NYSE:ADCAgree Realty Stock Price, Forecast & News

Agree Realty's stock was trading at $72.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ADC stock has decreased by 10.8% and is now trading at $64.69. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 8 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, July 27th 2020. View our earnings forecast for Agree Realty.

Agree Realty Co. (NYSE:ADC) released its earnings results on Monday, April, 20th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks' consensus estimate of $0.80 by $0.34. The real estate investment trust had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.29 million. Agree Realty had a net margin of 41.29% and a return on equity of 5.41%. View Agree Realty's earnings history.

Agree Realty declared a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.60 per share on Friday, July 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, June 25th. This is an increase from Agree Realty's previous quarterly dividend of $0.59. View Agree Realty's dividend history.

8 Wall Street analysts have issued 1-year price targets for Agree Realty's shares. Their forecasts range from $67.00 to $82.00. On average, they anticipate Agree Realty's share price to reach $73.38 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price. View analysts' price targets for Agree Realty.

News coverage about ADC stock has been trending positive recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. 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 2.7 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the near future. View the latest news aboutAgree Realty.

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 Properties of America (RPAI), Getty Realty (GTY), Macerich (MAC), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG). View all competitors.

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), Accenture (ACN), AutoZone (AZO), Hudson Technologies (HDSN), Primo Water (PRMW) and Och-Ziff Capital Management Group (OZM).

Agree Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ADC."

Agree Realty's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.81%), Invesco Ltd. (8.55%), Zimmer Partners LP (5.51%), Citigroup Inc. (4.05%), State Street Corp (3.60%) and Deutsche Bank AG (3.57%). 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, Merrie S Frankel, 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 Morgan Stanley, Morgan Stanley, Cohen & Steers Inc., Balyasny Asset Management LLC, Two Sigma Investments LP, Huntington National Bank, UBS Group AG, and Bank of New York Mellon Corp. View insider buying and selling activity for Agree Realty.

ADC stock was purchased by a variety of institutional investors in the last quarter, including Citigroup Inc., Zimmer Partners LP, APG Asset Management US Inc., Invesco Ltd., Sumitomo Mitsui Trust Holdings Inc., Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, and Nuveen Asset Management 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, Merrie S Frankel, 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 $64.69.

Agree Realty has a market capitalization of $3.23 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.

The official website for Agree Realty is 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]