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Agree Realty - ADC Stock Forecast, Price & News

$74.07
-0.64 (-0.86%)
(As of 02/3/2023 05:17 PM ET)
Add
Compare
Today's Range
$72.81
$74.50
50-Day Range
$68.43
$75.13
52-Week Range
$61.62
$80.44
Volume
18.28 million shs
Average Volume
1.53 million shs
Market Capitalization
$6.56 billion
P/E Ratio
40.48
Dividend Yield
3.87%
Price Target
$78.50

Agree Realty MarketRank™ Forecast

Analyst Rating
Buy
3.11 Rating Score
Upside/​Downside
6.8% Upside
$78.50 Price Target
Short Interest
Healthy
8.07% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of Agree Realty in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$864,772 Bought Last Quarter
Proj. Earnings Growth
2.60%
From $3.85 to $3.95 Per Share

Overall MarketRank

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

2.12 out of 5 stars

Finance Sector

501st out of 865 stocks

Real Estate Investment Trusts Industry

107th out of 189 stocks

ADC stock logo

About Agree Realty (NYSE:ADC) Stock

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

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ADC Stock News Headlines

Agree Realty (NYSE:ADC) Shares Gap Down to $74.15
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The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Agree Realty declares $0.24 dividend
What 5 Analyst Ratings Have To Say About Agree Realty
Is Agree Realty a Buy?
My Top Real Estate Stock to Buy and Hold Forever
1 Big Reason Agree Realty Is Outperforming the S&P 500
Here's Why Agree Realty Can Keep Raising Its Dividend
Better Buy: Agree Realty or National Retail Properties?
How Agree Realty Is Set to Withstand a Recession
See More Headlines
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ADC Company Calendar

Last Earnings
8/02/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Ex-Dividend for 2/14 Dividend
1/30/2023
Today
2/03/2023
Dividend Payable
2/14/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

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
$78.50
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+6.0%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
9 Analysts

Profitability

Net Income
$122.27 million
Pretax Margin
35.90%

Debt

Sales & Book Value

Annual Sales
$339.32 million
Cash Flow
$3.49 per share
Book Value
$46.49 per share

Miscellaneous

Free Float
86,624,000
Market Cap
$6.56 billion
Optionable
Optionable
Beta
0.46

Social Links


Key Executives

  • Joel N. AgreeJoel N. Agree
    President, Chief Executive Officer & Director
  • Craig Erlich
    Chief Operating Officer
  • Peter Coughenour
    Chief Financial Officer & Secretary
  • Josh Bratton
    Development Director
  • Marc Brandt
    Vice President-Asset Management













ADC Stock - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 2023?

9 Wall Street analysts have issued 1-year price targets for Agree Realty's stock. Their ADC share price forecasts range from $73.00 to $83.00. On average, they predict the company's stock price to reach $78.50 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for ADC
or view top-rated stocks among Wall Street analysts.

How have ADC shares performed in 2023?

Agree Realty's stock was trading at $70.93 at the beginning of the year. Since then, ADC shares have increased by 3.8% and is now trading at $73.63.
View the best growth stocks for 2023 here
.

Are investors shorting Agree Realty?

Agree Realty saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,150,000 shares, a decline of 5.7% from the December 31st total of 7,580,000 shares. Based on an average trading volume of 788,800 shares, the days-to-cover ratio is currently 9.1 days.
View Agree Realty's Short Interest
.

When is Agree Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our ADC earnings forecast
.

How can I listen to Agree Realty's earnings call?

Agree Realty will be holding an earnings conference call on Wednesday, February 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) released its quarterly earnings data on Tuesday, August, 2nd. The real estate investment trust reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Agree Realty had a net margin of 35.75% and a trailing twelve-month return on equity of 4.31%. During the same quarter last year, the company posted $0.89 EPS.

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

Agree Realty announced a monthly dividend on Thursday, January 12th. Investors of record on Tuesday, January 31st will be given a dividend of $0.24 per share on Tuesday, February 14th. This represents a $2.88 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.88 per share and currently has a dividend yield of 3.87%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 157.38%. 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 72.91% 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 a number of institutional and retail investors. Top institutional investors include Lasalle Investment Management Securities LLC (0.81%), Scout Investments Inc. (0.81%), Sumitomo Mitsui Trust Holdings Inc. (0.80%), Strs Ohio (0.30%), Tributary Capital Management LLC (0.29%) and Fort Washington Investment Advisors Inc. OH (0.26%). 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 $73.63.

How much money does Agree Realty make?

Agree Realty (NYSE:ADC) has a market capitalization of $6.52 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 $1.83 on an earnings per share basis.

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 2/3/2023 by MarketBeat.com Staff