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Agree Realty (ADC)
NYSE:ADC
Agree Realty (ADC) Stock Price & Analysis
1,000 Followers
ADC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$51.37 - $66.41
Previous Close$60.53
Volume537.55K
Average Volume (3M)980.98K
Market Cap
$6.09B
Enterprise Value$8.23B
Total Cash (Recent Filing)$8.07M
Total Debt (Recent Filing)$2.14B
Price to Earnings (P/E)35.8
Beta0.56
Next Earnings
Jul 22, 2024EPS Estimate
$0.44Next Dividend Ex-Date
May 31, 2024Dividend Yield4.86%
Share Statistics
EPS (TTM)1.69
Shares Outstanding100,625,948
10 Day Avg. Volume647,835
30 Day Avg. Volume980,976
Standard Deviation0.06
R-Squared0.25
Alpha-0.00270
Financial Highlights & Ratios
Price to Book (P/B)1.53
Price to Sales (P/S)14.17
Price to Cash Flow (P/CF)17.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.64
Enterprise Value/Gross Profit18.27
Enterprise Value/Ebitda19.52
Forecast
1Y Price Target
$66.15Price Target Upside9.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Agree Realty News
Bulls Say, Bears Say
Bulls Say
Dividend PolicyAgree Realty Corporation's recent increase in monthly dividends reflects its commitment to delivering consistent and growing returns to its shareholders.
Earnings GrowthThe company's latest earnings report has outpaced market expectations, coupled with an optimistic full-year guidance, highlighting its robust financial health and potential for continued growth.
Financial StrategyAgree Realty Corporation's strategic financial management has led to a strong balance sheet, offering the flexibility to take advantage of investment opportunities and drive shareholder returns.
Bears Say
Asset QualityRecent acquisitions show a slight uptick along the risk curve with lower WALT and a smaller percentage of I-grade tenants.
Financial StrategyADC's current WACC implies spreads of just ~75-100bps, which could hinder near-term capital raising and deployment.
Guidance WithdrawalWithdrawal of acquisition guidance had previously created uncertainty and negatively impacted share performance.
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Ownership Overview
2.28% Insiders
33.44% Mutual Funds
49.42% Other Institutional Investors
14.86% 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 $51.37 and its highest was $66.41 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 Jul 22, 2024 which is in 64 days.
How were Agree Realty’s earnings last quarter?
Agree Realty released its earnings results on Apr 23, 2024. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.446 by -$0.016.
Is Agree Realty overvalued?
According to Wall Street analysts Agree Realty’s price is currently Undervalued.
Does Agree Realty pay dividends?
Agree Realty pays a Monthly dividend of $0.25 which represents an annual dividend yield of 4.86%. See more information on Agree Realty dividends here
What is Agree Realty’s EPS estimate?
Agree Realty’s EPS estimate is $0.44.
How many shares outstanding does Agree Realty have?
Agree Realty has 100,625,946 shares outstanding.
What happened to Agree Realty’s price movement after its last earnings report?
Agree Realty reported an EPS of $0.43 in its last earnings report, missing expectations of $0.446. Following the earnings report the stock price went up 1.413%.
Which hedge fund is a major shareholder of Agree Realty?
Among the largest hedge funds holding Agree Realty’s share is AEW Capital Management, L.P.. It holds Agree Realty’s shares valued at 29M.
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Agree Realty Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$66.15 (9.28% Upside)
$66.15 (9.28% Upside)
Blogger Sentiment
Bullish
ADC Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 50.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $2.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.22%
12-Months-Change
Fundamentals
Return on Equity
3.46%
Trailing 12-Months
Asset Growth
12.63%
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
Q1 2024
0:00 / 0:00
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ADC Stock 12 Month Forecast
Average Price Target
$66.15
▲(9.28% Upside)
Technical Analysis
Best Analysts Covering ADC
1 Year
1 Year Success Rate
9/15 ratings generated profit
1 Year Average Return
+9.44%
reiterated a buy rating 11 months ago
Copying RJ Milligan's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +9.44% per trade.
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