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Agree Realty Stock Forecast, Price & News

$73.75
+0.30 (+0.41%)
(As of 06/29/2022 11:57 AM ET)
Add
Compare
Today's Range
$72.83
$73.78
50-Day Range
$65.83
$74.12
52-Week Range
$61.62
$75.95
Volume
10,157 shs
Average Volume
700,927 shs
Market Capitalization
$5.54 billion
P/E Ratio
41.43
Dividend Yield
3.80%
Price Target
$76.59
30 days | 90 days | 365 days | Advanced Chart

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ADC Stock Forecast (MarketRank)

Overall MarketRank

2.44 out of 5 stars

Finance Sector

536th out of 1,394 stocks

Real Estate Investment Trusts Industry

119th out of 235 stocks

Analyst Opinion: 2.5Community Rank: 4.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
Agree Realty logo

About Agree Realty (NYSE:ADC)

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".

ADC Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 6/14 Dividend
5/27/2022
Dividend Payable
6/14/2022
Today
6/29/2022
Ex-Dividend for 7/14 Dividend
6/29/2022
Dividend Payable
7/14/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$76.59
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90909090909091
Research Coverage
11 Analysts

Profitability

Net Income
$122.27 million
Pretax Margin
35.82%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
73,672,000
Market Cap
$5.54 billion
Optionable
Optionable
Beta
0.40

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Agree Realty Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

11 Wall Street research 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 research analysts is that investors should "moderate buy" Agree Realty stock.
View analyst ratings for Agree Realty
or view top-rated stocks.

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

11 brokerages have issued 1-year target prices for Agree Realty's shares. Their ADC stock forecasts range from $69.00 to $81.00. On average, they predict Agree Realty's share price to reach $76.59 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for Agree Realty
or view top-rated stocks among Wall Street analysts.

How has Agree Realty's stock price performed in 2022?

Agree Realty's stock was trading at $71.36 at the start of the year. Since then, ADC shares have increased by 3.0% and is now trading at $73.50.
View the best growth stocks for 2022 here
.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 9,690,000 shares, an increase of 187.5% from the May 15th total of 3,370,000 shares. Based on an average trading volume of 775,800 shares, the short-interest ratio is presently 12.5 days.
View Agree Realty's Short Interest
.

When is Agree Realty's next earnings date?

Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Agree Realty
.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. Agree Realty had a trailing twelve-month return on equity of 3.94% and a net margin of 35.65%. During the same quarter in the prior year, the firm posted $0.84 earnings per share.
View Agree Realty's earnings history
.

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

Agree Realty declared a monthly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.234 per share on Thursday, July 14th. This represents a $2.81 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, June 29th.
View Agree Realty's dividend history
.

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 3.80%. Agree Realty does not yet have a strong track record of dividend growth. The dividend payout ratio of Agree Realty is 157.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Agree Realty will have a dividend payout ratio of 68.37% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.
View Agree Realty's dividend history.

Who are Agree Realty's key executives?

Agree Realty's management team includes the following people:
  • Mr. Joel N. Agree, Pres, CEO & Director (Age 43, Pay $3.87M) (LinkedIn Profile)
  • Mr. Peter Coughenour, CFO, Sec. & Investor Relations Professional (Age 29, Pay $2.06M)
  • Mr. Craig Erlich, Chief Operating Officer (Age 54, Pay $1.01M)
  • Ms. Danielle M. Spehar, Gen. Counsel (Age 54, Pay $526.02k)
  • Ms. Nicole Witteveen, Exec. VP of People & Culture and Chief of Staff (Age 32, Pay $748.14k)
  • Mr. Richard A. Agree, Exec. Chairman (Age 78)
  • Mr. David A. Wolff, Chief Accounting Officer (Age 53)
  • Mr. Dan Theeck, Director of Financial Reporting & Compliance
  • Mr. Josh Bratton, Director of Devel.
  • Mr. Marc Brandt, VP of Asset Management

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

1 employees have rated Agree Realty CEO Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among Agree Realty'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), APA (APA), 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.52%), Vanguard Group Inc. (15.24%), Principal Financial Group Inc. (7.98%), State Street Corp (5.74%), Centersquare Investment Management LLC (5.07%) and Daiwa Securities Group Inc. (1.86%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, 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 for Agree Realty
.

Which institutional investors are selling Agree Realty stock?

ADC stock was sold by a variety of institutional investors in the last quarter, including Weiss Multi Strategy Advisers LLC, Sei Investments Co., Northern Trust Corp, Guggenheim Capital LLC, Bahl & Gaynor Inc., APG Asset Management US Inc., Renaissance Technologies LLC, and SG Americas Securities LLC.
View insider buying and selling activity for Agree Realty
or view top insider-selling stocks.

Which institutional investors are buying Agree Realty stock?

ADC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Vanguard Group Inc., Invesco Ltd., BlackRock Inc., Principal Financial Group Inc., Centersquare Investment Management LLC, Goldman Sachs Group Inc., and Qube Research & Technologies Ltd. Company insiders that have bought Agree Realty stock in the last two years include Greg Lehmkuhl, Joey Agree, John Rakolta Jr, Merrie S Frankel, Richard Agree, Simon Leopold, and William S Rubenfaer.
View insider buying and selling activity for Agree Realty
or or view top insider-buying stocks.

How do I buy shares of 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 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 $73.50.

How much money does Agree Realty make?

Agree Realty (NYSE:ADC) has a market capitalization of $5.53 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 $1.779990 on an earnings per share basis.

How many employees does Agree Realty have?

Agree Realty employs 57 workers across the globe.

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 Agree Realty is www.agreerealty.com. The real estate investment trust can be reached via phone at (248) 737-4190, via email at [email protected], or via fax at 248-737-9110.

This page (NYSE:ADC) was last updated on 6/29/2022 by MarketBeat.com Staff

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