Agree Realty Company Profile (NYSE:ADC)

About Agree Realty (NYSE:ADC)

Agree Realty logoAgree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA). As of December 31, 2016, its portfolio included 363 net lease properties, which contributed approximately 98.1% of annualized base rent, and three community shopping centers. The Company's business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort.

Industry, Sector and Symbol:
  • Sector: Financials
  • Industry: Retail REITs
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:ADC
  • CUSIP: 00849210
  • Web:
  • Market Cap: $1.42383 billion
  • Outstanding Shares: 28,407,000
Average Prices:
  • 50 Day Moving Avg: $49.69
  • 200 Day Moving Avg: $47.99
  • 52 Week Range: $41.01 - $51.50
  • Trailing P/E Ratio: 22.37
  • Foreward P/E Ratio: 17.03
  • P/E Growth: -28.53
Sales & Book Value:
  • Annual Revenue: $104.1 million
  • Price / Sales: 13.57
  • Book Value: $27.93 per share
  • Price / Book: 1.78
  • Annual Dividend: $2.02
  • Dividend Yield: 4.1%
  • EBIDTA: $84.76 million
  • Net Margins: 53.66%
  • Return on Equity: 8.07%
  • Return on Assets: 4.94%
  • Debt-to-Equity Ratio: 0.54%
  • Current Ratio: 0.80%
  • Quick Ratio: 0.80%
  • Average Volume: 215,319 shs.
  • Beta: 0.58
  • Short Ratio: 1.45

Frequently Asked Questions for Agree Realty (NYSE:ADC)

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 Tuesday, September 5th. Investors of record on Friday, September 29th will be given a dividend of $0.505 per share on Friday, October 13th. This represents a $2.02 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, September 28th. View Agree Realty's Dividend History.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) announced its earnings results on Monday, July, 24th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.39 by $0.17. The business earned $28.10 million during the quarter, compared to the consensus estimate of $27.66 million. Agree Realty had a net margin of 53.66% and a return on equity of 8.07%. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. View Agree Realty's Earnings History.

When will Agree Realty make its next earnings announcement?

Agree Realty is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Agree Realty.

Where is Agree Realty's stock going? Where will Agree Realty's stock price be in 2017?

10 brokerages have issued 1-year target prices for Agree Realty's shares. Their predictions range from $46.00 to $58.00. On average, they anticipate Agree Realty's share price to reach $51.88 in the next year. View Analyst Ratings for Agree Realty.

What are analysts saying about Agree Realty stock?

Here are some recent quotes from research analysts about Agree Realty stock:

  • 1. According to Zacks Investment Research, "Agree Realty Corp. is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases. " (8/1/2017)
  • 2. Jefferies Group LLC analysts commented, "Given prospects of interest rates rising faster in 2017 than our previous expectations, and the associated negative impact on triple-net retail stocks, we are downgrading ADC to Hold from Buy and lowering our PT to $49 from $53. That said, we think ADC is still well positioned relative to its peers heading into 2017, and our new PT still implies an 8% total return over the NTM. Cautious on Triple-Net Retail in 2017. We are cautious on the sector in 2017 given potentially accelerating economic growth driving a rising rate environment with the Fed dot plot projecting three interest rate increases in 2017. Triple-Net stocks tend to underperform in a rising rate environment given the long-term nature of their leases provide a more bond- like income stream. Further, as funding costs rise, cap rates tend not to adjust as quickly, so net investment spreads tend to compress and slow acquisition volume and FFO/sh growth." (1/5/2017)

Who are some of Agree Realty's key competitors?

Who are Agree Realty's key executives?

Agree Realty's management team includes the folowing people:

  • Richard Agree, Executive Chairman of the Board
  • Joey Agree, President, Chief Executive Officer, Director
  • Matthew Morris Partridge, Chief Financial Officer, Executive Vice President, Secretary
  • Laith M. Hermiz, Chief Operating Officer, Executive Vice President
  • Merrie S. Frankel, Independent Director
  • Farris G. Kalil, Independent Director
  • John Rakolta Jr., Independent Director
  • Jerome R. Rossi, Independent Director
  • William S. Rubenfaer, Independent Director

Who owns Agree Realty stock?

Agree Realty's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.53%), Vanguard Group Inc. (12.37%), Principal Financial Group Inc. (3.30%), Northern Trust Corp (2.95%), State Street Corp (2.67%) and Bank of New York Mellon Corp (2.50%). Company insiders that own Agree Realty stock include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.

Who sold Agree Realty stock? Who is selling Agree Realty stock?

Agree Realty's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Robeco Institutional Asset Management B.V., Westpac Banking Corp, Dalton Greiner Hartman Maher & Co., Parametric Portfolio Associates LLC, California Public Employees Retirement System and Strs Ohio. View Insider Buying and Selling for Agree Realty.

Who bought Agree Realty stock? Who is buying Agree Realty stock?

Agree Realty's stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Vanguard Group Inc., Franklin Resources Inc., Teachers Advisors LLC, BlackRock Inc., Northpointe Capital LLC, Kennedy Capital Management Inc. and Citadel Advisors LLC. Company insiders that have bought Agree Realty stock in the last two years include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Insider Buying and Selling for Agree Realty.

How do I buy Agree Realty stock?

Shares of Agree Realty can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Agree Realty's stock price today?

One share of Agree Realty stock can currently be purchased for approximately $49.72.

MarketBeat Community Rating for Agree Realty (NYSE ADC)
Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  187 (Vote Outperform)
Underperform Votes:  112 (Vote Underperform)
Total Votes:  299
MarketBeat's community ratings are surveys of what our community members think about Agree Realty and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Agree Realty (NYSE:ADC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $51.88 (4.33% upside)

Analysts' Ratings History for Agree Realty (NYSE:ADC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/18/2017FBR & CoReiterated RatingBuy$56.00 -> $58.00LowView Rating Details
8/22/2017Stifel NicolausReiterated RatingBuy$54.00LowView Rating Details
7/24/2017Canaccord GenuityReiterated RatingBuy$53.00HighView Rating Details
5/26/2017Jefferies Group LLCReiterated RatingHold$50.00LowView Rating Details
5/20/2017Raymond James Financial, Inc.Reiterated RatingBuyLowView Rating Details
2/27/2017WunderlichDowngradeBuy -> Hold$49.00 -> $51.00N/AView Rating Details
1/26/2017Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
12/22/2016Citigroup Inc.Initiated CoverageNeutral$46.00N/AView Rating Details
12/16/2016SunTrust Banks, Inc.Initiated CoverageBuy$50.00N/AView Rating Details
10/18/2016Janney Montgomery ScottReiterated RatingBuy$53.00N/AView Rating Details
10/28/2015Compass PointReiterated RatingBuy$34.00 -> $36.00N/AView Rating Details
(Data available from 9/24/2015 forward)


Earnings History for Agree Realty (NYSE:ADC)
Earnings by Quarter for Agree Realty (NYSE:ADC)
Earnings History by Quarter for Agree Realty (NYSE ADC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/23/2017$0.40N/AView Earnings Details
7/24/20176/30/2017$0.39$0.56$27.66 million$28.10 millionViewN/AView Earnings Details
4/24/2017Q1 2017$0.65$0.65$26.11 million$26.56 millionViewN/AView Earnings Details
2/23/2017Q416$0.38$0.64$24.68 million$25.30 millionViewN/AView Earnings Details
10/24/2016Q316$0.64$0.68$24.21 million$22.30 millionViewN/AView Earnings Details
7/25/2016Q216$0.61$0.61$21.27 million$21.84 millionViewN/AView Earnings Details
4/25/2016Q116$0.61$0.61$20.15 million$20.20 millionViewN/AView Earnings Details
3/3/2016Q4$0.60$0.60$18.64 million$19.15 millionViewN/AView Earnings Details
10/26/2015Q315$0.61$0.60$18.08 million$16.70 millionViewListenView Earnings Details
7/27/2015Q215$0.60$0.62$16.90 million$16.10 millionViewListenView Earnings Details
4/27/2015Q414$0.57$0.57$15.64 million$15.70 millionViewN/AView Earnings Details
2/23/2015Q314$0.60$0.58$14.20 million$13.48 millionViewN/AView Earnings Details
2/24/2014Q4 13$0.55$0.56$12.15 million$11.70 millionViewN/AView Earnings Details
10/28/2013Q313$0.55$0.55$11.24 million$11.60 millionViewN/AView Earnings Details
7/29/2013Q213$0.51$0.51$10.56 millionViewN/AView Earnings Details
4/29/2013Q113$0.50$0.49$10.05 million$10.25 millionViewN/AView Earnings Details
2/27/2013Q412$0.51$0.52$9.27 million$9.58 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Agree Realty (NYSE:ADC)
2017 EPS Consensus Estimate: $2.70
2018 EPS Consensus Estimate: $2.95
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.64$0.64$0.64
Q2 20172$0.67$0.68$0.68
Q3 20172$0.68$0.69$0.69
Q4 20173$0.69$0.72$0.70
Q1 20182$0.71$0.73$0.72
Q2 20182$0.71$0.74$0.73
Q3 20182$0.75$0.75$0.75
Q4 20182$0.75$0.76$0.76
(Data provided by Zacks Investment Research)


Current Dividend Information for Agree Realty (NYSE:ADC)
Next Dividend:10/13/2017
Annual Dividend:$2.02
Dividend Yield:4.06%
Dividend Growth:-4.40% (3 Year Average)
Payout Ratio:90.58% (Trailing 12 Months of Earnings)
74.54% (Based on This Year's Estimates)
69.18% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Agree Realty (NYSE:ADC)

Dividend History by Quarter for Agree Realty (NYSE ADC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Agree Realty (NYSE:ADC)
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 85.31%
Insider Trades by Quarter for Agree Realty (NYSE:ADC)
Institutional Ownership by Quarter for Agree Realty (NYSE:ADC)
Insider Trades by Quarter for Agree Realty (NYSE:ADC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Merrie S FrankelDirectorBuy100$45.12$4,512.00View SEC Filing  
5/16/2017William S RubenfaerDirectorBuy2,500$44.92$112,300.00View SEC Filing  
5/4/2017John Rakolta JrDirectorBuy10,000$44.82$448,200.00View SEC Filing  
5/4/2017Richard AgreeInsiderBuy25,000$44.73$1,118,250.00View SEC Filing  
11/14/2016Gene SilvermanDirectorBuy2,000$41.10$82,200.00View SEC Filing  
10/26/2016John Rakolta JrDirectorBuy12,000$47.50$570,000.00View SEC Filing  
8/24/2015Joey AgreeCEOBuy8,400$28.96$243,264.00View SEC Filing  
8/24/2015Richard AgreeChairmanBuy15,000$28.78$431,700.00View SEC Filing  
8/24/2015William S. RubenfaerDirectorBuy4,000$28.86$115,440.00View SEC Filing  
6/26/2015Joey AgreeCEOBuy9,809$29.61$290,444.49View SEC Filing  
6/8/2015Richard AgreeChairmanBuy10,000$29.97$299,700.00View SEC Filing  
6/3/2015William S RubenfaerDirectorBuy2,000$30.15$60,300.00View SEC Filing  
12/4/2014Richard AgreeChairmanBuy25,000$29.67$741,750.00View SEC Filing  
12/4/2014William S RubenfaerDirectorBuy3,000$29.67$89,010.00View SEC Filing  
5/8/2014William RubenfaerDirectorBuy1,150$29.59$34,028.50View SEC Filing  
3/27/2014Laith HermizEVPSell3,305$30.25$99,976.25View SEC Filing  
12/20/2013William RubenfaerDirectorBuy2,000$28.16$56,320.00View SEC Filing  
11/21/2013John Rakolta, Jr.DirectorBuy20,000$29.80$596,000.00View SEC Filing  
3/27/2013John Rakolta JrDirectorBuy14,677$27.90$409,488.30View SEC Filing  
3/25/2013John Rakolta JrDirectorBuy10,894$27.89$303,833.66View SEC Filing  
1/15/2013John Rakolta JrDirectorBuy50,000$27.25$1,362,500.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Agree Realty (NYSE:ADC)
Latest Headlines for Agree Realty (NYSE:ADC)
DateHeadline logoHead to Head Survey: Agree Realty Corporation (ADC) and Rouse Properties (RSE) - September 24 at 2:48 PM logoAgree Realty Corporation (ADC) & Its Competitors Financial Contrast - September 22 at 4:26 PM logoAgree Realty Completes $100 Million Private Placement Of Senior Unsecured Notes - PR Newswire (press release) - September 20 at 8:28 PM logoAgree Realty Completes $100 Million Private Placement Of Senior Unsecured Notes - September 20 at 8:28 PM logoAgree Realty Corporation (ADC) Receives Buy Rating from FBR & Co - September 18 at 10:16 PM logoAgree Realty Corporation (ADC) Expected to Announce Earnings of $0.69 Per Share - September 18 at 4:24 AM logoAgree Realty Corporation (ADC) Presents At Wells Fargo 6th Annual Net Lease REIT Forum - Slideshow - September 12 at 3:41 PM logoFinancial Contrast: Acadia Realty Trust (AKR) versus Agree Realty Corporation (ADC) - September 10 at 8:24 PM logoAgree Realty Declares Quarterly Cash Dividend - PR Newswire (press release) - September 7 at 3:25 PM logoAgree Realty Declares Quarterly Cash Dividend - PR Newswire (press release) - September 7 at 3:25 PM logoAgree Realty Corporation (ADC) Receives Consensus Recommendation of "Buy" from Analysts - September 6 at 11:01 AM logoAgree Realty Corporation (ADC) Announces Quarterly Dividend of $0.51 - September 5 at 4:38 PM logoZacks: Brokerages Expect Agree Realty Corporation (ADC) Will Announce Quarterly Sales of $29.10 Million - September 1 at 4:38 AM logo$0.69 Earnings Per Share Expected for Agree Realty Co. (ADC) This Quarter - August 30 at 4:24 PM logoComparing Agree Realty Corporation (ADC) and Urban Edge Properties (UE) - August 30 at 2:16 AM logoStifel Nicolaus Reiterates "Buy" Rating for Agree Realty Corporation (ADC) - August 22 at 8:30 AM logo$29.10 Million in Sales Expected for Agree Realty Corporation (ADC) This Quarter - August 14 at 8:37 AM logoAgree Realty Corporation (NYSE:ADC) Given Average Recommendation of "Buy" by Analysts - August 12 at 12:28 PM logo$0.69 Earnings Per Share Expected for Agree Realty Corporation (NYSE:ADC) This Quarter - August 12 at 6:14 AM logoIHS Markit Score downgrades Agree Realty Corp to 40 out of 100, ranking positively in two out of three available IHS Markit categories. - August 10 at 4:57 PM logoSee what the IHS Markit Score report has to say about Agree Realty Corp. - August 9 at 8:46 PM logoQ3 2017 EPS Estimates for Agree Realty Corporation (NYSE:ADC) Cut by SunTrust Banks - August 3 at 8:48 AM logoSunTrust Banks Comments on Agree Realty Corporation's FY2017 Earnings (ADC) - August 2 at 10:52 AM logoAgree Realty Corporation (NYSE:ADC) Upgraded by Zacks Investment Research to "Hold" - August 1 at 10:28 PM logoEarnings Review and Free Research Report: Agree Realty’s Quarterly Revenue Surged 29%; AFFO Soared 30.1% - August 1 at 4:02 PM logoAgree Realty's (ADC) CEO Joey Agree on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha - July 27 at 1:29 AM logoEdited Transcript of ADC earnings conference call or presentation 25-Jul-17 1:00pm GMT - July 26 at 3:27 PM logoAgree Realty Corporation to Post FY2017 Earnings of $2.69 Per Share, FBR & Co Forecasts (ADC) - July 26 at 12:01 PM logo$28.10 Million in Sales Expected for Agree Realty Corporation (ADC) This Quarter - July 26 at 9:56 AM logoInvestor Network: Agree Realty Corporation to Host Earnings Call - July 25 at 3:23 PM logoAgree Realty Corporation Reports Second Quarter 2017 Results - PR Newswire (press release) - July 24 at 11:58 PM logoETFs with exposure to Agree Realty Corp. : July 24, 2017 - July 24 at 6:53 PM logoAgree Realty Corporation Reports Second Quarter 2017 Results - July 24 at 6:53 PM logoAgree Realty reports 2Q results - July 24 at 6:53 PM logoAgree Realty Corporation (NYSE:ADC) Issues Earnings Results, Beats Estimates By $0.28 EPS - July 24 at 5:25 PM logoAgree Realty Corporation (ADC) Upgraded at BidaskClub - July 23 at 8:52 PM logoAgree Realty Corporation (ADC) Given Average Rating of "Hold" by Analysts - July 18 at 12:13 PM logoCanaccord Genuity Initiates Coverage on Agree Realty Corporation (NYSE:ADC) - July 18 at 10:48 AM logoFY2017 EPS Estimates for Agree Realty Corporation Raised by Jefferies Group (NYSE:ADC) - July 17 at 10:14 AM logoAgree Realty Corporation (NYSE:ADC) Set to Announce Earnings on Monday - July 17 at 8:22 AM logoETFs with exposure to Agree Realty Corp. : July 14, 2017 - July 14 at 5:19 PM logoAgree Realty Corp. breached its 50 day moving average in a Bullish Manner : ADC-US : July 13, 2017 - July 13 at 3:55 PM logoAgree Realty Announces Resignation of Chief Financial Officer Matthew Partridge, Appointment of Kenneth Howe as Interim Chief Financial Officer and Search for Permanent Successor - July 7 at 5:03 PM logo$27.16 Million in Sales Expected for Agree Realty Corporation (ADC) This Quarter - June 30 at 11:56 AM logoAgree Realty Corporation (ADC) Expected to Post Earnings of $0.67 Per Share - June 28 at 8:14 PM logoAgree Realty Announces Second Quarter 2017 Earnings Release Date and Conference Call Information - June 27 at 8:26 PM logoAgree Realty Corp. breached its 50 day moving average in a Bearish Manner : ADC-US : June 23, 2017 - June 23 at 3:52 PM logoAgree Realty Corporation (ADC) Given Average Rating of "Hold" by Brokerages - June 23 at 9:02 AM logoZacks Investment Research Lowers Agree Realty Corporation (ADC) to Sell - June 16 at 9:22 PM logoAgree Realty Corporation Announces Exercise Of Underwriters' Overallotment Option And Subsequent Closing Of Public Offering Of Common Stock - June 16 at 8:42 PM



Agree Realty (ADC) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by Staff