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 June 30, 2018, the Company owned and operated a portfolio of 481 properties, located in 44 states and containing approximately 9.3 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".
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Current SymbolNYSE:ADC
Previous Symbol
CUSIP00849210
Phone248-737-4190
Debt
Debt-to-Equity Ratio0.58
Current Ratio1.09
Quick Ratio1.09
Price-To-Earnings
Trailing P/E Ratio21.43
Forward P/E Ratio20.39
P/E Growth4.09
Sales & Book Value
Annual Sales$116.56 million
Price / Sales17.31
Cash Flow$3.1001 per share
Price / Cash18.88
Book Value$31.19 per share
Price / Book1.88
Profitability
EPS (Most Recent Fiscal Year)$2.72
Net Income$58.11 million
Net Margins44.17%
Return on Equity6.46%
Return on Assets3.85%
Miscellaneous
Employees32
Outstanding Shares34,480,000
Market Cap$2.02 billion
OptionableOptionable
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 announced a quarterly dividend on Wednesday, September 5th. Investors of record on Friday, September 28th will be paid a dividend of $0.54 per share on Friday, October 12th. This represents a $2.16 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, September 27th. View Agree Realty's Dividend History.
How were Agree Realty's earnings last quarter?
Agree Realty Co. (NYSE:ADC) posted its quarterly earnings data on Monday, October, 22nd. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The real estate investment trust had revenue of $37.31 million for the quarter, compared to the consensus estimate of $36.97 million. Agree Realty had a return on equity of 6.46% and a net margin of 44.17%. View Agree Realty's Earnings History.
When is Agree Realty's next earnings date?
What price target have analysts set for ADC?
6 brokerages have issued 1 year target prices for Agree Realty's stock. Their forecasts range from $55.00 to $63.00. On average, they anticipate Agree Realty's stock price to reach $58.00 in the next year. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets for Agree Realty.
What is the consensus analysts' recommendation for Agree Realty?
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.
Has Agree Realty been receiving favorable news coverage?
News stories about ADC stock have trended neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Agree Realty earned a news impact score of 0.3 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Agree Realty's key competitors?
Some companies that are related to Agree Realty include SL Green Realty (SLG), VICI Properties (VICI), National Retail Properties (NNN), Lamar Advertising (LAMR), Vereit (VER), Gaming and Leisure Properties (GLPI), Apartment Investment and Management (AIV), Omega Healthcare Investors (OHI), Kilroy Realty (KRC), Macerich (MAC), Kimco Realty (KIM), Liberty Property Trust (LPT), Store Capital (STOR), Starwood Property Trust (STWD) and Douglas Emmett (DEI).
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.
Who are Agree Realty's major shareholders?
Agree Realty's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.07%), Cohen & Steers Inc. (12.29%), Deutsche Bank AG (4.84%), Bank of New York Mellon Corp (2.57%), Barings LLC (1.80%) and American Century Companies Inc. (1.80%). Company insiders that own Agree Realty stock include Clayton R Thelen, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.
Which institutional investors are selling Agree Realty stock?
ADC stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Uniplan Investment Counsel Inc., AQR Capital Management LLC, Renaissance Technologies LLC, Advisors Asset Management Inc., AMP Capital Investors Ltd, FMR LLC and Citadel Advisors LLC. View Insider Buying and Selling for Agree Realty.
Which institutional investors are buying Agree Realty stock?
ADC stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., BlackRock Inc., American Century Companies Inc., Monashee Investment Management LLC, Barings LLC and Bank of New York Mellon Corp. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, John Rakolta Jr, 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 $58.32.
How big of a company is Agree Realty?
Agree Realty has a market capitalization of $2.02 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.
What is Agree Realty's official website?
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 (NYSE 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.
