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 December 31, 2017, the Company owned and operated a portfolio of 436 properties, located in 43 states and containing approximately 8.7 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". For additional information, please visit www.agreerealty.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:ADC
CUSIP00849210
Phone248-737-4190
Debt
Debt-to-Equity Ratio0.61
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio19.65
Forward P/E Ratio18.35
P/E Growth3.7
Sales & Book Value
Annual Sales$116.56 million
Price / Sales13.33
Cash Flow$3.0819 per share
Price / Cash17.33
Book Value$31.19 per share
Price / Book1.71
Profitability
EPS (Most Recent Fiscal Year)$2.72
Net Income$58.11 million
Net Margins48.16%
Return on Equity6.97%
Return on Assets4.23%
Miscellaneous
Employees32
Outstanding Shares29,090,000
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 declared a quarterly dividend on Tuesday, May 15th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.54 per share on Friday, July 13th. This represents a $2.16 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, June 28th. This is an increase from Agree Realty's previous quarterly dividend of $0.52. View Agree Realty's Dividend History.
How were Agree Realty's earnings last quarter?
Agree Realty Co. (NYSE:ADC) issued its quarterly earnings data on Monday, April, 23rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.71 by $0.18. The real estate investment trust earned $34.57 million during the quarter, compared to the consensus estimate of $33.45 million. Agree Realty had a return on equity of 6.97% and a net margin of 48.16%. View Agree Realty's Earnings History.
When is Agree Realty's next earnings date?
What price target have analysts set for ADC?
7 analysts have issued twelve-month price targets for Agree Realty's stock. Their forecasts range from $51.00 to $58.00. On average, they anticipate Agree Realty's share price to reach $55.1429 in the next twelve months. View Analyst Ratings for Agree Realty.
Who are some of Agree Realty's key competitors?
Some companies that are related to Agree Realty include American Homes 4 Rent (AMH), Omega Healthcare Investors (OHI), DCT Industrial Trust (DCT), New Residential Investment (NRZ), RioCan Real Estate Investment Trust (RIOCF), American Campus Communities (ACC), Starwood Property Trust (STWD), Howard Hughes (HHC), CyrusOne (CONE), CubeSmart (CUBE), Hammerson (HMSNF), Store Capital (STOR), Brixmor Property Group (BRX), Healthcare Trust Of America (HTA) and Medical Properties Trust (MPW).
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.
Has Agree Realty been receiving favorable news coverage?
News headlines about ADC stock have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Agree Realty earned a coverage optimism score of 0.07 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 45.44 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Agree Realty's major shareholders?
Agree Realty's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.42%), Principal Financial Group Inc. (4.65%), Principal Financial Group Inc. (4.65%), Northern Trust Corp (3.13%), Uniplan Investment Counsel Inc. (2.21%) and Barings LLC (1.86%). Company insiders that own Agree Realty stock include Clayton R Thelen, Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. 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 Sei Investments Co., Employees Retirement System of Texas, GSA Capital Partners LLP, Crawford Investment Counsel Inc., Advantus Capital Management Inc, Dalton Greiner Hartman Maher & Co., Franklin Resources Inc. and American International Group Inc.. View Insider Buying and Selling for Agree Realty.
Which major investors are buying Agree Realty stock?
ADC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Millennium Management LLC, Uniplan Investment Counsel Inc., BlackRock Inc., Citadel Advisors LLC, Nuveen Asset Management LLC and Heitman Real Estate Securities LLC. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, Gene Silverman, 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 $53.41.
How big of a company is Agree Realty?
Agree Realty has a market capitalization of $1.57 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.
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 (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.
