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Agree Realty Corporation (ADC)

Stock Price: $64.84 USD 0.68 (1.06%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
Market Cap 4.09B
Revenue (ttm) 229.29M
Net Income (ttm) 90.33M
Shares Out 53.72M
EPS (ttm) 1.84
PE Ratio 35.26
Forward PE 35.46
Dividend $2.48
Dividend Yield 3.82%
Trading Day January 22
Last Price $64.84
Previous Close $64.16
Change ($) 0.68
Change (%) 1.06%
Day's Open 63.76
Day's Range 63.52 - 64.92
Day's Volume 343,537
52-Week Range 46.74 - 76.62

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Seeking Alpha - 2 days ago

Agree has until recently traded at the highest valuation among triple net REITs. Weak pricing performance in the past 10 months has made the stock opportunistic.

Seeking Alpha - 5 days ago

I was one of ADC's biggest bulls in 2020, writing three articles about the REIT over the course of the year. ADC is a high-quality, farsighted, fast-growing retail REIT that focuses on a core ...

PRNewsWire - 1 week ago

BLOOMFIELD HILLS, Mich., Jan. 14, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has decl...

PRNewsWire - 1 week ago

BLOOMFIELD HILLS, Mich., Jan. 12, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its fourth quarter and full year 2020 operating...

PRNewsWire - 2 weeks ago

BLOOMFIELD HILLS, Mich., Jan. 6, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has priced an underwritten public offering of 3,000,000 share...

PRNewsWire - 2 weeks ago

BLOOMFIELD HILLS, Mich., Jan. 6, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 3,000,000 shares...

Zacks Investment Research - 2 weeks ago

Amid the pandemic-led tenants' liquidity crisis, Agree Realty's (ADC) acquisitions enhance its tenant roster with the addition of well-capitalized retailers and facilitated strong rent collect...

PRNewsWire - 2 weeks ago

BLOOMFIELD HILLS, Mich., Jan. 4, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the launch of its RETHINK RETAIL initiative, new corporate website an...

PRNewsWire - 2 weeks ago

BLOOMFIELD HILLS, Mich., Jan. 4, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of its record investment activity in 2020, provided acquisi...

Seeking Alpha - 1 month ago

Popular opinion isn't always worth its weight. Becoming a millionaire almost always takes more than a half hour.

Other stocks mentioned: HTA
Seeking Alpha - 1 month ago

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. An average increase of 4.92% and a median increase of 5.11%.

Other stocks mentioned: AMT, GTY, TTC
PRNewsWire - 1 month ago

BLOOMFIELD HILLS, Mich., Dec. 3, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Karen J. Dearing has joined the Company's Board of Directors (th...

Zacks Investment Research - 1 month ago

Agree Realty's (ADC) healthy rent collections, secure balance sheet and cash flow position support its quarterly dividend hikes.

PRNewsWire - 1 month ago

BLOOMFIELD HILLS, Mich., Dec. 1, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today declared an increased quarterly cash dividend and provided an update on Novembe...

Seeking Alpha - 1 month ago

STOR and ADC take two very different paths to alpha in the net lease REIT space, but I view them both as all-stars. Let's pit these two heavyweights against each other and see how well they ho...

Other stocks mentioned: STOR
Seeking Alpha - 2 months ago

We've known that eventually, this too shall pass. Since March, we've maintained a consistent opinion regarding the transient nature of this biological crisis.

Other stocks mentioned: EPRT, NNN, O, STOR
Zacks Investment Research - 2 months ago

3 Retail REIT Stocks Trying To Escape COVID-19-Led Industry Scare

Other stocks mentioned: O, ROIC
Seeking Alpha - 2 months ago

In and of itself, instant gratification isn't always a bad thing. On the one hand, "No pain, no gain."

Other stocks mentioned: ESS
PRNewsWire - 2 months ago

BLOOMFIELD HILLS, Mich., Nov. 2, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on October rent collections. As of October 30, 2020, the...

PRNewsWire - 2 months ago

BLOOMFIELD HILLS, Mich., Oct. 26, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today updated the percentage of its portfolio's annualized base rents generated from...

Seeking Alpha - 3 months ago

ADC has reported rent collection rates that outpace industry peers. The strong financial performance can be attributed to the high financial credit profile of its portfolio.

Seeking Alpha - 3 months ago

This year is the first since the Great Recession when many REIT sectors have been beaten down substantially in price. In some sectors the market seems to be anticipating permanent losses of ea...

Other stocks mentioned: FRT, O, SRC, WRI
Seeking Alpha - 3 months ago

AMC is a dreadful exposure for any REIT, but the more exposure a REIT has to AMC, the harder it will be. We expect AMC to go bankrupt and bearish on the name. When you expect a stock to go to ...

Other stocks mentioned: AMC, EPR, FCPT, GNL, GTY, NNN, O, SRC, STOR, VER, WPC
Seeking Alpha - 3 months ago

ADC has been playing some serious offense this year, acquiring almost $1 billion of properties. At the same time, it has also been playing some strong defense by focusing on investment grade, ...

Seeking Alpha - 3 months ago

Agree Realty Corporation (ADC) CEO Joey Agree on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Agree Realty (ADC) delivered FFO and revenue surprises of 1.27% and 4.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 3 months ago

BLOOMFIELD HILLS, Mich., Oct. 19, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended September 30, 2020. All per share amou...

Seeking Alpha - 3 months ago

Triple Net Dividend Time

Other stocks mentioned: EPR, FCPT, GTY, NNN, O, SRC, STOR, VER, WPC
Zacks Investment Research - 3 months ago

Agree Realty's (ADC) rent collections for September improve relative to July and August receipts, highlighting the resiliency in its impressive portfolio.

PRNewsWire - 3 months ago

BLOOMFIELD HILLS, Mich., Sept. 30, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on September and third quarter rent collections. As of...

Seeking Alpha - 3 months ago

We’re in the midst of a global pandemic, in which property valuations are up, down, and all around.

Other stocks mentioned: EPR, EPRT, FCPT, GNL, GOOD, GOODM, NNN, NTST, O, OLP, SRC, STOR, VER, WPC
PRNewsWire - 4 months ago

BLOOMFIELD HILLS, Mich., Sept. 23, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter 2020 operating results after...

Zacks Investment Research - 4 months ago

Agree Realty (ADC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

PRNewsWire - 4 months ago

BLOOMFIELD HILLS, Mich., Sept. 9, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has decl...

Seeking Alpha - 4 months ago

Tech wreck: The "unofficial end" of summer came with one final "splash" in its final days as volatility returned to U.S. equity markets following several months of relative tranquility.

Other stocks mentioned: ABR, ACC, AGNC, AJX, AJXA, ARR, AWP, BBRE, BKI, CBL, CONE, DIA, DLR, EFC, EGP, FR, FREL, FRI, GQRE, HAUZ, HYG, ICF, IEF, IFGL
Zacks Investment Research - 4 months ago

Agree Realty's (ADC) rent collections for August improve relative to July and second-quarter receipts, demonstrating the resiliency in its impressive portfolio.

Seeking Alpha - 4 months ago

The Most Reliable REITs For Retirees: The Coronavirus Edition (Round 2)

Other stocks mentioned: AFIN, AFINP, AMC, EPR, EPRT, FCPT, FV, NNN, NTST, O, SRC, STOR, WPC
Seeking Alpha - 4 months ago

Overcoming REIT Investing Biases

Other stocks mentioned: EPR, EQR, HST, MPW, STAG, TCO, VTR, ZM
Benzinga - 5 months ago

Agree Realty Corporation (NYSE: ADC) announced Monday the appointment of Craig Erlich as Chief Investment Officer, effective Aug.

PRNewsWire - 5 months ago

BLOOMFIELD HILLS, Mich., Aug. 17, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the appointment of Craig Erlich as Chief Investment Officer, effecti...

Zacks Investment Research - 5 months ago

Agree Realty (ADC) taps the debt market with a $350-million senior unsecured notes offering. The proceeds from the offering will be used to fund acquisitions and development activities.

PRNewsWire - 5 months ago

BLOOMFIELD HILLS, Mich., Aug. 12, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its operating partnership, Agree Limited Partnership (the "Oper...

Seeking Alpha - 5 months ago

Agree Realty: Too Bad The Market Knows About This Superb Net Lease REIT

Seeking Alpha - 6 months ago

Agree Realty Corporation (ADC) CEO Joey Agree on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Agree Realty (ADC) delivered FFO and revenue surprises of 5.56% and 4.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 6 months ago

BLOOMFIELD HILLS, Mich., July 20, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2020.

Zacks Investment Research - 6 months ago

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

Forbes - 6 months ago

Lockdowns have been tough on real estate investment trusts (REITs).

Other stocks mentioned: EGP, ELS, FR, GTY, IIPR, PLD
Zacks Investment Research - 6 months ago

Retail REIT Stocks' Outlook Gloomy Amid Coronavirus Scare

Other stocks mentioned: O, REG
Zacks Investment Research - 7 months ago

Agree Realty (ADC) collects 88% of its initial June rental receipts and defers 5%.

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.

Industry
REIT-Retail
IPO Date
Apr 15, 1994
Stock Exchange
NYSE
Ticker Symbol
ADC
Full Company Profile

Financial Performance

In 2019, Agree Realty's revenue was $187.48 million, an increase of 36.72% compared to the previous year's $137.12 million. Earnings were $80.08 million, an increase of 37.66%.

Financial Statements

Analyst Forecasts

According to 13 analysts, the average rating for Agree Realty stock is "Strong Buy." The 12-month stock price forecast is 76.81, which is an increase of 18.46% from the latest price.

Price Target
$76.81
(18.46% upside)
Analyst Consensus: Strong Buy