Agree Realty Corporation (ADC)
| Market Cap | 4.77B |
| Revenue (ttm) | 295.60M |
| Net Income (ttm) | 97.35M |
| Shares Out | 68.92M |
| EPS (ttm) | 1.64 |
| PE Ratio | 41.36 |
| Forward PE | 38.76 |
| Dividend | $2.49 (3.68%) |
| Ex-Dividend Date | Sep 29, 2021 |
| Volume | 193,383 |
| Open | 68.40 |
| Previous Close | 68.43 |
| Day's Range | 67.33 - 68.46 |
| 52-Week Range | 59.26 - 75.73 |
| Beta | 0.33 |
| Analysts | Strong Buy |
| Price Target | 81.77 (+20.8%) |
| Est. Earnings Date | Oct 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.
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 StatementsAnalyst 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.
News
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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...
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").
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...
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 ...
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.
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.
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 ...
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...
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?
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.
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.
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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...
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 ...
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...
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...
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...
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?
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.
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...
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