Agree Realty - ADC Stock Forecast, Price & News

11 Wall Street equities 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 equities research analysts is that investors should "buy" ADC shares.
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11 Wall Street analysts have issued 12 month price targets for Agree Realty's shares. Their ADC share price forecasts range from $69.00 to $84.00. On average, they expect the company's stock price to reach $78.41 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
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Agree Realty's stock was trading at $71.36 at the beginning of 2022. Since then, ADC stock has decreased by 1.2% and is now trading at $70.47.
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Agree Realty saw a increase in short interest in October. As of October 15th, there was short interest totaling 5,300,000 shares, an increase of 75.5% from the September 30th total of 3,020,000 shares. Based on an average daily volume of 759,600 shares, the short-interest ratio is presently 7.0 days.
View Agree Realty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our ADC earnings forecast.

Agree Realty Co. (NYSE:ADC) announced its earnings results on Tuesday, August, 2nd. The real estate investment trust reported $0.45 EPS for the quarter, meeting analysts' consensus estimates 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 in the prior year, the company earned $0.89 earnings per share.

Agree Realty declared a monthly dividend on Monday, November 14th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.24 per share on Wednesday, December 14th. This represents a $2.88 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for ADC.

Agree Realty (NYSE:ADC) pays an annual dividend of $2.88 per share and currently has a dividend yield of 4.10%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 72.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

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.

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).

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

Agree Realty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.33%), Vanguard Group Inc. (14.28%), State Street Corp (5.36%), Centersquare Investment Management LLC (3.67%), Bank of New York Mellon Corp (1.40%) and Daiwa Securities Group Inc. (1.38%). 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.

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.
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One share of ADC stock can currently be purchased for approximately $70.47.

Agree Realty (NYSE:ADC) has a market capitalization of $6.24 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.

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.