Agree Realty Corporation (ADC)

NYSE: ADC · IEX Real-Time Price · USD
66.76
-0.85 (-1.26%)
At close: Oct 4, 2022 4:00 PM
66.65
-0.11 (-0.16%)
After-hours: Oct 4, 2022 7:25 PM EDT
-1.26%
Market Cap 5.35B
Revenue (ttm) 382.17M
Net Income (ttm) 136.03M
Shares Out 80.18M
EPS (ttm) 1.89
PE Ratio 35.32
Forward PE 24.81
Dividend $2.77 (4.14%)
Ex-Dividend Date Sep 29, 2022
Volume 886,617
Open 68.04
Previous Close 67.61
Day's Range 66.41 - 68.65
52-Week Range 61.62 - 80.44
Beta 0.42
Analysts Buy
Price Target 83.80 (+25.5%)
Earnings Date Oct 31, 2022

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. [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Apr 15, 1994
CEO Joey Agree
Employees 57
Stock Exchange NYSE
Ticker Symbol ADC
Full Company Profile

Financial Performance

In 2021, Agree Realty's revenue was $339.32 million, an increase of 36.51% compared to the previous year's $248.57 million. Earnings were $122.27 million, an increase of 33.81%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for ADC stock is "Buy." The 12-month stock price forecast is 83.8, which is an increase of 25.52% from the latest price.

Price Target
$83.8
(25.52% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Agree Realty Announces Third Quarter 2022 Earnings Release Date and Conference Call Information

BLOOMFIELD HILLS, Mich. , Oct. 4, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter operating results after the market clos...

10 hours ago - PRNewsWire

Got $3,000? Top Real Estate Stocks to Buy for the Long Term

These three REITs offer opportunity and diversity for buy-and-hold investors.

Other symbols: DLRPLD
19 hours ago - The Motley Fool

Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock

BLOOMFIELD HILLS, Mich. , Oct. 3, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,750,000 shares of its common st...

1 day ago - PRNewsWire

Why Agree Realty (ADC) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Agree Realty (ADC) have what it takes?

1 day ago - Zacks Investment Research

7 Cheap Income Stocks Everyone Should Own

Many go price hunting during a bear market. However, I prefer hunting for total return.

Other symbols: BTICDVNSPGTSM
4 days ago - InvestorPlace

Agree Realty Announces Pricing of Forward Common Stock Offering

BLOOMFIELD HILLS, Mich. , Sept. 29, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 5,000,000 shares of its common stock a...

5 days ago - PRNewsWire

Agree Realty Announces Settlement of All Outstanding Forward Equity for Net Proceeds of Approximately $599 million

BLOOMFIELD HILLS, Mich. , Sept. 28, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will settle all outstanding forward equity for net proceeds of appro...

6 days ago - PRNewsWire

Agree Realty Announces Common Stock Offering

BLOOMFIELD HILLS, Mich. , Sept. 28, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 5,000,000 shares of its...

6 days ago - PRNewsWire

3 Top Real Estate Stocks to Buy in September

Two retail property owners and a gaming giant present solid opportunities.

Other symbols: GTYVICI
1 week ago - The Motley Fool

Agree Realty Declares Monthly Common and Preferred Dividends

BLOOMFIELD HILLS, Mich. , Sept. 13, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a ...

3 weeks ago - PRNewsWire

Beat the Dow Jones With This Unstoppable Dividend Stock

Agree Realty glows green this year while most REITs are rolling in the red.

3 weeks ago - The Motley Fool

If You Like This Warren Buffett Dividend Stock, You'll Love These 2 Stocks

Warren Buffett only owns one of these dividend stocks.

Other symbols: WPC
1 month ago - The Motley Fool

3 Soaring Dividend Stocks I Would Buy Even in a Recession

These real estate investment trusts prospered during and following the pandemic.

Other symbols: FRTPSA
1 month ago - The Motley Fool

1 Dividend Stock That Is Absolutely Soaring

Growth is great, but I'd choose steady income over potential growth any day.

1 month ago - The Motley Fool

3 Under-the-Radar Ironclad Dividend Stocks You Won't Want to Miss

These relatively unknown dividends are on rock solid ground.

Other symbols: CEQPIRM
1 month ago - The Motley Fool

EPR or ADC: Which Is the Better Value Stock Right Now?

EPR vs. ADC: Which Stock Is the Better Value Option?

Other symbols: EPR
1 month ago - Zacks Investment Research

Better Real Estate Stock: Equity Residential vs. Agree Realty

Which REIT is a better fit for your portfolio in a bear market?

Other symbols: EQR
1 month ago - The Motley Fool

Looking for Monthly Passive Income? These 3 REITs Are for You

Get paid 12 times a year instead of just four with these real estate equities.

Other symbols: GOODSTAG
1 month ago - The Motley Fool

Agree Realty Announces Pricing of $300 Million of 4.800% Senior Unsecured Notes Due 2032

The Notes have an Effective All-In Rate of 3.76% Inclusive of Prior Hedging Activity BLOOMFIELD HILLS, Mich. , Aug. 15, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today an...

1 month ago - PRNewsWire

Worried About a Recession? These 3 REITs Aren't.

Demand for this real estate should prove durable even if there's an economic downturn.

Other symbols: EQRPLD
1 month ago - The Motley Fool

3 Safe Dividend Stocks Set To Outperform the S&P 500

These stocks can offer generous dividend yields with safety to boot.

Other symbols: OWPC
1 month ago - The Motley Fool

How to Invest $10K in Real Estate

Dividing your stake among this retail property owner, cell-tower operator, and small-warehouse specialist could yield impressive results.

Other symbols: CCITRNO
1 month ago - The Motley Fool

Agree Realty (ADC) Surpasses Q2 FFO and Revenue Estimates

Agree Realty (ADC) delivered FFO and revenue surprises of 2.08% and 1.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Agree Realty Corporation Reports Second Quarter 2022 Results

Increases 2022 Acquisition Guidance to $1.5 Billion to $1.7 Billion; Raises 2022 Development and PCS Guidance to $75 Million to $125 Million Commenced BLOOMFIELD HILLS, Mich. , Aug. 2, 2022 /PRNewswire/...

2 months ago - PRNewsWire

3 Dividend Stocks That Prove That Slow But Steady Wins the Race

Agree Realty, Mid-America Apartment Communities, and Prologis have the past, present, and future to merit investor interest.

Other symbols: MAAPLD
2 months ago - The Motley Fool