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

$74.18
-1.08 (-1.44 %)
(As of 11/22/2019 03:07 AM ET)
Today's Range
$74.15
Now: $74.18
$75.13
50-Day Range
$73.15
MA: $75.72
$79.01
52-Week Range
$56.46
Now: $74.18
$79.54
Volume202,600 shs
Average Volume296,649 shs
Market Capitalization$3.15 billion
P/E Ratio26.03
Dividend Yield3.03%
Beta-0.01
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 March 31, 2019, the Company owned and operated a portfolio of 694 properties, located in 46 states and containing approximately 11.9 million square feet of gross leasable space. Read More…

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$148.20 million
Cash Flow$2.96 per share
Book Value$35.92 per share

Profitability

Net Income$58.17 million

Miscellaneous

Employees36
Market Cap$3.15 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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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 announced a -- dividend on Thursday, September 5th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.57 per share on Friday, October 11th. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 26th. 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, 21st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The real estate investment trust earned $48.08 million during the quarter, compared to analysts' expectations of $47.28 million. Agree Realty had a net margin of 40.18% and a return on equity of 5.16%. 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 20th 2020. View Earnings Estimates for Agree Realty.

What price target have analysts set for ADC?

7 brokers have issued 1-year price objectives for Agree Realty's stock. Their forecasts range from $66.00 to $83.00. On average, they expect Agree Realty's share price to reach $76.00 in the next year. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for Agree Realty.

What is the consensus analysts' recommendation for Agree Realty?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 4 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 articles about ADC stock have been trending negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Agree Realty earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Agree Realty.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,620,000 shares, an increase of 20.3% from the September 30th total of 4,670,000 shares. Based on an average daily trading volume, of 253,900 shares, the days-to-cover ratio is currently 22.1 days. Approximately 13.6% of the shares of the company are sold short. View Agree Realty's Current Options Chain.

Who are some of Agree Realty's key competitors?

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), Apache (APA), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Hudson Technologies (HDSN), Vicor (VICR), AutoZone (AZO), Och-Ziff Capital Management Group (OZM) and Insperity (NSP).

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 R. Thelen CPA, CFO & Sec. (Age 35)
  • Mr. Laith M. Hermiz, COO & Exec. VP (Age 48)
  • Mr. David A. Wolff, Chief Accounting Officer (Age 50)

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (1.50%), State of New Jersey Common Pension Fund D (0.82%), Tributary Capital Management LLC (0.56%), Eagle Asset Management Inc. (0.54%), Copper Rock Capital Partners LLC (0.53%) and Rhumbline Advisers (0.38%). Company insiders that own Agree Realty stock include Clayton R Thelen, Craig Erlich, Farris G Kalil, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz and Richard Agree. 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 State of New Jersey Common Pension Fund D, Chicago Equity Partners LLC, First Trust Advisors LP, Virginia Retirement Systems ET AL, Tributary Capital Management LLC, Eagle Asset Management Inc., Stephens Inc. AR and Envestnet Asset Management Inc.. View Insider Buying and Selling for Agree Realty.

Which institutional investors are buying Agree Realty stock?

ADC stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Russell Investments Group Ltd., Strs Ohio, California Public Employees Retirement System, Jaguar Listed Property LLC, Rhumbline Advisers, Sumitomo Mitsui Trust Holdings Inc. and Boston Advisors LLC. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, Craig Erlich, Joey Agree, John Rakolta Jr, John Rakolta, Jr and Richard Agree. 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, Robinhood, Fidelity and Charles Schwab.

What is Agree Realty's stock price today?

One share of ADC stock can currently be purchased for approximately $74.18.

How big of a company is Agree Realty?

Agree Realty has a market capitalization of $3.15 billion and generates $148.20 million in revenue each year. The real estate investment trust earns $58.17 million in net income (profit) each year or $2.85 on an earnings per share basis. Agree Realty employs 36 workers across the globe.View Additional Information About Agree Realty.

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:  353 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  589
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 11/22/2019 by MarketBeat.com Staff

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