Agree Realty Corporation Company Profile (NYSE:ADC)

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

Agree Realty Corporation announced a quarterly dividend on Tuesday, September 5th. Stockholders of record on Friday, September 29th will be given a dividend of $0.505 per share on Friday, October 13th. This represents a $2.02 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, September 28th. View Agree Realty Corporation's Dividend History.

Agree Realty Corporation (NYSE:ADC) released its quarterly earnings data on Monday, July, 24th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.17. The company had revenue of $28.10 million for the quarter, compared to analysts' expectations of $27.66 million. Agree Realty Corporation had a net margin of 54.22% and a return on equity of 8.23%. The company's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. View Agree Realty Corporation's Earnings History.

Agree Realty Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Agree Realty Corporation.

10 analysts have issued 1-year target prices for Agree Realty Corporation's shares. Their predictions range from $46.00 to $58.00. On average, they expect Agree Realty Corporation's share price to reach $51.88 in the next year. View Analyst Ratings for Agree Realty Corporation.

Here are some recent quotes from research analysts about Agree Realty Corporation stock:

• 1. According to Zacks Investment Research, "Agree Realty Corp. is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases. " (8/1/2017)
• 2. Jefferies Group LLC analysts commented, "Given prospects of interest rates rising faster in 2017 than our previous expectations, and the associated negative impact on triple-net retail stocks, we are downgrading ADC to Hold from Buy and lowering our PT to $49 from $53. That said, we think ADC is still well positioned relative to its peers heading into 2017, and our new PT still implies an 8% total return over the NTM. Cautious on Triple-Net Retail in 2017. We are cautious on the sector in 2017 given potentially accelerating economic growth driving a rising rate environment with the Fed dot plot projecting three interest rate increases in 2017. Triple-Net stocks tend to underperform in a rising rate environment given the long-term nature of their leases provide a more bond- like income stream. Further, as funding costs rise, cap rates tend not to adjust as quickly, so net investment spreads tend to compress and slow acquisition volume and FFO/sh growth." (1/5/2017)

Some companies that are related to Agree Realty Corporation include Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL), Wheeler Real Estate Investment Trust (WHLR) and Rouse Properties (RSE).

Agree Realty Corporation's management team includes the folowing people:

• Richard Agree, Executive Chairman of the Board
• Joey Agree, President, Chief Executive Officer, Director
• Matthew Morris Partridge, Chief Financial Officer, Executive Vice President, Secretary
• Laith M. Hermiz, Chief Operating Officer, Executive Vice President
• Merrie S. Frankel, Independent Director
• Farris G. Kalil, Independent Director
• John Rakolta Jr., Independent Director
• Jerome R. Rossi, Independent Director
• William S. Rubenfaer, Independent Director

Agree Realty Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.53%), Vanguard Group Inc. (12.37%), Principal Financial Group Inc. (3.30%), Northern Trust Corp (2.95%), State Street Corp (2.67%) and Bank of New York Mellon Corp (2.50%). Company insiders that own Agree Realty Corporation stock include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Institutional Ownership Trends for Agree Realty Corporation.

Agree Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Robeco Institutional Asset Management B.V., Westpac Banking Corp, Dalton Greiner Hartman Maher & Co., Parametric Portfolio Associates LLC, California Public Employees Retirement System and Strs Ohio. View Insider Buying and Selling for Agree Realty Corporation.

Agree Realty Corporation's stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Vanguard Group Inc., Franklin Resources Inc., Teachers Advisors LLC, BlackRock Inc., Northpointe Capital LLC, Kennedy Capital Management Inc. and Citadel Advisors LLC. Company insiders that have bought Agree Realty Corporation stock in the last two years include Gene Silverman, John Rakolta Jr, Merrie S Frankel, Richard Agree and William S Rubenfaer. View Insider Buying and Selling for Agree Realty Corporation.

Shares of Agree Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Agree Realty Corporation stock can currently be purchased for approximately $50.77.