Agree Realty (ADC) Stock Price, News & Analysis

Company Overview

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

Key Stats

• Today's Range: $76.31 to $77.57
• 50-Day Range: $73.18 to $77.53
• 52-Week Range: $54.28 to $77.58
• Volume: 609,123 shs
• Average Volume: 963,392 shs
• Market Capitalization: $7.91 billion
• P/E Ratio: 42.24
• Dividend Yield: 3.98%
• Price Target: $75.73
• Consensus Rating: Moderate Buy

Agree Realty Stock Analysis - MarketRank™

Agree Realty scored higher than 58% of companies evaluated by MarketBeat, and ranked 544th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Agree Realty has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Agree Realty has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.13%

Earnings Growth

Earnings for Agree Realty are expected to grow by 4.13% in the coming year, from $4.12 to $4.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Agree Realty is 42.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Agree Realty is 42.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.13.

Price to Earnings Growth Ratio

Agree Realty has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Agree Realty has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.49% of the outstanding shares of Agree Realty have been sold short.

Short Interest Ratio / Days to Cover

Agree Realty has a short interest ratio ("days to cover") of 14.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Agree Realty has recently increased by 50.70%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Agree Realty is a leading dividend payer. It pays a dividend yield of 3.92%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Agree Realty does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Agree Realty is 167.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Agree Realty will have a dividend payout ratio of 70.86% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.49% of the outstanding shares of Agree Realty have been sold short.

Short Interest Ratio / Days to Cover

Agree Realty has a short interest ratio ("days to cover") of 14.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Agree Realty has recently increased by 50.70%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.46

News Sentiment

Agree Realty has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Agree Realty this week, compared to 8 articles on an average week.

Search Interest

13 people have searched for ADC on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.

MarketBeat Follows

6 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Agree Realty insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.80% of the stock of Agree Realty is held by insiders.

Percentage Held by Institutions

97.83% of the stock of Agree Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ADC Stock Analysis - Frequently Asked Questions

How have ADC shares performed this year?

Agree Realty's stock was trading at $62.95 at the beginning of 2024. Since then, ADC shares have increased by 21.7% and is now trading at $76.62.
View the best growth stocks for 2024 here.

How were Agree Realty's earnings last quarter?

Agree Realty Co. (NYSE:ADC) issued its earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by $0.61. The firm's quarterly revenue was up 12.8% compared to the same quarter last year.

Who are Agree Realty's major shareholders?

Top institutional shareholders of Agree Realty include State Street Corp (4.80%), Principal Financial Group Inc. (4.04%), Daiwa Securities Group Inc. (2.27%) and FMR LLC (2.16%). Insiders that own company stock include Joey Agree, John Rakolta Jr, Richard Agree, Craig Erlich, Greg Lehmkuhl, Stephen Breslin and Peter Coughenour.
View institutional ownership trends.

How do I buy shares of Agree Realty?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Agree Realty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Agree Realty investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 11/14 Dividend: 10/31/2024
• Dividend Payable: 11/14/2024
• Today: 11/22/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:ADC
• CUSIP: 00849210
• CIK: 917251
• Web: www.agreerealty.com
• Phone: (248) 737-4190
• Fax: 248-737-9110
• Employees: 80
• Year Founded: 1971

Price Target and Rating

• Average Stock Price Target: $75.73
• High Stock Price Target: $81.00
• Low Stock Price Target: $64.00
• Potential Upside/Downside: -1.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.81
• Trailing P/E Ratio: 42.58
• Forward P/E Ratio: 18.71
• P/E Growth: 3.14
• Net Income: $169.96 million
• Net Margins: 31.62%
• Pretax Margin: 31.73%
• Return on Equity: 3.77%
• Return on Assets: 2.39%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 0.66
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $537.49 million
• Price / Sales: 14.84
• Cash Flow: $3.80 per share
• Price / Cash Flow: 20.29
• Book Value: $49.45 per share
• Price / Book: 1.56

Miscellaneous

• Outstanding Shares: 103,520,000
• Free Float: 101,660,000
• Market Cap: $7.98 billion
• Optionable: Optionable
• Beta: 0.61