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NYSE:ADC

Agree Realty Stock Forecast, Price & News

$62.48
+0.11 (+0.18 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$62.04
Now: $62.48
$63.02
50-Day Range
$62.30
MA: $66.68
$69.81
52-Week Range
$45.23
Now: $62.48
$80.51
Volume668,727 shs
Average Volume629,868 shs
Market Capitalization$3.36 billion
P/E Ratio32.21
Dividend Yield3.85%
Beta0.2
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


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$3.53 per share
Book Value$39.88 per share

Profitability

Net Income$80.08 million

Miscellaneous

Employees36
Market Cap$3.36 billion
Next Earnings Date10/19/2020 (Confirmed)
OptionableOptionable
$62.48
+0.11 (+0.18 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Agree Realty (NYSE:ADC) Frequently Asked Questions

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

Agree Realty's stock was trading at $72.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADC stock has decreased by 13.9% and is now trading at $62.48.
View which stocks have been most impacted by COVID-19
.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 9 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, October 19th 2020.
View our earnings forecast for Agree Realty
.

How can I listen to Agree Realty's earnings call?

Agree Realty will be holding an earnings conference call on Monday, October 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) issued its earnings results on Monday, July, 20th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.72 by $0.25. The real estate investment trust earned $57.54 million during the quarter, compared to analysts' expectations of $55.23 million. Agree Realty had a net margin of 41.98% and a return on equity of 5.24%.
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 Wednesday, September 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.60 per share on Friday, October 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 24th.
View Agree Realty's dividend history
.

What price target have analysts set for ADC?

9 brokers have issued 12 month price objectives for Agree Realty's stock. Their forecasts range from $69.00 to $82.00. On average, they anticipate Agree Realty's share price to reach $75.50 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts' price targets for Agree Realty
.

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), Accenture (ACN), Charles Schwab (SCHW), AutoZone (AZO), Hudson Technologies (HDSN), Och-Ziff Capital Management Group (OZM) and Vicor (VICR).

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 a variety of retail and institutional investors. Top institutional shareholders include Copper Rock Capital Partners LLC (18.57%), Vanguard Group Inc. (14.69%), Principal Financial Group Inc. (3.30%), Principal Financial Group Inc. (3.30%), APG Asset Management US Inc. (2.54%) and Nuveen Asset Management LLC (2.47%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Laith Hermiz, Merrie S Frankel 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 Lasalle Investment Management Securities LLC, Sumitomo Mitsui Trust Holdings Inc., Thrivent Financial for Lutherans, Goldman Sachs Group Inc., Copper Rock Capital Partners LLC, William Blair Investment Management LLC, Uniplan Investment Counsel Inc., and Jaguar Listed Property LLC.
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 Copper Rock Capital Partners LLC, Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Charles Schwab Investment Management Inc., Russell Investments Group Ltd., Prudential Financial Inc., and Scout Investments Inc.. 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, Merrie S Frankel, 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 $62.48.

How big of a company is Agree Realty?

Agree Realty has a market capitalization of $3.36 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.

What is Agree Realty's official website?

The official website for Agree Realty is 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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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