Agree Realty Stock Price, News & Analysis (NYSE:ADC)

9 Wall Street 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 analysts is that investors should "moderate buy" ADC shares.
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9 Wall Street research analysts have issued 12 month price objectives for Agree Realty's stock. Their ADC share price targets range from $62.00 to $81.00. On average, they predict the company's share price to reach $70.44 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
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Agree Realty's stock was trading at $70.93 on January 1st, 2023. Since then, ADC shares have decreased by 15.3% and is now trading at $60.11.
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Agree Realty saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 1,650,000 shares, an increase of 55.7% from the October 15th total of 1,060,000 shares. Based on an average trading volume of 839,400 shares, the days-to-cover ratio is presently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our ADC earnings forecast.

Agree Realty Co. (NYSE:ADC) posted its earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 3.48% and a net margin of 32.35%. During the same quarter in the prior year, the company earned $0.97 earnings per share.

Agree Realty declared a monthly dividend on Thursday, November 9th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.247 per share on Thursday, December 14th. This represents a $2.96 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for ADC.

Agree Realty (NYSE:ADC) pays an annual dividend of $2.96 per share and currently has a dividend yield of 4.93%. 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 173.10%. 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 72.55% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by many different institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (5.91%), Deutsche Bank AG (2.52%), Deutsche Bank AG (2.52%), Invesco Ltd. (2.15%), Charles Schwab Investment Management Inc. (1.37%) and Bank of New York Mellon Corp (1.31%). 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 and Stephen Breslin.
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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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