Agree Realty Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last twelve months. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Agree Realty stock.
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Wall Street analysts have given Agree Realty a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Agree Realty wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Agree Realty saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 9,420,000 shares, an increase of 86.9% from the June 15th total of 5,040,000 shares. Based on an average daily trading volume, of 719,500 shares, the days-to-cover ratio is presently 13.1 days.
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Agree Realty is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Agree Realty.

Agree Realty Co. (NYSE:ADC) issued its earnings results on Sunday, July, 25th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by $0.12. Agree Realty had a trailing twelve-month return on equity of 3.85% and a net margin of 32.93%.
View Agree Realty's earnings history.

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 stock has increased by 3.6% and is now trading at $75.15.
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Agree Realty declared a monthly dividend on Thursday, July 15th. Stockholders of record on Friday, July 30th will be given a dividend of $0.217 per share on Friday, August 13th. This represents a $2.60 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, July 29th.
View Agree Realty's dividend history.

Agree Realty pays an annual dividend of $2.60 per share and currently has a dividend yield of 3.48%. Agree Realty does not yet have a strong track record of dividend growth. The dividend payout ratio of Agree Realty is 80.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Agree Realty will have a dividend payout ratio of 68.78% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.
View Agree Realty's dividend history.

5 brokerages have issued 1-year target prices for Agree Realty's stock. Their forecasts range from $73.00 to $82.00. On average, they anticipate Agree Realty's share price to reach $77.45 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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1 employees have rated Agree Realty CEO Richard Agree on Glassdoor.com. Richard Agree has an approval rating of 100% among Agree Realty's employees. This puts Richard Agree in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Agree Realty include Simon Property Group (SPG), Realty Income (O), Kimco Realty (KIM), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Weingarten Realty Investors (WRI), The Macerich (MAC), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Kite Realty Group Trust (KRG), Alexander's (ALX), Getty Realty (GTY) and Saul Centers (BFS).
View all of ADC's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Agree Realty investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), (APA), Aegean Marine Petroleum Network (ANW), Accenture (ACN), The 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 retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.62%), State of Alaska Department of Revenue (0.12%), Manning & Napier Group LLC (0.11%), Oregon Public Employees Retirement Fund (0.04%), JLP Asset Management LLC (0.03%) and Raymond James Trust N.A. (0.01%). Company insiders that own Agree Realty stock include Craig Erlich, Greg Lehmkuhl, Jerome R Rossi, Joey Agree, John Rakolta Jr, Merrie S Frankel, Simon Leopold and William S Rubenfaer.
View institutional ownership trends for Agree Realty.

ADC stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, and JLP Asset Management LLC.
View insider buying and selling activity for Agree Realty or view top insider-selling stocks.

ADC stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., State of Alaska Department of Revenue, Oregon Public Employees Retirement Fund, Spirit of America Management Corp NY, and Raymond James Trust N.A.. 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, Merrie S Frankel, Simon Leopold, and William S Rubenfaer.
View insider buying and selling activity for Agree Realty or or view top insider-buying stocks.

Shares of ADC 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 $75.15.

Agree Realty has a market capitalization of $5.18 billion and generates $248.57 million in revenue each year. The real estate investment trust earns $91.38 million in net income (profit) each year or $3.23 on an earnings per share basis.

Agree Realty employs 49 workers across the globe.

Agree Realty was founded in 1971.

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

Agree Realty is headquartered at 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI, 48304.

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]