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Agree Realty Corporation (ADC)

Stock Price: $70.36 USD 0.51 (0.73%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 4.51B
Revenue (ttm) 270.59M
Net Income (ttm) 100.27M
Shares Out 64.15M
EPS (ttm) 1.77
PE Ratio 39.75
Forward PE 38.76
Dividend $2.44
Dividend Yield 3.47%
Trading Day May 7
Last Price $70.36
Previous Close $69.85
Change ($) 0.51
Change (%) 0.73%
Day's Open 69.98
Day's Range 69.80 - 70.44
Day's Volume 419,615
52-Week Range 52.72 - 73.00

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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...

2 days ago - PRNewsWire

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...

3 days ago - Benzinga

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 days ago - Zacks Investment Research

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 days ago - PRNewsWire

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...

3 weeks ago - PRNewsWire

Add some serious passive income to your portfolio with these higher-yielding monthly dividend stocks to buy. The post 7 Monthly Dividend Stocks That Pay the Bills appeared first on InvestorPlace.

Other stocks mentioned: AGNC, ARR, BRMK, CRT, DX, PBA
1 month ago - InvestorPlace

If you want monthly dividends from your stock portfolio, consider these five stocks that pay investors 12 times each year.

Other stocks mentioned: HRZN, LTC, O, SLG
1 month ago - The Motley Fool

BLOOMFIELD HILLS, Mich., April 1, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on March rent collections.

1 month ago - PRNewsWire

BLOOMFIELD HILLS, Mich., March 31, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its first quarter operating results after the market clo...

1 month ago - PRNewsWire

Agree Realty Corporation (NYSE: ADC) has released its inaugural environmental, social and governance (ESG) report highlighting how the retail REIT emphasizes sustainability and responsibility. “We are c...

1 month ago - Benzinga

BLOOMFIELD HILLS, Mich., March 29, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company" or "Agree") today announced the release of its inaugural environmental, social and governance ...

1 month ago - PRNewsWire

These companies should produce steady income streams.

Other stocks mentioned: CWEN, XEL, CWEN.A
1 month ago - The Motley Fool

BLOOMFIELD HILLS, Mich., March 18, 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...

1 month ago - PRNewsWire

3 Retail REIT Stocks Set to Escape Pandemic-Led Industry Weakness

Other stocks mentioned: SPG, UBA
1 month ago - Zacks Investment Research

Agree Realty is a real estate investment trust (REIT) which acquires, develops and leases retail properties. Agree leases its properties to some of the country's biggest brands including Walmart (NYSE: ...

Other stocks mentioned: CAT, SQ
1 month ago - Benzinga

BLOOMFIELD HILLS, Mich., March 2, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced its progress on February rent collections. As of March 1, 2021, the Company ha...

2 months ago - PRNewsWire

Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. Returning buyers and chief executives were among the insiders making purchases this week.

Other stocks mentioned: CAR, ZTS
2 months ago - Benzinga

In hosting its earnings report call for the fourth quarter and full-year 2020, Agree Realty Corp. embodied the old advice of how to react when life hands you lemons. Despite an unprecedented environment...

2 months ago - Benzinga

BLOOMFIELD HILLS, Mich., Feb. 22, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") is pleased to announce that effective today, Simon Leopold has joined the Company as its Chief...

2 months ago - PRNewsWire

Agree Realty (ADC) delivered FFO and revenue surprises of 1.20% and 3.57%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

The best analogy I can come with right now is something I learned playing blackjack. In my twenties, I regularly visited Las Vegas to attend conventions. On the side, I'd sit around the table playing bl...

Other stocks mentioned: AMT, CONE, COR, EQIX, GME, KRC, MPW ...
3 months ago - Seeking Alpha

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.

3 months ago - Seeking Alpha

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 group of 2...

3 months ago - Seeking Alpha

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 declared, a mo...

3 months ago - PRNewsWire

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 results a...

3 months ago - PRNewsWire

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 shares of its c...

4 months ago - PRNewsWire

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 of its co...

4 months ago - PRNewsWire

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 collections.

4 months ago - Zacks Investment Research

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 and collater...

4 months ago - PRNewsWire

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 acquisition and d...

4 months ago - PRNewsWire

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

Other stocks mentioned: HTA
4 months ago - Seeking Alpha

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
4 months ago - Seeking Alpha

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 (the "Board")...

5 months ago - PRNewsWire

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

5 months ago - Zacks Investment Research

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 November rent col...

5 months ago - PRNewsWire

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 hold up to e...

Other stocks mentioned: STOR
5 months ago - Seeking Alpha

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
5 months ago - Seeking Alpha

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

Other stocks mentioned: O, ROIC
5 months ago - Zacks Investment Research

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

Other stocks mentioned: ESS
6 months ago - Seeking Alpha

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 Company h...

6 months ago - PRNewsWire

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 investmen...

6 months ago - PRNewsWire

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.

6 months ago - Seeking Alpha

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 earnings and...

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

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 $0, you sh...

Other stocks mentioned: AMC, EPR, FCPT, GNL, GTY, NNN, O ...
6 months ago - Seeking Alpha

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, omnichanne...

6 months ago - Seeking Alpha

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

6 months ago - Seeking Alpha

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?

6 months ago - Zacks Investment Research

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 amounts includ...

6 months ago - PRNewsWire

Triple Net Dividend Time

Other stocks mentioned: EPR, FCPT, GTY, NNN, O, SRC, STOR ...
6 months ago - Seeking Alpha

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

7 months ago - Zacks Investment Research

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 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 Forecasts

According to 13 analysts, the average rating for Agree Realty stock is "Strong Buy." The 12-month stock price forecast is 77.17, which is an increase of 9.68% from the latest price.

Price Target
$77.17
(9.68% upside)
Analyst Consensus: Strong Buy