NYSE:ADC - Agree Realty Stock Price, Forecast & News

Agree Realty's stock was trading at $72.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ADC stock has decreased by 13.1% and is now trading at $63.07. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Agree Realty.

Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast for Agree Realty.

Agree Realty Co. (NYSE:ADC) announced its quarterly earnings data on Monday, October, 21st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.06. The real estate investment trust had revenue of $48.08 million for the quarter, compared to analysts' expectations of $47.28 million. Agree Realty had a return on equity of 5.64% and a net margin of 42.72%. View Agree Realty's earnings history.

Agree Realty declared a quarterly dividend on Tuesday, February 25th. Investors of record on Friday, March 27th will be given a dividend of $0.585 per share on Thursday, April 9th. This represents a $2.34 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, March 26th. View Agree Realty's dividend history.

6 brokerages have issued 12-month target prices for Agree Realty's shares. Their forecasts range from $70.00 to $84.00. On average, they expect Agree Realty's share price to reach $80.33 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for Agree Realty.

Media coverage about ADC stock has been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Agree Realty earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutAgree Realty.

Agree Realty saw a increase in short interest in February. As of February 14th, there was short interest totaling 4,240,000 shares, an increase of 10.1% from the January 30th total of 3,850,000 shares. Based on an average daily trading volume, of 431,800 shares, the days-to-cover ratio is presently 9.8 days. Approximately 10.3% of the shares of the company are sold short. View Agree Realty's Current Options Chain.

Some companies that are related to Agree Realty include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), Retail Properties of America (RPAI), Getty Realty (GTY), Macerich (MAC) and Kite Realty Group Trust (KRG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Apache (APA), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Vicor (VICR), Hudson Technologies (HDSN), Accenture (ACN), AutoZone (AZO) and Primo Water (PRMW).

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 investors include State Street Corp (3.83%), Cohen & Steers Inc. (3.58%), Principal Financial Group Inc. (3.40%), Jefferies Group LLC (3.24%), Nuveen Asset Management LLC (2.26%) and Bank of New York Mellon Corp (2.13%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz, Richard Agree and Simon Leopold. View institutional ownership trends for Agree Realty.

ADC stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., FMR LLC, State Street Corp, PNC Financial Services Group Inc., Securian Asset Management Inc, William Blair Investment Management LLC, Citigroup Inc., and Principal Financial Group Inc.. View insider buying and selling activity for Agree Realty.

ADC stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Credit Suisse AG, Goldman Sachs Group Inc., Norges Bank, Thrivent Financial for Lutherans, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, and UBS Oconnor LLC. Company insiders that have bought Agree Realty stock in the last two years include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Richard Agree, and Simon Leopold. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of ADC stock can currently be purchased for approximately $63.07.

Agree Realty has a market capitalization of $2.87 billion and generates $187.48 million in revenue each year. The real estate investment trust earns $80.08 million in net income (profit) each year or $3.08 on an earnings per share basis. Agree Realty employs 36 workers across the globe. View additional information about Agree Realty.

The official website for Agree Realty is http://www.agreerealty.com/.

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]