Agree Realty - ADC Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last twelve months. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ADC shares.
View ADC analyst ratings or view top-rated stocks.

9 equities research analysts have issued twelve-month price targets for Agree Realty's stock. Their ADC share price forecasts range from $73.00 to $83.00. On average, they anticipate the company's share price to reach $78.23 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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Agree Realty's stock was trading at $70.93 on January 1st, 2023. Since then, ADC stock has decreased by 5.2% and is now trading at $67.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ADC earnings forecast.

Agree Realty Co. (NYSE:ADC) announced its earnings results on Tuesday, August, 2nd. The real estate investment trust reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. Agree Realty had a trailing twelve-month return on equity of 4.18% and a net margin of 35.47%. During the same quarter in the previous year, the company posted $0.89 EPS.

Agree Realty announced a monthly dividend on Monday, March 13th. Investors of record on Friday, March 31st will be given a dividend of $0.24 per share on Friday, April 14th. This represents a $2.88 annualized dividend and a yield of 4.28%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for ADC.

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), Virtus Real Asset Income ETF (VRAI), Invesco S&P MidCap Momentum ETF (XMMO) and ProShares Russell 2000 Dividend Growers ETF (SMDV).

Agree Realty (NYSE:ADC) pays an annual dividend of $2.88 per share and currently has a dividend yield of 4.29%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 157.38%. 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 77.21% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ADC.

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.

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).

Agree Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC."

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (6.45%), Deutsche Bank AG (3.76%), Centersquare Investment Management LLC (3.64%), Morgan Stanley (2.83%), Geode Capital Management LLC (2.12%) and Charles Schwab Investment Management Inc. (1.58%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Richard Agree, Simon Leopold and William S Rubenfaer.
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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.
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One share of ADC stock can currently be purchased for approximately $67.22.

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 $1.83 on an earnings per share basis.

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.