About Agree Realty (NYSE:ADC)
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 Ratio0.57%
Current Ratio2.15%
Quick Ratio2.15%
Price-To-Earnings
Trailing P/E Ratio17.62
Forward P/E Ratio16.47
P/E Growth3.31
Sales & Book Value
Annual Sales$116.56 million
Price / Sales11.96
Cash Flow$3.0976 per share
Price / Cash15.47
Book Value$31.19 per share
Price / Book1.54
Profitability
EPS (Most Recent Fiscal Year)$2.72
Net Income$58.11 million
Net Margins49.86%
Return on Equity7.22%
Return on Assets4.38%
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 Wednesday, February 28th. Investors of record on Friday, March 30th will be paid a dividend of $0.52 per share on Friday, April 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Wednesday, March 28th. View Agree Realty's Dividend History.
How were Agree Realty's earnings last quarter?
Agree Realty Co. (NYSE:ADC) announced its quarterly earnings data on Monday, April, 23rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by $0.18. The real estate investment trust earned $34.57 million during the quarter, compared to analysts' expectations of $33.45 million. Agree Realty had a return on equity of 7.22% and a net margin of 49.86%. View Agree Realty's Earnings History.
When is Agree Realty's next earnings date?
What price target have analysts set for ADC?
8 Wall Street analysts have issued 1 year target prices for Agree Realty's shares. Their forecasts range from $51.00 to $58.00. On average, they expect Agree Realty's share price to reach $55.1429 in the next year. View Analyst Ratings for Agree Realty.
Are investors shorting Agree Realty?
Agree Realty saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 4,086,558 shares, an increase of 274.1% from the March 15th total of 1,092,318 shares. Based on an average daily volume of 350,342 shares, the days-to-cover ratio is presently 11.7 days. Approximately 13.7% of the company's shares are sold short.
Who are some of Agree Realty's key competitors?
Some companies that are related to Agree Realty include New Residential Inv (NRZ), Starwood Property Trust (STWD), DCT Industrial Trust (DCT), Lamar Advertising (LAMR), American Campus Communities (ACC), Omega Healthcare (OHI), Healthcare Trust Of America (HTA), CubeSmart (CUBE), CyrusOne (CONE), STORE Capital (STOR), Rayonier (RYN), Medical Properties Trust (MPW), Highwoods Properties (HIW), Brixmor Property Group (BRX) and Apple Hospitality REIT (APLE).
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 recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Agree Realty earned a media sentiment score of 0.21 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 43.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Agree Realty's major shareholders?
Agree Realty's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
FMR LLC
(1.51%) and
FMR LLC
(1.51%). 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.
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 $47.92.
How big of a company is Agree Realty?
Agree Realty has a market capitalization of $1.40 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.
Agree Realty (NYSE:ADC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Agree Realty in the last 12 months. Their average twelve-month price target is $55.1429, suggesting that the stock has a possible upside of 15.07%. The high price target for ADC is $58.00 and the low price target for ADC is $51.00. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.88 | 2.88 | 2.78 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $55.1429 | $55.1429 | $54.6250 | $51.7143 |
| Price Target Upside: | 15.07% upside | 16.73% upside | 10.85% upside | 5.41% upside |
Agree Realty (NYSE:ADC) Consensus Price Target History
Agree Realty (NYSE:ADC) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Agree Realty (NYSE:ADC) Dividend Information
Agree Realty pays an annual dividend of $2.08 per share, with a dividend yield of 4.34%. ADC's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 5.60% each year. Agree Realty pays out 76.47% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $2.08 |
| Dividend Yield: | 4.34% |
| Dividend Growth: | 5.60% (3 Year Average) |
| Payout Ratio: | 76.47% (Trailing 12 Months of Earnings)
71.48% (Based on This Year's Estimates)
66.88% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Agree Realty (NYSE:ADC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/28/2018 | quarterly | $0.52 | 4.42% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/6/2017 | quarterly | $0.52 | 4.26% | 12/19/2017 | 12/20/2017 | 1/3/2018 |
| 9/5/2017 | quarterly | $0.5050 | 4.03% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/22/2017 | quarterly | $0.5050 | 4.45% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/1/2017 | quarterly | $0.4950 | 4.03% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/7/2016 | quarterly | $0.4950 | 4.37% | 12/21/2016 | 12/23/2016 | 1/3/2017 |
| 9/9/2016 | quarterly | $0.48 | 4.08% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/3/2016 | quarterly | $0.48 | 4.79% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/2/2016 | quarterly | $0.4650 | 4.93% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/2/2015 | quarterly | $0.4650 | 5.56% | 12/18/2015 | 12/22/2015 | 1/5/2016 |
| 9/16/2015 | quarterly | $0.4650 | 6.39% | 9/28/2015 | 9/30/2015 | 10/13/2015 |
| 5/5/2015 | quarterly | $0.4650 | 6.09% | 6/26/2015 | 6/30/2015 | 7/14/2015 |
| 3/6/2015 | quarterly | $0.45 | 5.69% | 3/27/2015 | 3/31/2015 | 4/14/2015 |
| 12/2/2014 | quarterly | $0.45 | 5.82% | 12/19/2014 | 12/23/2014 | 1/6/2015 |
| 9/9/2014 | quarterly | $0.43 | 5.95% | 9/26/2014 | 9/30/2014 | 10/14/2014 |
| 6/3/2014 | quarterly | $0.43 | 5.7% | 6/26/2014 | 6/30/2014 | 7/8/2014 |
| 3/4/2014 | quarterly | $0.43 | 5.44% | 3/27/2014 | 3/31/2014 | 4/8/2014 |
| 12/3/2013 | quarterly | $0.41 | 5.77% | 12/18/2013 | 12/20/2013 | 1/3/2014 |
| 9/11/2013 | quarterly | $0.41 | 5.84% | 9/26/2013 | 9/30/2013 | 10/8/2013 |
| 6/4/2013 | quarterly | $0.41 | 5.16% | 6/26/2013 | 6/28/2013 | 7/9/2013 |
| 3/5/2013 | quarterly | $0.41 | 5.75% | 3/26/2013 | 3/29/2013 | 4/9/2013 |
| 12/4/2012 | quarterly | $0.40 | | | 12/17/2012 | 1/2/2013 |
(Data available from 1/1/2013 forward)
Agree Realty (NYSE ADC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.70%
Institutional Ownership Percentage: 96.33%
Agree Realty (NYSE ADC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/1/2018 | John Rakolta Jr | Director | Buy | 12,500 | $47.19 | $589,875.00 | 189,933 |  |
| 12/11/2017 | Clayton R Thelen | CFO | Buy | 1,010 | $49.56 | $50,055.60 | 5,073 | |
| 11/30/2017 | John Rakolta Jr | Director | Buy | 3,300 | $49.67 | $163,911.00 | | |
| 5/17/2017 | Merrie S Frankel | Director | Buy | 100 | $45.12 | $4,512.00 | 252 | |
| 5/16/2017 | William S Rubenfaer | Director | Buy | 2,500 | $44.92 | $112,300.00 | 20,101 | |
| 5/4/2017 | John Rakolta Jr | Director | Buy | 10,000 | $44.82 | $448,200.00 | 169,133 | |
| 5/4/2017 | Richard Agree | Insider | Buy | 25,000 | $44.73 | $1,118,250.00 | 477,016 | |
| 11/14/2016 | Gene Silverman | Director | Buy | 2,000 | $41.10 | $82,200.00 | 26,113 | |
| 10/26/2016 | John Rakolta Jr | Director | Buy | 12,000 | $47.50 | $570,000.00 | 158,484 | |
| 8/24/2015 | Joey Agree | CEO | Buy | 8,400 | $28.96 | $243,264.00 | 295,554 | |
| 8/24/2015 | Richard Agree | Chairman | Buy | 15,000 | $28.78 | $431,700.00 | 431,358 | |
| 8/24/2015 | William S. Rubenfaer | Director | Buy | 4,000 | $28.86 | $115,440.00 | 14,000 | |
| 6/26/2015 | Joey Agree | CEO | Buy | 9,809 | $29.61 | $290,444.49 | | |
| 6/8/2015 | Richard Agree | Chairman | Buy | 10,000 | $29.97 | $299,700.00 | | |
| 6/3/2015 | William S Rubenfaer | Director | Buy | 2,000 | $30.15 | $60,300.00 | | |
| 12/4/2014 | Richard Agree | Chairman | Buy | 25,000 | $29.67 | $741,750.00 | | |
| 12/4/2014 | William S Rubenfaer | Director | Buy | 3,000 | $29.67 | $89,010.00 | | |
| 5/8/2014 | William Rubenfaer | Director | Buy | 1,150 | $29.59 | $34,028.50 | 7,000 | |
| 3/27/2014 | Laith Hermiz | EVP | Sell | 3,305 | $30.25 | $99,976.25 | 27,361 | |
| 12/20/2013 | William Rubenfaer | Director | Buy | 2,000 | $28.16 | $56,320.00 | 5,850 | |
| 11/21/2013 | John Rakolta, Jr. | Director | Buy | 20,000 | $29.80 | $596,000.00 | 145,571 | |
| 3/27/2013 | John Rakolta Jr | Director | Buy | 14,677 | $27.90 | $409,488.30 | | |
| 3/25/2013 | John Rakolta Jr | Director | Buy | 10,894 | $27.89 | $303,833.66 | | |
| 1/15/2013 | John Rakolta Jr | Director | Buy | 50,000 | $27.25 | $1,362,500.00 | | |
(Data available from 1/1/2013 forward)
Agree Realty (NYSE ADC) News Headlines
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Agree Realty (NYSE:ADC) SEC Filings
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Agree Realty (NYSE:ADC) Income Statement, Balance Sheet and Cash Flow Statement
Agree Realty (NYSE ADC) Stock Chart for Tuesday, April, 24, 2018
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