Agree Realty (ADC) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agree Realty in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ADC shares.
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9 brokerages have issued 12 month price objectives for Agree Realty's shares. Their ADC share price targets range from $60.00 to $71.00. On average, they anticipate the company's stock price to reach $65.61 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
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Agree Realty's stock was trading at $62.95 at the beginning of the year. Since then, ADC stock has decreased by 9.6% and is now trading at $56.91.
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Agree Realty saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,960,000 shares, an increase of 16.5% from the February 29th total of 3,400,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our ADC earnings forecast.

Agree Realty will be holding an earnings conference call on Wednesday, April 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Agree Realty Co. (NYSE:ADC) released its quarterly earnings results on Friday, May, 5th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.96 by $0.52. The real estate investment trust had revenue of $126.62 million for the quarter, compared to the consensus estimate of $124.55 million. Agree Realty had a trailing twelve-month return on equity of 3.48% and a net margin of 31.62%. During the same period in the prior year, the company posted $0.97 earnings per share.

Agree Realty declared a monthly dividend on Monday, April 8th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.25 per share on Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Monday, April 29th. This is an increase from the stock's previous monthly dividend of $0.25.
Read our dividend analysis for ADC.

Agree Realty (NYSE:ADC) pays an annual dividend of $2.96 per share and currently has a dividend yield of 5.24%. ADC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 173.10%. 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 70.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADC.

ETFs with the largest weight of Agree Realty (NYSE:ADC) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Janus Henderson U.S. Real Estate ETF (JRE), Invesco Real Assets ESG ETF (IVRA), JPMorgan Realty Income ETF (JPRE), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco S&P MidCap Low Volatility ETF (XMLV), InfraCap Equity Income Fund ETF (ICAP) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.88%), Allspring Global Investments Holdings LLC (0.83%), Raymond James & Associates (0.32%), Hazelview Securities Inc. (0.28%), Tributary Capital Management LLC (0.26%) and Community Bank of Raymore (0.07%). Insiders that own company stock include Craig Erlich, Greg Lehmkuhl, Joey Agree, John Rakolta Jr, Merrie S Frankel, Merrie S Frankel, Peter Coughenour, Richard Agree and Stephen Breslin.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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