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DOW   33,762.76
QQQ   354.65
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Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
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Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
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Agree Realty (ADC) Stock Forecast, Price & News

$64.95
+0.70 (+1.09%)
(As of 06/2/2023 ET)
Compare
Today's Range
$64.43
$65.30
50-Day Range
$64.19
$68.61
52-Week Range
$63.34
$80.44
Volume
854,990 shs
Average Volume
907,643 shs
Market Capitalization
$6.05 billion
P/E Ratio
36.29
Dividend Yield
4.50%
Price Target
$78.23

Agree Realty MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
20.5% Upside
$78.25 Price Target
Short Interest
Bearish
4.23% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Agree Realty in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$2.22 M Bought Last Quarter
Proj. Earnings Growth
-5.58%
From $3.94 to $3.72 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

674th out of 874 stocks

Real Estate Investment Trusts Industry

151st out of 191 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 Co. (NYSE:ADC) CFO Buys $32,125.00 in Stock
15 A.I. Trading Opportunities a Day
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ADC - Agree Realty Corporation
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Agree Realty Q1 2023 Earnings Preview
See More Headlines

ADC Price History

ADC Company Calendar

Ex-Dividend for 5/12 Dividend
4/27/2023
Last Earnings
5/05/2023
Dividend Payable
5/12/2023
Ex-Dividend for 6/14 Dividend
5/30/2023
Today
6/02/2023
Dividend Payable
6/14/2023
Next Earnings (Estimated)
8/01/2023
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
$78.25
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
8 Analysts

Profitability

Net Income
$152.44 million
Pretax Margin
34.60%

Debt

Sales & Book Value

Annual Sales
$429.81 million
Cash Flow
$3.68 per share
Book Value
$49.60 per share

Miscellaneous

Free Float
91,707,000
Market Cap
$6.06 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
  • Larry Kaufman
    Chief Information Officer & Vice President
  • Josh Bratton
    Development Director













ADC Stock - Frequently Asked Questions

Should I buy or sell Agree Realty stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 2 hold ratings, 5 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?

8 brokerages have issued 1 year price objectives for Agree Realty's stock. Their ADC share price forecasts range from $73.00 to $83.00. On average, they expect the company's stock price to reach $78.25 in the next year. This suggests a possible upside of 20.4% 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 on January 1st, 2023. Since then, ADC stock has decreased by 8.4% and is now trading at $64.98.
View the best growth stocks for 2023 here
.

Are investors shorting Agree Realty?

Agree Realty saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,940,000 shares, an increase of 8.2% from the April 30th total of 3,640,000 shares. Based on an average trading volume of 718,000 shares, the short-interest ratio is presently 5.5 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, August 1st 2023.
View our ADC earnings forecast
.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) announced its quarterly earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to analysts' expectations of $124.55 million. Agree Realty had a net margin of 34.48% and a trailing twelve-month return on equity of 4.04%. During the same period last year, the business posted $0.97 EPS.

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

Agree Realty declared a monthly dividend on Thursday, May 11th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.243 per share on Wednesday, June 14th. This represents a $2.92 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for ADC
.

Is Agree Realty a good dividend stock?

Agree Realty (NYSE:ADC) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.52%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 163.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ADC will have a dividend payout ratio of 78.49% in the coming year. This indicates that the company may not be able to sustain their current 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.42%), Principal Financial Group Inc. (6.22%), State Street Corp (5.72%), Deutsche Bank AG (3.24%), Geode Capital Management LLC (2.15%) and JPMorgan Chase & Co. (1.71%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Peter Coughenour, Richard Agree, Simon Leopold, Stephen Breslin 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 $64.98.

How much money does Agree Realty make?

Agree Realty (NYSE:ADC) has a market capitalization of $6.06 billion and generates $429.81 million in revenue each year. The real estate investment trust earns $152.44 million in net income (profit) each year or $1.79 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 6/3/2023 by MarketBeat.com Staff

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