NYSE:ADC - Agree Realty Stock Price, Forecast & News

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

Agree Realty declared a quarterly dividend on Thursday, December 5th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.585 per share on Friday, January 3rd. This represents a $2.34 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Agree Realty's previous quarterly dividend of $0.57. View Agree Realty's Dividend History.

Agree Realty Co. (NYSE:ADC) released its quarterly earnings data on Monday, October, 21st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.06. The real estate investment trust had revenue of $48.08 million for the quarter, compared to analyst estimates of $47.28 million. Agree Realty had a net margin of 42.72% and a return on equity of 5.64%. View Agree Realty's Earnings History.

Agree Realty is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Agree Realty.

6 Wall Street analysts have issued 1-year target prices for Agree Realty's shares. Their forecasts range from $73.00 to $84.00. On average, they expect Agree Realty's share price to reach $80.83 in the next year. This suggests a possible upside of 3.2% from the stock's current price. View Analyst Price Targets for Agree Realty.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Agree Realty.

News headlines about ADC stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Agree Realty earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Agree Realty.

Agree Realty saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 3,850,000 shares, a decrease of 25.1% from the January 15th total of 5,140,000 shares. Based on an average daily volume of 413,600 shares, the short-interest ratio is currently 9.3 days. Approximately 9.4% of the shares of the company are sold short. View Agree Realty's Current Options Chain.

Some companies that are related to Agree Realty include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Weingarten Realty Investors (WRI), Macerich (MAC), Taubman Centers (TCO), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Alexander's (ALX), Kite Realty Group Trust (KRG) and Getty Realty (GTY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Apache (APA), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Vicor (VICR), Hudson Technologies (HDSN), Accenture (ACN), AutoZone (AZO) and Och-Ziff Capital Management Group (OZM).

Agree Realty's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (3.83%), Cohen & Steers Inc. (3.58%), Principal Financial Group Inc. (3.40%), Jefferies Group LLC (3.24%), Bank of New York Mellon Corp (2.13%) and Lasalle Investment Management Securities LLC (1.69%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, Greg Lehmkuhl, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz and Richard Agree. View Institutional Ownership Trends for Agree Realty.

ADC stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., FMR LLC, State Street Corp, PNC Financial Services Group Inc., Securian Asset Management Inc, William Blair Investment Management LLC, Citigroup Inc. and Principal Financial Group Inc.. View Insider Buying and Selling for Agree Realty.

ADC stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Credit Suisse AG, Goldman Sachs Group Inc., Thrivent Financial for Lutherans, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, UBS Oconnor LLC and Scout Investments Inc.. Company insiders that have bought Agree Realty stock in the last two years include Craig Erlich, Greg Lehmkuhl, Joey Agree, John Rakolta Jr, John Rakolta, Jr and Richard Agree. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ADC stock can currently be purchased for approximately $78.31.

Agree Realty has a market capitalization of $3.32 billion and generates $187.48 million in revenue each year. The real estate investment trust earns $80.08 million in net income (profit) each year or $3.08 on an earnings per share basis. Agree Realty employs 36 workers across the globe.View Additional Information About Agree Realty.

The official website for Agree Realty is http://agreerealty.com/.

Agree Realty's mailing address is 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304. The real estate investment trust can be reached via phone at 248-737-4190 or via email at [email protected]