.org - August 1 at 8:05 AM
seekingalpha.com logoNet-Lease REIT Agree Realty: Why This Small-Cap Gem Will Continue To Shine (NYSE:ADC)
seekingalpha.com - July 29 at 12:18 PM
equities.com logoAgree Realty Corporation (ADC) Hits New 52-week High During July 25 Session - Equities.com (NYSE:ADC)
www.equities.com - July 28 at 4:16 PM
equities.com logoAgree Realty Corporation (ADC) Hits New 52-week High During July 26 Session - Equities.com (NYSE:ADC)
www.equities.com - July 28 at 4:16 PM
nasdaq.com logoADC Breaks Above 4% Yield Territory (NYSE:ADC)
www.nasdaq.com - July 28 at 11:56 AM
biz.yahoo.com logoAGREE REALTY CORP Files SEC form 10-Q, Quarterly Report (NYSE:ADC)
biz.yahoo.com - July 27 at 4:23 PM
capitalcube.com logoAgree Realty Corp. :ADC-US: Earnings Analysis: Q2, 2016 By the Numbers : July 27, 2016 (NYSE:ADC)
www.capitalcube.com - July 27 at 3:18 PM
finance.yahoo.com logoAgree Realty Corporation Reports Second Quarter 2016 Results (NYSE:ADC)
finance.yahoo.com - July 26 at 9:19 PM
msn.com logoAgree Realty's (ADC) CEO Joey Agree on Q2 2016 Results - Earnings Call Transcript (NYSE:ADC)
www.msn.com - July 26 at 9:19 PM
finance.yahoo.com logoEdited Transcript of ADC earnings conference call or presentation 26-Jul-16 3:00pm GMT (NYSE:ADC)
finance.yahoo.com - July 26 at 4:42 PM
investornewswire.com logoExpected For Agree Realty Corporation (NYSE:ADC) Sales Of $110.015 - Investor Newswire (NYSE:ADC)
www.investornewswire.com - July 26 at 3:18 PM
seekingalpha.com logoMore on Agree Realty's Q2 - Seeking Alpha (NYSE:ADC)
seekingalpha.com - July 26 at 12:10 PM
prnewswire.com logoAgree Realty Corporation Reports Second Quarter 2016 Results - PR Newswire (press release) (NYSE:ADC)
www.prnewswire.com - July 25 at 8:45 PM
sg.finance.yahoo.com logoAgree Realty reports 2Q results (NYSE:ADC)
sg.finance.yahoo.com - July 25 at 4:15 PM
biz.yahoo.com logoQ2 2016 Agree Realty Corp Earnings Release - After Market Close (NYSE:ADC)
biz.yahoo.com - July 25 at 7:07 AM
seekingalpha.com logoE-Commerce Growth: Is This Rock-Solid Income REIT Still Flying Under Your Radar? (NYSE:ADC)
seekingalpha.com - July 22 at 11:29 AM
News IconAgree Realty Corporation (NYSE:ADC): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily (NYSE:ADC)
www.engelwooddaily.com - July 21 at 11:49 AM
ftsenews.co.uk logoAgree Realty Corporation (NYSE:ADC) Updated Price Targets - FTSE News (NYSE:ADC)
www.ftsenews.co.uk - July 20 at 11:26 AM

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Agree Realty Corp. (NYSE:ADC) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff