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Agree Realty (ADC) Stock Price, News & Analysis

Agree Realty logo
$74.06
+0.06 (+0.08%)
(As of 11/5/2024 ET)

About Agree Realty Stock (NYSE:ADC)

Key Stats

Today's Range
$73.13
$74.07
50-Day Range
$72.70
$76.71
52-Week Range
$54.28
$77.47
Volume
1.18 million shs
Average Volume
968,808 shs
Market Capitalization
$7.67 billion
P/E Ratio
40.92
Dividend Yield
4.10%
Price Target
$74.19
Consensus Rating
Moderate Buy

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".

Agree Realty Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
63rd Percentile Overall Score

ADC MarketRank™: 

Agree Realty scored higher than 63% of companies evaluated by MarketBeat, and ranked 525th out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Agree Realty's stock forecast and price target.
  • Earnings Growth

    Earnings for Agree Realty are expected to grow by 4.14% in the coming year, from $4.11 to $4.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Agree Realty is 40.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Agree Realty is 40.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.31.

  • Price to Earnings Growth Ratio

    Agree Realty has a PEG Ratio of 2.48. 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 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Agree Realty's valuation and earnings.
  • Percentage of Shares Shorted

    8.95% 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 9.4.
  • Change versus previous month

    Short interest in Agree Realty has recently increased by 5.22%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Agree Realty is a leading dividend payer. It pays a dividend yield of 4.11%, 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 71.03% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.

  • Read more about Agree Realty's dividend.
  • Percentage of Shares Shorted

    8.95% 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 9.4.
  • Change versus previous month

    Short interest in Agree Realty has recently increased by 5.22%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Agree Realty has a news sentiment score of 0.85. 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 0.57 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Agree Realty this week, compared to 8 articles on an average week.
  • Search Interest

    16 people have searched for ADC on MarketBeat in the last 30 days. This is an increase of 23% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • 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.

  • Read more about Agree Realty's insider trading history.
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ADC Stock News Headlines

Agree Realty price target lowered to $79 from $80 at Wells Fargo
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Agree Realty price target raised to $76 from $67 at Baird
See More Headlines

ADC Stock Analysis - Frequently Asked Questions

Agree Realty's stock was trading at $62.95 at the beginning of 2024. Since then, ADC stock has increased by 17.6% and is now trading at $74.06.
View the best growth stocks for 2024 here
.

Agree Realty Co. (NYSE:ADC) announced its earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $1.03 by $0.61. The firm's revenue was up 12.8% on a year-over-year basis.

Agree Realty's top institutional shareholders include Principal Financial Group Inc. (4.04%), Pathway Financial Advisers LLC (1.22%), Allspring Global Investments Holdings LLC (0.72%) and Leeward Investments LLC MA (0.50%). 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
.

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.

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

Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
Last Earnings
10/22/2024
Ex-Dividend for 11/14 Dividend
10/31/2024
Today
11/05/2024
Dividend Payable
11/14/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
00849210
Employees
80
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$74.19
High Stock Price Target
$81.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$169.96 million
Pretax Margin
31.73%

Debt

Sales & Book Value

Annual Sales
$537.49 million
Cash Flow
$3.82 per share
Book Value
$49.99 per share

Miscellaneous

Free Float
101,660,000
Market Cap
$7.66 billion
Optionable
Optionable
Beta
0.61

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This page (NYSE:ADC) was last updated on 11/5/2024 by MarketBeat.com Staff
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