NYSE:ADC

Agree Realty - ADC Stock Forecast, Price & News

$79.31

-0.06 (-0.08%)

(As of 08/19/2022 12:00 AM ET)

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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: 0.73
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

2.5

Analyst's Opinion

Consensus Rating
Agree Realty has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.23, Agree Realty has a forecasted downside of 0.1% from its current price of $79.31.
Amount of Analyst Coverage
Agree Realty has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
11.85% of the outstanding shares of Agree Realty have been sold short.
Short Interest Ratio / Days to Cover
Agree Realty has a short interest ratio ("days to cover") of 11.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Agree Realty has recently increased by 2.71%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Agree Realty is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Agree Realty has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Agree Realty is 148.68%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Agree Realty will have a dividend payout ratio of 69.38% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ADC.

2.6

News and Social Media Coverage

News Sentiment
Agree Realty has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Agree Realty this week, compared to 2 articles on an average week.
Search Interest
22 people have searched for ADC on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Agree Realty insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Agree Realty is held by insiders.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Agree Realty are expected to grow by 4.38% in the coming year, from $3.88 to $4.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Agree Realty is 41.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Agree Realty is 41.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 208.76.
Price to Earnings Growth Ratio
Agree Realty has a PEG Ratio of 2.98. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Agree Realty has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

August 17, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Hits New 1-Year High After Dividend Announcement

August 16, 2022 | nasdaq.com

Agree Realty Reaches Analyst Target Price

August 16, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Price Target Raised to $80.00 at Citigroup

August 15, 2022 | nasdaq.com

Upcoming Dividend Run For ADC?

August 14, 2022 | americanbankingnews.com

StockNews.com Upgrades Agree Realty (NYSE:ADC) to Hold

August 13, 2022 | finance.yahoo.com

Worried About a Recession? These 3 REITs Aren't.

August 7, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Downgraded by StockNews.com

August 7, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Price Target Raised to $83.00

August 5, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Price Target Increased to $82.00 by Analysts at JMP Securities

August 5, 2022 | americanbankingnews.com

Agree Realty (NYSE:ADC) Sets New 1-Year High on Analyst Upgrade

August 3, 2022 | markets.businessinsider.com

Expert Ratings for Agree Realty

August 3, 2022 | seekingalpha.com

Agree Realty Corporation (ADC) CEO Joey Agree on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | fool.com

Agree Realty (ADC) Q2 2022 Earnings Call Transcript

August 2, 2022 | finance.yahoo.com

Agree Realty Corporation Reports Second Quarter 2022 Results

August 2, 2022 | finance.yahoo.com

Agree Realty (ADC) Surpasses Q2 FFO and Revenue Estimates

July 28, 2022 | seekingalpha.com

Agree Realty: Solid Like A Rock, But Wait For Another Fall First (Technical Analysis)

July 27, 2022 | americanbankingnews.com

Reviewing Sino Land (OTCMKTS:SNLAY) and Agree Realty (NYSE:ADC)

July 26, 2022 | nasdaq.com

Optimism for Agree Realty (NYSE:ADC) has grown this past week, despite five-year decline in earnings

July 19, 2022 | nasdaq.com

Agree Realty Corp. Shares Approach 52-Week High - Market Mover

July 16, 2022 | seekingalpha.com

I Own Agree Realty And Sleep Like A Baby

July 7, 2022 | nasdaq.com

Why This Monthly Dividend Stock's Slight Rise in 2022 Stands Out

July 7, 2022 | finance.yahoo.com

Agree Realty Corporation's (NYSE:ADC) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?

June 30, 2022 | finance.yahoo.com

Agree Realty Announces Second Quarter 2022 Earnings Release Date and Conference Call Information

June 29, 2022 | nasdaq.com

Agree Realty Corp. Shares Near 52-Week High - Market Mover

June 29, 2022 | finance.yahoo.com

Agree Realty Releases 2021 Environmental, Social & Governance Report

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Retail REITs
Sector: Finance
Current Symbol: NYSE:ADC
CUSIP: 00849210
CIK: 917251
Web: www.agreerealty.com
Phone: (248) 737-4190
Fax: 248-737-9110
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

EPS (Most Recent Fiscal Year): $1.89
Trailing P/E Ratio: 41.96
Forward P/E Ratio: 20.44
P/E Growth: 2.98
Net Income: $122.27 million
Net Margins: 37.13%
Pretax Margin: 37.30%
Return on Equity: 4.38%
Return on Assets: 2.74%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $339.32 million
Price / Sales: 18.66
Cash Flow: $3.48 per share
Price / Cash Flow: 22.80
Book Value: $47.59 per share
Price / Book: 1.67

Miscellaneous

Outstanding Shares: 79,833,000
Free Float: 78,077,000
Market Cap: $6.33 billion
Optionable: Optionable
Beta: 0.39

Social Links

Key Executives

Mr. 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. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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Agree Realty - ADC Stock Forecast, Price & News

Agree Realty MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month