Agree Realty (ADC) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ADC earnings forecast.

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.

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.

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).

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.

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 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.
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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 $57.14.

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.

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.