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Agree Realty - ADC Stock Forecast, Price & News

$79.31
-0.06 (-0.08%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$78.78
$79.60
50-Day Range
$67.00
$80.35
52-Week Range
$61.62
$80.44
Volume
440,788 shs
Average Volume
684,629 shs
Market Capitalization
$6.33 billion
P/E Ratio
41.96
Dividend Yield
3.54%
Price Target
$79.23

Agree Realty MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
0.1% Downside
$79.23 Price Target
Short Interest
Bearish
11.85% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Agree Realty in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.38%
From $3.88 to $4.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

739th out of 896 stocks

Real Estate Investment Trusts Industry

149th out of 194 stocks

ADC stock logo

About Agree Realty (NYSE:ADC) Stock

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 September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

Agree Realty Stock Down 0.7 %

ADC traded down $0.57 during trading hours on Friday, reaching $79.37. 324,286 shares of the stock traded hands, compared to its average volume of 544,985. Agree Realty has a fifty-two week low of $61.62 and a fifty-two week high of $80.44. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.98 and a quick ratio of 0.98. The firm's fifty day simple moving average is $74.63 and its two-hundred day simple moving average is $69.46.

Agree Realty (NYSE:ADC - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting analysts' consensus estimates of $0.45. Agree Realty had a net margin of 37.13% and a return on equity of 4.38%. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, analysts forecast that Agree Realty will post 3.88 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st will be paid a $0.234 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.54%. Agree Realty's dividend payout ratio (DPR) is presently 148.68%.

Analyst Ratings Changes

Several research firms recently weighed in on ADC. StockNews.com upgraded Agree Realty from a "sell" rating to a "hold" rating in a research report on Friday, August 12th. Citigroup increased their price objective on shares of Agree Realty to $80.00 in a report on Monday. Jefferies Financial Group upped their price target on shares of Agree Realty from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, June 30th. Royal Bank of Canada upped their price objective on Agree Realty from $76.00 to $83.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Finally, JMP Securities boosted their price target on Agree Realty from $81.00 to $82.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Agree Realty currently has a consensus rating of "Moderate Buy" and an average price target of $79.23.

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ADC Stock News Headlines

Agree Realty Reaches Analyst Target Price
Upcoming Dividend Run For ADC?
StockNews.com Upgrades Agree Realty (NYSE:ADC) to Hold
Worried About a Recession? These 3 REITs Aren't.
Agree Realty (NYSE:ADC) Downgraded by StockNews.com
Agree Realty (NYSE:ADC) Price Target Raised to $83.00
Agree Realty (NYSE:ADC) Sets New 1-Year High on Analyst Upgrade
Expert Ratings for Agree Realty
I Own Agree Realty And Sleep Like A Baby
See More Headlines
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ADC Company Calendar

Ex-Dividend for 8/12 Dividend
7/28/2022
Last Earnings
8/02/2022
Dividend Payable
8/12/2022
Today
8/19/2022
Ex-Dividend for 9/14 Dividend
8/30/2022
Dividend Payable
9/14/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
00849210
Employees
57
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$79.23
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
-0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$122.27 million
Pretax Margin
37.30%

Debt

Sales & Book Value

Annual Sales
$339.32 million
Cash Flow
$3.48 per share
Book Value
$47.59 per share

Miscellaneous

Free Float
78,077,000
Market Cap
$6.33 billion
Optionable
Optionable
Beta
0.39

Social Links


Key Executives

  • Mr. Joel N. AgreeMr. Joel N. Agree (Age 43)
    Pres, CEO & Director
    Comp: $3.87M
  • Mr. Peter Coughenour (Age 29)
    CFO, Sec. & Investor Relations Professional
    Comp: $2.06M
  • Mr. Craig Erlich (Age 54)
    Chief Operating Officer
    Comp: $1.01M
  • Ms. Danielle M. Spehar (Age 54)
    Gen. Counsel
    Comp: $526.02k
  • Ms. Nicole Witteveen (Age 32)
    Exec. VP of People & Culture and Chief of Staff
    Comp: $748.14k
  • Mr. Richard A. AgreeMr. Richard A. Agree (Age 78)
    Exec. Chairman
  • Mr. Stephen Breslin
    Chief Accounting Officer
  • Mr. Dan Theeck
    Director of Financial Reporting & Compliance
  • Mr. Josh Bratton
    Director of Devel.
  • Mr. Marc Brandt
    VP of Asset Management













ADC Stock - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ADC shares.
View ADC analyst ratings
or view top-rated stocks.

What is Agree Realty's stock price forecast for 2022?

11 Wall Street research analysts have issued 1 year price objectives for Agree Realty's stock. Their ADC share price forecasts range from $69.00 to $85.00. On average, they expect the company's share price to reach $79.23 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for ADC
or view top-rated stocks among Wall Street analysts.

How have ADC shares performed in 2022?

Agree Realty's stock was trading at $71.36 at the beginning of 2022. Since then, ADC stock has increased by 11.1% and is now trading at $79.31.
View the best growth stocks for 2022 here
.

When is Agree Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our ADC earnings forecast
.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) posted its earnings results on Tuesday, August, 2nd. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Agree Realty had a net margin of 37.13% and a trailing twelve-month return on equity of 4.38%. During the same quarter in the prior year, the firm posted $0.89 EPS.

How often does Agree Realty pay dividends? What is the dividend yield for Agree Realty?

Agree Realty declared a monthly dividend on Friday, August 12th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.234 per share on Wednesday, September 14th. This represents a $2.81 annualized dividend and a yield of 3.54%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.81 per share and currently has a dividend yield of 3.54%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 148.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADC will have a dividend payout ratio of 69.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

What is Richard Agree's approval rating as Agree Realty's CEO?

1 employees have rated Agree Realty Chief Executive Officer Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among the company's employees. This puts Richard Agree in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Agree Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Accenture (ACN), Charles Schwab (SCHW), AutoZone (AZO), Hudson Technologies (HDSN), Och-Ziff Capital Management Group (OZM) and Vicor (VICR).

What is Agree Realty's stock symbol?

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

Who are Agree Realty's major shareholders?

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (7.75%), State Street Corp (5.68%), Deutsche Bank AG (3.92%), Northern Trust Corp (1.47%), Russell Investments Group Ltd. (1.40%) and JPMorgan Chase & Co. (1.27%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Richard Agree, Simon Leopold and William S Rubenfaer.
View institutional ownership trends
.

How do I buy shares of Agree Realty?

Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Agree Realty's stock price today?

One share of ADC stock can currently be purchased for approximately $79.31.

How much money does Agree Realty make?

Agree Realty (NYSE:ADC) has a market capitalization of $6.33 billion and generates $339.32 million in revenue each year. The real estate investment trust earns $122.27 million in net income (profit) each year or $1.89 on an earnings per share basis.

When was Agree Realty founded?

Agree Realty was founded in 1971.

How can I contact Agree Realty?

Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.agreerealty.com. The real estate investment trust can be reached via phone at (248) 737-4190, via email at investor@agreerealty.com, or via fax at 248-737-9110.

This page (NYSE:ADC) was last updated on 8/19/2022 by MarketBeat.com Staff

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