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 June 30, 2018, the Company owned and operated a portfolio of 481 properties, located in 44 states and containing approximately 9.3 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".
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:ADC
CUSIP00849210
Phone248-737-4190
Debt
Debt-to-Equity Ratio0.71
Current Ratio1.03
Quick Ratio1.03
Price-To-Earnings
Trailing P/E Ratio19.87
Forward P/E Ratio18.90
P/E Growth3.76
Sales & Book Value
Annual Sales$116.56 million
Price / Sales14.39
Cash Flow$3.1255 per share
Price / Cash17.29
Book Value$31.19 per share
Price / Book1.73
Profitability
EPS (Most Recent Fiscal Year)$2.72
Net Income$58.11 million
Net Margins43.90%
Return on Equity6.53%
Return on Assets3.87%
Miscellaneous
Employees32
Outstanding Shares31,030,000
Market Cap$1.67 billion
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 quarterly dividend on Wednesday, September 5th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.54 per share on Friday, October 12th. This represents a $2.16 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, September 27th. View Agree Realty's Dividend History.
How were Agree Realty's earnings last quarter?
Agree Realty Co. (NYSE:ADC) issued its quarterly earnings results on Monday, July, 23rd. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.06. The real estate investment trust earned $35.71 million during the quarter, compared to analysts' expectations of $35.50 million. Agree Realty had a return on equity of 6.53% and a net margin of 43.90%. View Agree Realty's Earnings History.
When is Agree Realty's next earnings date?
What price target have analysts set for ADC?
7 equities research analysts have issued 12-month price targets for Agree Realty's stock. Their forecasts range from $55.00 to $63.00. On average, they expect Agree Realty's share price to reach $58.00 in the next year. This suggests a possible upside of 7.3% 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 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Agree Realty.
Who are some of Agree Realty's key competitors?
Some companies that are related to Agree Realty include Omega Healthcare Investors (OHI), CyrusOne (CONE), DCT Industrial Trust (DCT), Kimco Realty (KIM), Douglas Emmett (DEI), American Homes 4 Rent (AMH), New Residential Investment (NRZ), Liberty Property Trust (LPT), RioCan Real Estate Investment Trust (RIOCF), Store Capital (STOR), Starwood Property Trust (STWD), American Campus Communities (ACC), Healthcare Trust Of America (HTA), Medical Properties Trust (MPW) and CubeSmart (CUBE).
Who are Agree Realty's key executives?
Agree Realty's management team includes the folowing people:
- Mr. Richard A. Agree, Exec. Chairman (Age 74)
- Mr. Joel N. Agree, Pres, CEO & Director (Age 39)
- Mr. Clayton Thelen CPA, CFO & Sec. (Age 34)
- Mr. Laith M. Hermiz, COO & Exec. VP (Age 47)
- Mr. Peter Coughenour, Director of Corp. Fin.
Who are Agree Realty's major shareholders?
Agree Realty's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Strs Ohio (0.16%), State of Alaska Department of Revenue (0.06%), Orinda Asset Management LLC (0.05%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Agree Realty stock include Clayton R Thelen, Gene Silverman, John Rakolta Jr, John Rakolta, Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.
Which institutional investors are selling Agree Realty stock?
Which institutional investors are buying Agree Realty stock?
ADC stock was acquired by a variety of institutional investors in the last quarter, including Orinda Asset Management LLC and Fox Run Management L.L.C.. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, Gene Silverman, John Rakolta Jr, John Rakolta, Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. 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, Scottrade, Fidelity and Charles Schwab.
What is Agree Realty's stock price today?
One share of ADC stock can currently be purchased for approximately $54.04.
How big of a company is Agree Realty?
Agree Realty has a market capitalization of $1.67 billion and generates $116.56 million in revenue each year. The real estate investment trust earns $58.11 million in net income (profit) each year or $2.72 on an earnings per share basis. Agree Realty employs 32 workers across the globe.
What is Agree Realty's official website?
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)
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.
