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NYSE:ADCAgree Realty Stock Price, Forecast & News

$62.77
-0.29 (-0.46 %)
(As of 05/29/2020 04:00 PM ET)
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Compare
Today's Range
$61.86
Now: $62.77
$63.73
50-Day Range
$58.48
MA: $62.61
$67.79
52-Week Range
$45.23
Now: $62.77
$80.51
Volume902,824 shs
Average Volume503,553 shs
Market Capitalization$3.13 billion
P/E Ratio32.72
Dividend Yield3.59%
Beta0.31
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 March 31, 2019, the Company owned and operated a portfolio of 694 properties, located in 46 states and containing approximately 11.9 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".
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Agree Realty logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP00849210
Phone248-737-4190

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$187.48 million
Cash Flow$3.49 per share
Book Value$35.23 per share

Profitability

Net Income$80.08 million

Miscellaneous

Employees36
Market Cap$3.13 billion
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Agree Realty (NYSE:ADC) Frequently Asked Questions

How has Agree Realty's stock been impacted by COVID-19 (Coronavirus)?

Agree Realty's stock was trading at $72.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ADC shares have decreased by 13.4% and is now trading at $62.8150. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Agree Realty?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Agree Realty.

When is Agree Realty's next earnings date?

Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. 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 Monday, April, 20th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.80 by $0.34. The real estate investment trust had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.29 million. Agree Realty had a return on equity of 5.41% and a net margin of 41.29%. View Agree Realty's earnings history.

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

Agree Realty announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, June 26th will be given a dividend of $0.60 per share on Friday, July 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, June 25th. This is an increase from Agree Realty's previous quarterly dividend of $0.59. View Agree Realty's dividend history.

What price target have analysts set for ADC?

8 brokerages have issued 1-year target prices for Agree Realty's shares. Their forecasts range from $67.00 to $82.00. On average, they anticipate Agree Realty's stock price to reach $73.38 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for Agree Realty.

Has Agree Realty been receiving favorable news coverage?

News articles about ADC stock have been trending somewhat positive on Friday, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Agree Realty earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutAgree Realty.

Who are some of Agree Realty's key competitors?

What other stocks do shareholders of Agree Realty own?

Who are Agree Realty's key executives?

Agree Realty's management team includes the following people:
  • Mr. Richard A. Agree, Exec. Chairman (Age 75)
  • Mr. Joel N. Agree, Pres, CEO & Director (Age 40)
  • Mr. Clayton R. Thelen CPA, CFO & Sec. (Age 35)
  • Mr. Laith M. Hermiz, COO & Exec. VP (Age 48)
  • Mr. David A. Wolff, Chief Accounting Officer (Age 50)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.81%), Invesco Ltd. (8.55%), Zimmer Partners LP (5.51%), Citigroup Inc. (4.05%), State Street Corp (3.60%) and Deutsche Bank AG (3.57%). Company insiders that own Agree Realty stock include Craig Erlich, Farris G Kalil, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Laith Hermiz, Merrie S Frankel, Richard Agree and Simon Leopold. View institutional ownership trends for Agree Realty.

Which major investors are selling Agree Realty stock?

ADC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Cohen & Steers Inc., Balyasny Asset Management LLC, Two Sigma Investments LP, Huntington National Bank, UBS Group AG, and Bank of New York Mellon Corp. View insider buying and selling activity for Agree Realty.

Which major investors are buying Agree Realty stock?

ADC stock was bought by a variety of institutional investors in the last quarter, including Citigroup Inc., Zimmer Partners LP, APG Asset Management US Inc., Invesco Ltd., Sumitomo Mitsui Trust Holdings Inc., Deprince Race & Zollo Inc., Thrivent Financial for Lutherans, and Nuveen Asset Management LLC. Company insiders that have bought Agree Realty stock in the last two years include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, John Rakolta, Jr, Merrie S Frankel, Richard Agree, and Simon Leopold. View insider buying and selling activity for Agree Realty.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Agree Realty's stock price today?

One share of ADC stock can currently be purchased for approximately $62.82.

How big of a company is Agree Realty?

Agree Realty has a market capitalization of $3.13 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.

What is Agree Realty's official website?

The official website for Agree Realty is www.agreerealty.com.

How can I contact Agree Realty?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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