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

$63.07
+0.23 (+0.37 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$59.13
Now: $63.07
$64.87
50-Day Range
$48.57
MA: $71.31
$79.62
52-Week Range
$45.23
Now: $63.07
$80.51
Volume2.58 million shs
Average Volume838,278 shs
Market Capitalization$2.87 billion
P/E Ratio32.51
Dividend Yield3.72%
Beta0.13
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. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".
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Agree Realty logo

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$187.48 million
Cash Flow$3.65 per share
Book Value$39.88 per share

Profitability

Net Income$80.08 million

Miscellaneous

Employees36
Market Cap$2.87 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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Agree Realty (NYSE:ADC) Frequently Asked Questions

How has Agree Realty's stock been impacted by COVID-19 (Coronavirus)?

Agree Realty's stock was trading at $72.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ADC stock has decreased by 13.1% and is now trading at $63.07. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Agree Realty?

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

When is Agree Realty's next earnings date?

Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast for Agree Realty.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) announced its quarterly earnings data on Monday, October, 21st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.06. The real estate investment trust had revenue of $48.08 million for the quarter, compared to analysts' expectations of $47.28 million. Agree Realty had a return on equity of 5.64% and a net margin of 42.72%. View Agree Realty's earnings history.

How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty?

Agree Realty declared a quarterly dividend on Tuesday, February 25th. Investors of record on Friday, March 27th will be given a dividend of $0.585 per share on Thursday, April 9th. This represents a $2.34 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, March 26th. View Agree Realty's dividend history.

What price target have analysts set for ADC?

6 brokerages have issued 12-month target prices for Agree Realty's shares. Their forecasts range from $70.00 to $84.00. On average, they expect Agree Realty's share price to reach $80.33 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for Agree Realty.

Has Agree Realty been receiving favorable news coverage?

Media coverage about ADC stock has been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Agree Realty earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutAgree Realty.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest in February. As of February 14th, there was short interest totaling 4,240,000 shares, an increase of 10.1% from the January 30th total of 3,850,000 shares. Based on an average daily trading volume, of 431,800 shares, the days-to-cover ratio is presently 9.8 days. Approximately 10.3% 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), Vicor (VICR), Hudson Technologies (HDSN), Accenture (ACN), AutoZone (AZO) and Primo Water (PRMW).

Who are Agree Realty's key executives?

Agree Realty's management team includes the following 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)

What is Agree Realty's stock symbol?

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

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (3.83%), Cohen & Steers Inc. (3.58%), Principal Financial Group Inc. (3.40%), Jefferies Group LLC (3.24%), Nuveen Asset Management LLC (2.26%) and Bank of New York Mellon Corp (2.13%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz, Richard Agree and Simon Leopold. View institutional ownership trends for Agree Realty.

Which major investors are selling Agree Realty stock?

ADC stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., FMR LLC, State Street Corp, PNC Financial Services Group Inc., Securian Asset Management Inc, William Blair Investment Management LLC, Citigroup Inc., and Principal Financial Group Inc.. View insider buying and selling activity for Agree Realty.

Which major investors are buying Agree Realty stock?

ADC stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Credit Suisse AG, Goldman Sachs Group Inc., Norges Bank, Thrivent Financial for Lutherans, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, and UBS Oconnor LLC. Company insiders that have bought Agree Realty stock in the last two years include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Richard Agree, and Simon Leopold. View insider buying and selling activity 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 $63.07.

How big of a company is Agree Realty?

Agree Realty has a market capitalization of $2.87 billion and generates $187.48 million in revenue each year. The real estate investment trust earns $80.08 million in net income (profit) each year or $3.08 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://www.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:  370 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  622
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 3/28/2020 by MarketBeat.com Staff

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