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Agree Realty (ADC)
NYSE:ADC
Holding ADC?
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ADC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$52.69 - $77.30
Previous Close$75.97
Volume46.43K
Average Volume (3M)985.40K
Market Cap
$7.66B
Enterprise Value$10.30B
Total Cash (Recent Filing)$9.64M
Total Debt (Recent Filing)$2.67B
Price to Earnings (P/E)42.7
Beta0.46
Next Earnings
Oct 21, 2024EPS Estimate
$0.43Next Dividend Ex-Date
Sep 30, 2024Dividend Yield3.86%
Share Statistics
EPS (TTM)1.80
Shares Outstanding100,624,549
10 Day Avg. Volume905,151
30 Day Avg. Volume985,397
Standard Deviation0.06
R-Squared0.32
Alpha-0.00285
Financial Highlights & Ratios
Price to Book (P/B)1.53
Price to Sales (P/S)13.24
Price to Cash Flow (P/CF)19.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.89
Enterprise Value/Gross Profit19.17
Enterprise Value/Ebitda19.24
Forecast
1Y Price Target
$73.63Price Target Upside-3.26% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Agree Realty News
Bulls Say, Bears Say
Bulls Say
AcquisitionsThe company raised its FY 24 acquisition guidance to approximately $700 million from the previous $600 million, indicating a strong commitment to expanding its portfolio.
Financial PerformanceAgree Realty Corporation announced a favorably priced $450M unsecured notes offering, which should have positive bottom-line implications, while lengthening the maturity profile of the balance sheet.
LiquidityADC estimates total liquidity of over $1.4 billion, including forward equity, revolver capacity, and cash on hand, ensuring ample funds for strategic investments.
Bears Say
Capital Raising ImpedimentsADC's WACC is currently in the high 6s / low 7s, implying spreads of just ~75-100bps and would impede capital raising / subsequent capital deployment near-term.
Debt LevelsADC’s net debt/recurring EBITDA increased.
Share Count DilutionHigher share count dilution due to the treasury stock account on their forward equity balance should mostly offset the lease termination fee impact.
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Ownership Overview
2.30% Insiders
35.72% Mutual Funds
57.05% Other Institutional Investors
4.93% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ADC FAQ
What was Agree Realty’s price range in the past 12 months?
Agree Realty lowest stock price was $52.69 and its highest was $77.30 in the past 12 months.
What is Agree Realty’s market cap?
Currently, no data Available
When is Agree Realty’s upcoming earnings report date?
Agree Realty’s upcoming earnings report date is Oct 21, 2024 which is in 33 days.
How were Agree Realty’s earnings last quarter?
Agree Realty released its earnings results on Jul 23, 2024. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.442 by $0.078.
Is Agree Realty overvalued?
According to Wall Street analysts Agree Realty’s price is currently Overvalued.
Does Agree Realty pay dividends?
Agree Realty pays a Monthly dividend of $0.25 which represents an annual dividend yield of 3.86%. See more information on Agree Realty dividends here
What is Agree Realty’s EPS estimate?
Agree Realty’s EPS estimate is $0.43.
How many shares outstanding does Agree Realty have?
Agree Realty has 100,624,550 shares outstanding.
What happened to Agree Realty’s price movement after its last earnings report?
Agree Realty reported an EPS of $0.52 in its last earnings report, beating expectations of $0.442. Following the earnings report the stock price went up 1.737%.
Which hedge fund is a major shareholder of Agree Realty?
Among the largest hedge funds holding Agree Realty’s share is Fisher Asset Management LLC. It holds Agree Realty’s shares valued at 7M.
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Agree Realty Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$73.63 (-3.26% Downside)
$73.63 (-3.26% Downside)
Blogger Sentiment
Bullish
ADC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 373.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
34.24%
12-Months-Change
Fundamentals
Return on Equity
3.68%
Trailing 12-Months
Asset Growth
10.02%
Trailing 12-Months
Company Description
Agree Realty
Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.
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ADC Company Deck
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ADC Earnings Call
Q2 2024
0:00 / 0:00
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ADC Stock 12 Month Forecast
Average Price Target
$73.63
▼(-3.26% Downside)
Technical Analysis
Realty Income
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W. P. Carey Inc.
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Essential Properties Realty
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National Retail Properties
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Best Analysts Covering ADC
1 Year
1 Year Success Rate
16/23 ratings generated profit
1 Year Average Return
+12.46%
reiterated a buy rating last month
Copying Ki Bin Kim's trades and holding each position for 1 Year would result in 69.57% of your transactions generating a profit, with an average return of +12.46% per trade.
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