Agree Realty - ADC Stock Forecast, Price & News

9 Wall Street equities 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 equities research analysts is that investors should "buy" ADC shares.
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9 brokerages have issued 12 month 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 share price to reach $78.50 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
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Agree Realty's stock was trading at $70.93 at the beginning of the year. Since then, ADC stock has increased by 4.7% and is now trading at $74.26.
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Agree Realty saw a decrease in short interest in January. As of January 15th, there was short interest totaling 7,150,000 shares, a decrease 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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our ADC earnings forecast.

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.

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

Agree Realty declared a monthly dividend on Thursday, January 12th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.24 per share on Tuesday, February 14th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Monday, January 30th.
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 3.86%. 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.

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), 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 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.
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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 $74.26.

Agree Realty (NYSE:ADC) has a market capitalization of $6.58 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.