Agree Realty - ADC Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ADC shares.
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11 equities research analysts have issued 1 year target prices for Agree Realty's stock. Their ADC share price forecasts range from $69.00 to $85.00. On average, they anticipate the company's share price to reach $78.77 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
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Agree Realty's stock was trading at $71.36 on January 1st, 2022. Since then, ADC shares have increased by 8.6% and is now trading at $77.47.
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Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our ADC earnings forecast.

Agree Realty Co. (NYSE:ADC) released its quarterly earnings results on Tuesday, August, 2nd. The real estate investment trust reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Agree Realty had a trailing twelve-month return on equity of 4.38% and a net margin of 37.13%. During the same quarter in the previous year, the firm posted $0.89 EPS.

Agree Realty declared a monthly dividend on Wednesday, July 13th. Shareholders of record on Friday, July 29th will be given a dividend of $0.234 per share on Friday, August 12th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for ADC.

Agree Realty (NYSE:ADC) pays an annual dividend of $2.81 per share and currently has a dividend yield of 3.66%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 148.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADC will have a dividend payout ratio of 69.21% next year. This indicates that the company will be able to sustain or increase its 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), APA (APA), 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 institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (1.40%), Frontier Capital Management Co. LLC (1.03%), Sumitomo Mitsui Trust Holdings Inc. (1.02%), Aew Capital Management L P (0.78%), Scout Investments Inc. (0.58%) and State of New Jersey Common Pension Fund D (0.56%). 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 $77.47.

Agree Realty (NYSE:ADC) has a market capitalization of $6.18 billion and generates $339.32 million in revenue each year. The real estate investment trust earns $122.27 million in net income (profit) each year or $1.89 on an earnings per share basis.

Agree Realty employs 57 workers across the globe.

Agree Realty was founded in 1971.

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.