Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated DividendNYSE:ADC Agree Realty (ADC) Stock Forecast, Price & News $64.95 +0.70 (+1.09%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$64.43▼$65.3050-Day Range$64.19▼$68.6152-Week Range$63.34▼$80.44Volume854,990 shsAverage Volume907,643 shsMarket Capitalization$6.05 billionP/E Ratio36.29Dividend Yield4.50%Price Target$78.23 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Agree Realty MarketRank™ ForecastAnalyst RatingModerate Buy2.89 Rating ScoreUpside/Downside20.5% Upside$78.25 Price TargetShort InterestBearish4.23% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.10Based on 10 Articles This WeekInsider TradingAcquiring Shares$2.22 M Bought Last QuarterProj. Earnings Growth-5.58%From $3.94 to $3.72 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsFinance Sector674th out of 874 stocksReal Estate Investment Trusts Industry151st out of 191 stocks 2.4 Analyst's Opinion Consensus RatingAgree Realty has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.25, Agree Realty has a forecasted upside of 20.5% from its current price of $64.95.Amount of Analyst CoverageAgree Realty has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.23% of the outstanding shares of Agree Realty have been sold short.Short Interest Ratio / Days to CoverAgree Realty has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in Agree Realty has recently increased by 8.24%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipAgree Realty is a leading dividend payer. It pays a dividend yield of 4.52%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAgree Realty has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Agree Realty is 163.13%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Agree Realty will have a dividend payout ratio of 78.49% in the coming year. This indicates that Agree Realty may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ADC. Previous Next 3.9 News and Social Media Coverage News SentimentAgree Realty has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Agree Realty this week, compared to 5 articles on an average week.Search Interest13 people have searched for ADC on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat Follows8 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Agree Realty insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,215,776.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of Agree Realty is held by insiders. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Agree Realty are expected to decrease by -5.58% in the coming year, from $3.94 to $3.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Agree Realty is 36.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Agree Realty is 36.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 164.03.Price to Earnings Growth RatioAgree Realty has a PEG Ratio of 3.11. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAgree Realty has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Agree Realty (NYSE:ADC) StockAgree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.Read More Receive ADC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Agree Realty and its competitors with MarketBeat's FREE daily newsletter. Email Address ADC Stock News HeadlinesJune 1, 2023 | finance.yahoo.comAgree Realty Releases Whitepaper Exploring the Modern Grocery LandscapeJune 1, 2023 | americanbankingnews.comAgree Realty Co. (NYSE:ADC) CFO Buys $32,125.00 in StockJune 3, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.June 1, 2023 | americanbankingnews.comCraig Erlich Acquires 3,000 Shares of Agree Realty Co. (NYSE:ADC) StockMay 29, 2023 | finance.yahoo.comADC - Agree Realty CorporationMay 28, 2023 | americanbankingnews.comAgree Realty Co. (ADC) to Issue Monthly Dividend of $0.24 on June 14thMay 28, 2023 | americanbankingnews.comStephen Breslin Buys 375 Shares of Agree Realty Co. (NYSE:ADC) StockMay 23, 2023 | finance.yahoo.comAKR vs. ADC: Which Stock Is the Better Value Option?June 3, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 23, 2023 | msn.comBeat the Dow Jones With This Cash-Gushing Dividend StockMay 20, 2023 | americanbankingnews.comAgree Realty Co. (NYSE:ADC) COO Craig Erlich Purchases 1,500 SharesMay 20, 2023 | americanbankingnews.comAgree Realty Co. (NYSE:ADC) Given Consensus Recommendation of "Moderate Buy" by BrokeragesMay 20, 2023 | americanbankingnews.comJoey Agree Buys 5,000 Shares of Agree Realty Co. (NYSE:ADC) StockMay 20, 2023 | seekingalpha.comAgree Realty Corporation: Worthy Portfolio AdditionMay 20, 2023 | americanbankingnews.comAgree Realty (NYSE:ADC) Earns Sell Rating from Analysts at StockNews.comMay 18, 2023 | finance.yahoo.comAgree Realty Releases 2022 Environmental, Social & Governance ReportMay 17, 2023 | msn.comBusy Parent Looking for Passive Income? Try These 3 Solid Dividend StocksMay 17, 2023 | wsj.comAgree Realty Corp. Dep Pfd. (Rep. 1/1000th 4.250% Perp. Pfd. Series A)May 17, 2023 | americanbankingnews.comAgree Realty Co. (NYSE:ADC) CEO Acquires $331,800.00 in StockMay 16, 2023 | msn.comAgree Realty: Safety And Income For Your PortfolioMay 15, 2023 | americanbankingnews.comInsider Buying: Agree Realty Co. (NYSE:ADC) Director Purchases 7,500 Shares of StockMay 13, 2023 | americanbankingnews.comAgree Realty Co. (NYSE:ADC) Director Buys $712,085.75 in StockMay 10, 2023 | finance.yahoo.comAgree Realty Corporation (NYSE:ADC) Q1 2023 Earnings Call TranscriptMay 10, 2023 | americanbankingnews.comReviewing Agree Realty (NYSE:ADC) and Wheeler Real Estate Investment Trust (NASDAQ:WHLR)May 8, 2023 | msn.comRBC Capital Maintains Agree Realty (ADC) Outperform RecommendationMay 5, 2023 | finance.yahoo.comAgree Realty (ADC) Q1 2023 Earnings Call TranscriptMay 5, 2023 | seekingalpha.comAgree Realty Q1 2023 Earnings PreviewSee More Headlines ADC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ADC Company Calendar Ex-Dividend for 5/12 Dividend4/27/2023Last Earnings5/05/2023Dividend Payable5/12/2023Ex-Dividend for 6/14 Dividend5/30/2023Today6/02/2023Dividend Payable6/14/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:ADC CUSIP00849210 CIK917251 Webwww.agreerealty.com Phone(248) 737-4190Fax248-737-9110Employees57Year Founded1971Price Target and Rating Average Stock Price Forecast$78.25 High Stock Price Forecast$83.00 Low Stock Price Forecast$73.00 Forecasted Upside/Downside+20.4%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.79 Trailing P/E Ratio36.30 Forward P/E Ratio16.49 P/E Growth3.11Net Income$152.44 million Net Margins34.48% Pretax Margin34.60% Return on Equity4.04% Return on Assets2.65% Debt Debt-to-Equity Ratio0.44 Current Ratio0.72 Quick Ratio0.72 Sales & Book Value Annual Sales$429.81 million Price / Sales14.09 Cash Flow$3.68 per share Price / Cash Flow17.66 Book Value$49.60 per share Price / Book1.31Miscellaneous Outstanding Shares93,200,000Free Float91,707,000Market Cap$6.06 billion OptionableOptionable Beta0.46 Social Links Key ExecutivesJoel N. AgreePresident, Chief Executive Officer & DirectorCraig ErlichChief Operating OfficerPeter CoughenourChief Financial Officer & SecretaryLarry KaufmanChief Information Officer & Vice PresidentJosh BrattonDevelopment DirectorKey CompetitorsFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNKite Realty Group TrustNYSE:KRGTanger Factory Outlet CentersNYSE:SKTMacerichNYSE:MACView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 50,390 shares on 6/1/2023Ownership: 0.520%Ontario Teachers Pension Plan BoardBought 12,994 shares on 6/1/2023Ownership: 0.014%ProShare Advisors LLCSold 6,155 shares on 5/26/2023Ownership: 0.159%Craig ErlichBought 3,000 shares on 5/26/2023Total: $192,270.00 ($64.09/share)Peter CoughenourBought 500 shares on 5/26/2023Total: $32,125.00 ($64.25/share)View All Insider TransactionsView All Institutional Transactions ADC Stock - Frequently Asked Questions Should I buy or sell Agree Realty stock right now? 8 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" ADC shares. View ADC analyst ratings or view top-rated stocks. What is Agree Realty's stock price forecast for 2023? 8 brokerages have issued 1 year price objectives for Agree Realty's stock. Their ADC share price forecasts range from $73.00 to $83.00. On average, they expect the company's stock price to reach $78.25 in the next year. This suggests a possible upside of 20.4% from the stock's current price. View analysts price targets for ADC or view top-rated stocks among Wall Street analysts. How have ADC shares performed in 2023? Agree Realty's stock was trading at $70.93 on January 1st, 2023. Since then, ADC stock has decreased by 8.4% and is now trading at $64.98. View the best growth stocks for 2023 here. Are investors shorting Agree Realty? Agree Realty saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,940,000 shares, an increase of 8.2% from the April 30th total of 3,640,000 shares. Based on an average trading volume of 718,000 shares, the short-interest ratio is presently 5.5 days. View Agree Realty's Short Interest. When is Agree Realty's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023. View our ADC earnings forecast. How were Agree Realty's earnings last quarter? Agree Realty Co. (NYSE:ADC) announced its quarterly earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to analysts' expectations of $124.55 million. Agree Realty had a net margin of 34.48% and a trailing twelve-month return on equity of 4.04%. During the same period last year, the business posted $0.97 EPS. How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty? Agree Realty declared a monthly dividend on Thursday, May 11th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.243 per share on Wednesday, June 14th. This represents a $2.92 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, May 30th. Read our dividend analysis for ADC. What ETFs hold Agree Realty's stock? ETFs with the largest weight of Agree Realty (NYSE:ADC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), NETLease Corporate Real Estate ETF (NETL), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Cambria Global Real Estate ETF (BLDG), ALPS Active REIT ETF (REIT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Virtus Real Asset Income ETF (VRAI) and Invesco S&P MidCap Momentum ETF (XMMO). Is Agree Realty a good dividend stock? Agree Realty (NYSE:ADC) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.52%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 163.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ADC will have a dividend payout ratio of 78.49% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for ADC. What is Richard Agree's approval rating as Agree Realty's CEO? 1 employees have rated Agree Realty Chief Executive Officer Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among the company's employees. This puts Richard Agree in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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), Aegean Marine Petroleum Network (ANW), Accenture (ACN), Charles Schwab (SCHW), AutoZone (AZO), Hudson Technologies (HDSN), Och-Ziff Capital Management Group (OZM) and Vicor (VICR). 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.42%), Principal Financial Group Inc. (6.22%), State Street Corp (5.72%), Deutsche Bank AG (3.24%), Geode Capital Management LLC (2.15%) and JPMorgan Chase & Co. (1.71%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Peter Coughenour, Richard Agree, Simon Leopold, Stephen Breslin and William S Rubenfaer. View institutional ownership trends. How do I buy shares of Agree Realty? Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Agree Realty's stock price today? One share of ADC stock can currently be purchased for approximately $64.98. How much money does Agree Realty make? Agree Realty (NYSE:ADC) has a market capitalization of $6.06 billion and generates $429.81 million in revenue each year. The real estate investment trust earns $152.44 million in net income (profit) each year or $1.79 on an earnings per share basis. How can I contact Agree Realty? Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.agreerealty.com. The real estate investment trust can be reached via phone at (248) 737-4190, via email at investor@agreerealty.com, or via fax at 248-737-9110. This page (NYSE:ADC) was last updated on 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Agree Realty Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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