Agree Realty Corporation Company Profile (NYSE:ADC)

Agree Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC."

Agree Realty Corporation announced a quarterly dividend on Tuesday, September 5th. Investors of record on Friday, September 29th will be paid a dividend of $0.505 per share on Friday, October 13th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, September 28th. View Agree Realty Corporation's Dividend History.

Agree Realty Corporation (NYSE:ADC) posted its quarterly earnings results on Monday, July, 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.17. The firm earned $28.10 million during the quarter, compared to analyst estimates of $27.66 million. Agree Realty Corporation had a net margin of 54.22% and a return on equity of 8.23%. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. View Agree Realty Corporation's Earnings History.

Agree Realty Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Agree Realty Corporation.

10 analysts have issued 12-month price targets for Agree Realty Corporation's shares. Their forecasts range from $46.00 to $58.00. On average, they expect Agree Realty Corporation's stock price to reach $51.88 in the next twelve months. View Analyst Ratings for Agree Realty Corporation.

Here are some recent quotes from research analysts about Agree Realty Corporation stock:

• 1. According to Zacks Investment Research, "Agree Realty Corp. is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases. " (8/1/2017)
• 2. Jefferies Group LLC analysts commented, "Given prospects of interest rates rising faster in 2017 than our previous expectations, and the associated negative impact on triple-net retail stocks, we are downgrading ADC to Hold from Buy and lowering our PT to $49 from $53. That said, we think ADC is still well positioned relative to its peers heading into 2017, and our new PT still implies an 8% total return over the NTM. Cautious on Triple-Net Retail in 2017. We are cautious on the sector in 2017 given potentially accelerating economic growth driving a rising rate environment with the Fed dot plot projecting three interest rate increases in 2017. Triple-Net stocks tend to underperform in a rising rate environment given the long-term nature of their leases provide a more bond- like income stream. Further, as funding costs rise, cap rates tend not to adjust as quickly, so net investment spreads tend to compress and slow acquisition volume and FFO/sh growth." (1/5/2017)

Some companies that are related to Agree Realty Corporation include Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Washington Prime Group (WPG), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL), Wheeler Real Estate Investment Trust (WHLR), Retail Opportunity Investments Corp. (ROIC) and Rouse Properties (RSE).

Agree Realty Corporation's management team includes the folowing people:

• Richard Agree, Executive Chairman of the Board
• Joey Agree, President, Chief Executive Officer, Director
• Matthew Morris Partridge, Chief Financial Officer, Executive Vice President, Secretary
• Laith M. Hermiz, Chief Operating Officer, Executive Vice President
• Merrie S. Frankel, Independent Director
• Farris G. Kalil, Independent Director
• John Rakolta Jr., Independent Director
• Jerome R. Rossi, Independent Director
• William S. Rubenfaer, Independent Director

Agree Realty Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.53%), Vanguard Group Inc. (12.37%), Principal Financial Group Inc. (3.30%), Northern Trust Corp (2.95%), State Street Corp (2.67%) and Bank of New York Mellon Corp (2.50%). Company insiders that own Agree Realty Corporation stock include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty Corporation.

Agree Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Robeco Institutional Asset Management B.V., Westpac Banking Corp, Dalton Greiner Hartman Maher & Co., Parametric Portfolio Associates LLC, California Public Employees Retirement System and Strs Ohio. View Insider Buying and Selling for Agree Realty Corporation.

Agree Realty Corporation's stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Vanguard Group Inc., Franklin Resources Inc., Teachers Advisors LLC, BlackRock Inc., Northpointe Capital LLC, Kennedy Capital Management Inc. and Citadel Advisors LLC. Company insiders that have bought Agree Realty Corporation stock in the last two years include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Insider Buying and Selling for Agree Realty Corporation.

Shares of Agree Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Agree Realty Corporation stock can currently be purchased for approximately $49.72.