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Agree Realty Corporation (ADC)

NYSE: ADC · IEX Real-Time Price · USD
67.70 -0.73 (-1.07%)
Sep 24, 2021 3:03 PM EDT - Market open
Market Cap4.77B
Revenue (ttm)295.60M
Net Income (ttm)97.35M
Shares Out68.92M
EPS (ttm)1.64
PE Ratio41.36
Forward PE38.76
Dividend$2.49 (3.68%)
Ex-Dividend DateSep 29, 2021
Volume193,383
Open68.40
Previous Close68.43
Day's Range67.33 - 68.46
52-Week Range59.26 - 75.73
Beta0.33
AnalystsStrong Buy
Price Target81.77 (+20.8%)
Est. Earnings DateOct 18, 2021

About ADC

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol ADC.

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateApr 15, 1994
Employees49
Stock ExchangeNYSE
Ticker SymbolADC
Full Company Profile

Financial Performance

In 2020, Agree Realty's revenue was $248.57 million, an increase of 32.59% compared to the previous year's $187.48 million. Earnings were $91.38 million, an increase of 14.11%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for Agree Realty stock is "Strong Buy." The 12-month stock price forecast is 81.77, which is an increase of 20.78% from the latest price.

Price Target
$81.77
(20.78% upside)
Analyst Consensus: Strong Buy

News

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5 days ago - The Motley Fool

Agree Realty Declares Monthly Common and Preferred Dividends

BLOOMFIELD HILLS, Mich., Sept. 17, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a m...

6 days ago - PRNewsWire

Agree Realty Announces Appointment of Michael Judlowe to Board of Directors

BLOOMFIELD HILLS, Mich., Sept. 13, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Michael Judlowe has joined the Company's Board of Directors (the "Board").

1 week ago - PRNewsWire

Agree Realty Announces Pricing of Offering of Depositary Shares Representing 4.250% Series A Cumulative Redeemable Pr...

BLOOMFIELD HILLS, Mich., Sept. 8, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has priced an underwritten public offering of 7,000,000 depositary sha...

2 weeks ago - PRNewsWire

Omni Design Opens Design Center in Fort Collins, Colorado

SAN JOSE, Calif.--(BUSINESS WIRE)---- $ADC #5G--Omni Design Technologies, a leading provider of high-performance, low-power mixed-signal intellectual property (IP) products, today announced the opening ...

2 weeks ago - Business Wire

Agree Realty Names David D. Darling as Vice President of Real Estate

BLOOMFIELD HILLS, Mich., Aug. 30, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") is pleased to announce that David D.

3 weeks ago - PRNewsWire

NJ Bio Welcomes Ilan Kaufthal as Senior Advisor and Pharmaceutical Executives, Ronald Gold, Steven Klosk, and Chetan ...

PRINCETON, N.J.--(BUSINESS WIRE)---- $ADC #ADCs--NJ Bio welcomes Ilan Kaufthal, Ron Gold, Steve Klosk and Chetan Jain to its Board of Directors. With their support, NJ Bio plans to be leading CRO.

4 weeks ago - Business Wire

Agree Realty Declares Monthly Cash Dividend

BLOOMFIELD HILLS, Mich., Aug. 17, 2021   /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a ...

1 month ago - PRNewsWire

Agree Realty Announces Departure of Chief Financial Officer and Appointment of Interim Chief Financial Officer

BLOOMFIELD HILLS, Mich., Aug. 11, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Simon Leopold has resigned from his positions as Executive Vice President...

1 month ago - PRNewsWire

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1 month ago - Kiplinger

Agree Realty (ADC) Q2 FFO and Revenues Top Estimates

Agree Realty (ADC) delivered FFO and revenue surprises of 1.14% and 0.64%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Agree Realty Corporation Reports Second Quarter 2021 Results

BLOOMFIELD HILLS, Mich., July 26, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2021.

1 month ago - PRNewsWire

Should You Buy Agree Realty (ADC) Ahead of Earnings?

Agree Realty (ADC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

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2 months ago - InvestorPlace

Agree Realty Announces Second Quarter 2021 Earnings Release Date and Conference Call Information

BLOOMFIELD HILLS, Mich., June 30, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its second quarter operating results after the market clo...

2 months ago - PRNewsWire

Agree Realty Announces Pricing of Common Stock Offering

BLOOMFIELD HILLS, Mich., June 10, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has priced an underwritten public offering of 4,000,000 shares of its ...

3 months ago - PRNewsWire

Agree Realty Announces Common Stock Offering

BLOOMFIELD HILLS, Mich., June 10, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,000,000 shares of its c...

3 months ago - PRNewsWire

Agree Realty Prices $650 Million of Dual-Tranche Senior Unsecured Notes

BLOOMFIELD HILLS, Mich., May 5, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its operating partnership, Agree Limited Partnership (the "Operating Partne...

4 months ago - PRNewsWire

Agree Realty Posts Q1 Earnings Beat, Raises Full-Year Acquisition Guidance To $1.1B-$1.3B

Agree Realty Corporation (NYSE: ADC) released its first-quarter 2021 results on Monday with revenues beating Wall Street expectations. What Happened: The Michigan-based company posted a revenue of $77.8...

4 months ago - Benzinga

Agree Realty (ADC) Beats Q1 FFO and Revenue Estimates

Agree Realty (ADC) delivered FFO and revenue surprises of 1.20% and 2.74%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Agree Realty Corporation Reports First Quarter 2021 Results

BLOOMFIELD HILLS, Mich., May 3, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2021.

4 months ago - PRNewsWire

Agree Realty Declares Increased Monthly Cash Dividend

BLOOMFIELD HILLS, Mich., April 15, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a m...

5 months ago - PRNewsWire

7 Monthly Dividend Stocks That Pay the Bills

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