Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Agree Realty (ADC)
NYSE:ADC
Agree Realty (ADC) Stock Price & Analysis
1,083 Followers
ADC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$50.95 - $65.87
Previous Close$61.9
Volume220.23K
Average Volume (3M)787.17K
Market Cap
$6.23B
Enterprise Value$8.37B
Total Cash (Recent Filing)$8.07M
Total Debt (Recent Filing)$2.14B
Price to Earnings (P/E)36.6
Beta0.62
Next Earnings
Jul 23, 2024EPS Estimate
$0.44Last Dividend Ex-Date
Jun 28, 2024Dividend Yield4.78%
Share Statistics
EPS (TTM)1.69
Shares Outstanding100,625,948
10 Day Avg. Volume797,364
30 Day Avg. Volume787,173
Standard Deviation0.06
R-Squared0.28
Alpha-0.00343
Financial Highlights & Ratios
Price to Book (P/B)1.56
Price to Sales (P/S)14.40
Price to Cash Flow (P/CF)17.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.84
Enterprise Value/Gross Profit18.58
Enterprise Value/Ebitda19.85
Forecast
1Y Price Target
$65.88Price Target Upside6.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Agree Realty News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAgree Realty Corporation announced first quarter earnings ahead of expectations, while introducing expanded investment volume for the year.
Guidance And GrowthADC's newly-provided FY24 AFFO/sh guidance range of $4.10 - $4.13 indicates 4% AFFO growth at the midpoint, surpassing earlier estimates.
Investment StrategyManagement has proven to consistently make prudent decisions to accretively deploy capital, supporting an earnings outlook which comes in ahead of expectations.
Bears Say
Financial PerformanceNet debt to recurring EBITDA increased to 4.8x.
LeasingExposure to investment grade rated tenants decreased to 68.8%.
Market SentimentADC recently withdrew discussing acquisition guidance, which helped create a narrative of lower acquisitions volumes and uncertainty, which significantly weighed on share performance.
---
Ownership Overview
2.31% Insiders
33.40% Mutual Funds
27.28% Other Institutional Investors
37.01% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
ADC FAQ
What was Agree Realty’s price range in the past 12 months?
Agree Realty lowest stock price was $50.95 and its highest was $65.87 in the past 12 months.
What is Agree Realty’s market cap?
Currently, no data Available
When is Agree Realty’s upcoming earnings report date?
Agree Realty’s upcoming earnings report date is Jul 23, 2024 which is in 18 days.
How were Agree Realty’s earnings last quarter?
Agree Realty released its earnings results on Apr 23, 2024. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.446 by -$0.016.
Is Agree Realty overvalued?
According to Wall Street analysts Agree Realty’s price is currently Undervalued.
Does Agree Realty pay dividends?
Agree Realty pays a Monthly dividend of $0.25 which represents an annual dividend yield of 4.78%. See more information on Agree Realty dividends here
What is Agree Realty’s EPS estimate?
Agree Realty’s EPS estimate is $0.44.
How many shares outstanding does Agree Realty have?
Agree Realty has 100,625,946 shares outstanding.
What happened to Agree Realty’s price movement after its last earnings report?
Agree Realty reported an EPS of $0.43 in its last earnings report, missing expectations of $0.446. Following the earnings report the stock price went up 1.407%.
Which hedge fund is a major shareholder of Agree Realty?
Among the largest hedge funds holding Agree Realty’s share is Fisher Asset Management LLC. It holds Agree Realty’s shares valued at 7M.
---
Agree Realty Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$65.88 (6.43% Upside)
$65.88 (6.43% Upside)
Blogger Sentiment
Bullish
ADC Sentiment 100%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 537.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $594.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-1.17%
12-Months-Change
Fundamentals
Return on Equity
3.46%
Trailing 12-Months
Asset Growth
12.63%
Trailing 12-Months
Company Description
Agree Realty
Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.
---
ADC Company Deck
---
ADC Earnings Call
Q1 2024
0:00 / 0:00
---
ADC Stock 12 Month Forecast
Average Price Target
$65.88
▲(6.43% Upside)
Technical Analysis
Best Analysts Covering ADC
1 Year
1 Year Success Rate
14/21 ratings generated profit
1 Year Average Return
+5.80%
assigned a buy rating 2 months ago
Copying Ki Bin Kim's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +5.80% per trade.
---