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About Agree Realty (NYSE:ADC)
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 December 31, 2017, the Company owned and operated a portfolio of 436 properties, located in 43 states and containing approximately 8.7 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". For additional information, please visit www.agreerealty.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:ADC
CUSIP00849210
Phone248-737-4190
Debt
Debt-to-Equity Ratio0.61
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio18.30
Forward P/E Ratio17.11
P/E Growth3.42
Sales & Book Value
Annual Sales$116.56 million
Price / Sales12.42
Cash Flow$3.1074 per share
Price / Cash16.02
Book Value$31.19 per share
Price / Book1.60
Profitability
EPS (Most Recent Fiscal Year)$2.72
Net Income$58.11 million
Net Margins48.16%
Return on Equity6.97%
Return on Assets4.23%
Miscellaneous
Employees32
Outstanding Shares29,090,000
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 declared a quarterly dividend on Tuesday, May 15th. Shareholders of record on Friday, June 29th will be given a dividend of $0.54 per share on Friday, July 13th. This represents a $2.16 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from Agree Realty's previous quarterly dividend of $0.52. View Agree Realty's Dividend History.
How were Agree Realty's earnings last quarter?
Agree Realty Co. (NYSE:ADC) issued its quarterly earnings results on Monday, April, 23rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.18. The real estate investment trust had revenue of $34.57 million for the quarter, compared to the consensus estimate of $33.45 million. Agree Realty had a return on equity of 6.97% and a net margin of 48.16%. View Agree Realty's Earnings History.
When is Agree Realty's next earnings date?
What price target have analysts set for ADC?
7 brokerages have issued 12-month target prices for Agree Realty's stock. Their predictions range from $51.00 to $58.00. On average, they anticipate Agree Realty's share price to reach $55.1429 in the next year. View Analyst Ratings for Agree Realty.
Who are some of Agree Realty's key competitors?
Some companies that are related to Agree Realty include Hammerson (HMSNF), Starwood Property Trust (STWD), Omega Healthcare Investors (OHI), Howard Hughes (HHC), CubeSmart (CUBE), CyrusOne (CONE), STORE Capital (STOR), American Campus Communities (ACC), NNN Healthcare/Office REIT (HTA), Rayonier (RYN), Medical Properties Trust (MPW), Highwoods Properties (HIW), Hospitality Properites Trust (HPT), Gramercy Property Trust (GPT) and Brixmor Property Group (BRX).
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.
Has Agree Realty been receiving favorable news coverage?
News headlines about ADC stock have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Agree Realty earned a daily sentiment score of 0.04 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 45.47 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Agree Realty's major shareholders?
Agree Realty's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.42%), Principal Financial Group Inc. (4.65%), Northern Trust Corp (3.13%), Uniplan Investment Counsel Inc. (2.21%), Barings LLC (1.86%) and Citadel Advisors LLC (1.67%). Company insiders that own Agree Realty stock include Clayton R Thelen, Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty.
Which major investors are selling Agree Realty stock?
ADC stock was sold by a variety of institutional investors in the last quarter, including Sei Investments Co., Employees Retirement System of Texas, GSA Capital Partners LLP, Crawford Investment Counsel Inc., Advantus Capital Management Inc, Dalton Greiner Hartman Maher & Co., Franklin Resources Inc. and American International Group Inc.. View Insider Buying and Selling for Agree Realty.
Which major investors are buying Agree Realty stock?
ADC stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Millennium Management LLC, Uniplan Investment Counsel Inc., BlackRock Inc., Citadel Advisors LLC, Nuveen Asset Management LLC, CVI Holdings LLC and Wells Fargo & Company MN. Company insiders that have bought Agree Realty stock in the last two years include Clayton R Thelen, 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 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 $49.78.
How big of a company is Agree Realty?
Agree Realty has a market capitalization of $1.45 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.
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 (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.
Agree Realty (NYSE:ADC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Agree Realty in the last 12 months. Their average twelve-month price target is $55.1429, suggesting that the stock has a possible upside of 10.77%. The high price target for ADC is $58.00 and the low price target for ADC is $51.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.86 | 2.88 | 2.78 | 2.64 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $55.1429 | $55.1429 | $54.6250 | $52.50 |
| Price Target Upside: | 10.77% upside | 16.73% upside | 10.85% upside | 6.10% upside |
Agree Realty (NYSE:ADC) Consensus Price Target History
Agree Realty (NYSE:ADC) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Agree Realty (NYSE:ADC) Dividend Information
Agree Realty pays an annual dividend of $2.08 per share, with a dividend yield of 4.18%. ADC's next quarterly dividend payment will be made on Friday, July 13. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 5.60% each year. Agree Realty pays out 76.47% of its earnings out as a dividend.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $2.08 |
| Dividend Yield: | 4.18% |
| Dividend Growth: | 5.60% (3 Year Average) |
| Payout Ratio(s): | 76.47% (Trailing 12 Months of Earnings)
71.48% (Based on This Year's Estimates)
67.10% (Based on Next Year's Estimates)
66.94% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Agree Realty (NYSE:ADC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/15/2018 | quarterly | $0.54 | 4.27% | 6/28/2018 | 6/29/2018 | 7/13/2018 |
| 2/28/2018 | quarterly | $0.52 | 4.42% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/6/2017 | quarterly | $0.52 | 4.26% | 12/19/2017 | 12/20/2017 | 1/3/2018 |
| 9/5/2017 | quarterly | $0.5050 | 4.03% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/22/2017 | quarterly | $0.5050 | 4.45% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/1/2017 | quarterly | $0.4950 | 4.03% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/7/2016 | quarterly | $0.4950 | 4.37% | 12/21/2016 | 12/23/2016 | 1/3/2017 |
| 9/9/2016 | quarterly | $0.48 | 4.08% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/3/2016 | quarterly | $0.48 | 4.79% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/2/2016 | quarterly | $0.4650 | 4.93% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/2/2015 | quarterly | $0.4650 | 5.56% | 12/18/2015 | 12/22/2015 | 1/5/2016 |
| 9/16/2015 | quarterly | $0.4650 | 6.39% | 9/28/2015 | 9/30/2015 | 10/13/2015 |
| 5/5/2015 | quarterly | $0.4650 | 6.09% | 6/26/2015 | 6/30/2015 | 7/14/2015 |
| 3/6/2015 | quarterly | $0.45 | 5.69% | 3/27/2015 | 3/31/2015 | 4/14/2015 |
| 12/2/2014 | quarterly | $0.45 | 5.82% | 12/19/2014 | 12/23/2014 | 1/6/2015 |
| 9/9/2014 | quarterly | $0.43 | 5.95% | 9/26/2014 | 9/30/2014 | 10/14/2014 |
| 6/3/2014 | quarterly | $0.43 | 5.7% | 6/26/2014 | 6/30/2014 | 7/8/2014 |
| 3/4/2014 | quarterly | $0.43 | 5.44% | 3/27/2014 | 3/31/2014 | 4/8/2014 |
| 12/3/2013 | quarterly | $0.41 | 5.77% | 12/18/2013 | 12/20/2013 | 1/3/2014 |
| 9/11/2013 | quarterly | $0.41 | 5.84% | 9/26/2013 | 9/30/2013 | 10/8/2013 |
| 6/4/2013 | quarterly | $0.41 | 5.16% | 6/26/2013 | 6/28/2013 | 7/9/2013 |
| 3/5/2013 | quarterly | $0.41 | 5.75% | 3/26/2013 | 3/29/2013 | 4/9/2013 |
| 12/4/2012 | quarterly | $0.40 | | | 12/17/2012 | 1/2/2013 |
(Data available from 1/1/2013 forward)
Agree Realty (NYSE ADC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.70%
Institutional Ownership Percentage: 96.31%
Agree Realty (NYSE ADC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/1/2018 | John Rakolta Jr | Director | Buy | 12,500 | $47.19 | $589,875.00 | 189,933 |  |
| 12/11/2017 | Clayton R Thelen | CFO | Buy | 1,010 | $49.56 | $50,055.60 | 5,073 | |
| 11/30/2017 | John Rakolta Jr | Director | Buy | 3,300 | $49.67 | $163,911.00 | | |
| 5/17/2017 | Merrie S Frankel | Director | Buy | 100 | $45.12 | $4,512.00 | 252 | |
| 5/16/2017 | William S Rubenfaer | Director | Buy | 2,500 | $44.92 | $112,300.00 | 20,101 | |
| 5/4/2017 | John Rakolta Jr | Director | Buy | 10,000 | $44.82 | $448,200.00 | 169,133 | |
| 5/4/2017 | Richard Agree | Insider | Buy | 25,000 | $44.73 | $1,118,250.00 | 477,016 | |
| 11/14/2016 | Gene Silverman | Director | Buy | 2,000 | $41.10 | $82,200.00 | 26,113 | |
| 10/26/2016 | John Rakolta Jr | Director | Buy | 12,000 | $47.50 | $570,000.00 | 158,484 | |
| 8/24/2015 | Joey Agree | CEO | Buy | 8,400 | $28.96 | $243,264.00 | 295,554 | |
| 8/24/2015 | Richard Agree | Chairman | Buy | 15,000 | $28.78 | $431,700.00 | 431,358 | |
| 8/24/2015 | William S. Rubenfaer | Director | Buy | 4,000 | $28.86 | $115,440.00 | 14,000 | |
| 6/26/2015 | Joey Agree | CEO | Buy | 9,809 | $29.61 | $290,444.49 | | |
| 6/8/2015 | Richard Agree | Chairman | Buy | 10,000 | $29.97 | $299,700.00 | | |
| 6/3/2015 | William S Rubenfaer | Director | Buy | 2,000 | $30.15 | $60,300.00 | | |
| 12/4/2014 | Richard Agree | Chairman | Buy | 25,000 | $29.67 | $741,750.00 | | |
| 12/4/2014 | William S Rubenfaer | Director | Buy | 3,000 | $29.67 | $89,010.00 | | |
| 5/8/2014 | William Rubenfaer | Director | Buy | 1,150 | $29.59 | $34,028.50 | 7,000 | |
| 3/27/2014 | Laith Hermiz | EVP | Sell | 3,305 | $30.25 | $99,976.25 | 27,361 | |
| 12/20/2013 | William Rubenfaer | Director | Buy | 2,000 | $28.16 | $56,320.00 | 5,850 | |
| 11/21/2013 | John Rakolta, Jr. | Director | Buy | 20,000 | $29.80 | $596,000.00 | 145,571 | |
| 3/27/2013 | John Rakolta Jr | Director | Buy | 14,677 | $27.90 | $409,488.30 | | |
| 3/25/2013 | John Rakolta Jr | Director | Buy | 10,894 | $27.89 | $303,833.66 | | |
| 1/15/2013 | John Rakolta Jr | Director | Buy | 50,000 | $27.25 | $1,362,500.00 | | |
(Data available from 1/1/2013 forward)
Agree Realty (NYSE ADC) News Headlines
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Agree Realty (NYSE:ADC) SEC Filings
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Agree Realty (NYSE:ADC) Income Statement, Balance Sheet and Cash Flow Statement
Agree Realty (NYSE ADC) Stock Chart for Monday, May, 21, 2018
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