Agree Realty Corporation (ADC)

Market Cap	5.87B
Revenue (ttm)	560.33M
Net Income (ttm)	165.77M
Shares Out	100.63M
EPS (ttm)	1.70
PE Ratio	34.34
Forward PE	31.49
Dividend	$3.00 (5.14%)
Ex-Dividend Date	Apr 29, 2024

Volume	1,428,304
Open	58.00
Previous Close	57.56
Day's Range	57.07 - 58.83
52-Week Range	52.69 - 69.26
Beta	0.53
Analysts	Buy
Price Target	66.65 (+14.19%)
Earnings Date	Apr 23, 2024

About ADC

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.

• Industry: REIT - Retail
• Sector: Real Estate
• IPO Date: Apr 15, 1994
• Employees: 72
• Stock Exchange: NYSE
• Ticker Symbol: ADC

Financial Performance

In 2023, Agree Realty's revenue was $537.50 million, an increase of 25.05% compared to the previous year's $429.81 million. Earnings were $162.52 million, an increase of 12.08%.

Analyst Forecast

According to 10 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is $66.65, which is an increase of 14.19% from the latest price.

Price Target

$66.65

(14.19% upside)

Analyst Consensus: Buy