NYSE:ADC - Agree Realty Stock Price, News, & Analysis

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$65.65 +0.53 (+0.81 %)
(As of 02/18/2019 08:01 AM ET)
Previous Close$65.12
Today's Range$64.91 - $65.80
52-Week Range$45.05 - $66.71
Volume338,042 shs
Average Volume267,697 shs
Market Capitalization$2.26 billion
P/E Ratio24.14
Dividend Yield3.41%
Beta0.22
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2018, the Company owned and operated a portfolio of 520 properties, located in 45 states and containing approximately 10.0 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP00849210
Phone248-737-4190

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$116.56 million
Cash Flow$3.1322 per share
Book Value$31.19 per share

Profitability

Net Income$58.11 million

Miscellaneous

Employees32
Market Cap$2.26 billion
OptionableOptionable

Agree Realty (NYSE:ADC) Frequently Asked Questions

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 declared a quarterly dividend on Tuesday, December 4th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.555 per share on Friday, January 4th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, December 20th. This is a boost from Agree Realty's previous quarterly dividend of $0.54. View Agree Realty's Dividend History.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) issued its quarterly earnings data on Monday, October, 22nd. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.10. The real estate investment trust had revenue of $37.31 million for the quarter, compared to analyst estimates of $36.97 million. Agree Realty had a net margin of 44.17% and a return on equity of 6.46%. View Agree Realty's Earnings History.

When is Agree Realty's next earnings date?

Agree Realty is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Agree Realty.

What price target have analysts set for ADC?

8 brokerages have issued 1-year target prices for Agree Realty's stock. Their forecasts range from $57.00 to $70.00. On average, they anticipate Agree Realty's stock price to reach $62.00 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for Agree Realty.

What is the consensus analysts' recommendation for Agree Realty?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Agree Realty.

Has Agree Realty been receiving favorable news coverage?

News headlines about ADC stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Agree Realty earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Agree Realty's key competitors?

Who are Agree Realty's key executives?

Agree Realty's management team includes the folowing people:
  • Mr. Richard A. Agree, Exec. Chairman (Age 75)
  • Mr. Joel N. Agree, Pres, CEO & Director (Age 40)
  • Mr. Clayton Thelen CPA, CFO & Sec. (Age 35)
  • Mr. Laith M. Hermiz, COO & Exec. VP (Age 48)
  • Mr. Peter Coughenour, Director of Corp. Fin.

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.72%), Cohen & Steers Inc. (11.72%), Principal Financial Group Inc. (4.39%), Northern Trust Corp (2.72%), Bank of New York Mellon Corp (2.65%) and Barings LLC (1.84%). Company insiders that own Agree Realty stock include Clayton R Thelen, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.

Which institutional investors are selling Agree Realty stock?

ADC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Cohen & Steers Inc., Nuveen Asset Management LLC, Northpointe Capital LLC, Two Sigma Advisers LP, Crestline Management LP, Principal Financial Group Inc. and Westpac Banking Corp. View Insider Buying and Selling for Agree Realty.

Which institutional investors are buying Agree Realty stock?

ADC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Monarch Partners Asset Management LLC, Tributary Capital Management LLC, Sumitomo Mitsui Asset Management Company LTD, D. E. Shaw & Co. Inc., Castleark Management LLC, Lasalle Investment Management Securities LLC and Virginia Retirement Systems ET AL. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, John Rakolta Jr, John Rakolta, Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Insider Buying and Selling for Agree Realty.

How do I buy shares of Agree Realty?

Shares of ADC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Agree Realty's stock price today?

One share of ADC stock can currently be purchased for approximately $65.65.

How big of a company is Agree Realty?

Agree Realty has a market capitalization of $2.26 billion and generates $116.56 million in revenue each year. The real estate investment trust earns $58.11 million in net income (profit) each year or $2.72 on an earnings per share basis. Agree Realty employs 32 workers across the globe.

What is Agree Realty's official website?

The official website for Agree Realty is http://agreerealty.com.

How can I contact Agree Realty?

Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The real estate investment trust can be reached via phone at 248-737-4190 or via email at [email protected]


MarketBeat Community Rating for Agree Realty (NYSE ADC)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  324 (Vote Outperform)
Underperform Votes:  216 (Vote Underperform)
Total Votes:  540
MarketBeat's community ratings are surveys of what our community members think about Agree Realty and other stocks. Vote "Outperform" if you believe ADC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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