Agree Realty
ADC
Market cap $7.37B

73.26 USD

-0.47

0.64%

At close Oct 10, 4:00 PM EDT

Pre-market

71.59

-1.67

2.28%

1 day

-0.64%

5 days

-2.18%

1 month

-4.15%

3 months

18.03%

6 months

29.62%

Year to date

15.35%

1 year

33.81%

5 years

-1.56%

About: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Employees: 72

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

167% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 8 (+5) [Q2]

30% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 44

15% more repeat investments, than reductions

Existing positions increased: 158 | Existing positions reduced: 137

14% more capital invested

Capital invested by funds: $5.68B [Q1] → $6.46B (+$770M) [Q2]

4.58% more ownership

Funds ownership: 99.02% [Q1] → 103.6% (+4.58%) [Q2]

3% more funds holding

Funds holding: 388 [Q1] → 401 (+13) [Q2]

23% less call options, than puts

Call options by funds: $8.52M | Put options by funds: $11.1M

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$67

9%

downside

Avg. target

$75

3%

upside

High target

$81

11%

upside

10 analyst ratings

9 positive

90%

1 neutral

10%

0 negative

0%

Keybanc Upal Rana 100% 1-year accuracy 1 / 1 met price target	9%upside $80	Overweight Maintained	4 Oct 2024
Wells Fargo John Kilichowski 0% 1-year accuracy 0 / 2 met price target	9%upside $80	Overweight Assumed	1 Oct 2024
Wells Fargo Connor Siversky 67% 1-year accuracy 8 / 12 met price target	5%upside $77	Overweight Maintained	26 Aug 2024
Raymond James RJ Milligan 77% 1-year accuracy 17 / 22 met price target	11%upside $81	Strong Buy Maintained	21 Aug 2024
Wells Fargo Connor Siversky 67% 1-year accuracy 8 / 12 met price target	2%upside $75	Overweight Maintained	12 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 22 articles about ADC published over the past 30 days

Agree Realty Declares Increased Monthly Common Dividend

Increase Results in 2.4% Year-Over-Year Growth and Annualized Dividend of $3.036 Per Share ROYAL OAK, Mich. , Oct. 10, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share, representing a 1.2% month-over-month increase.

Agree Realty Declares Increased Monthly Common Dividend

Hard To Imagine Retirement Portfolio Without These 2 Blue Chips, Part 2

It would be fair to assume that usually when it comes to retirement investing, attractive yield and defense are two aspects that dominate investment decisions. If these two aspects have to be in place, there are not that many businesses or securities where to invest. In the previous or Part 1 article, I highlighted BXSL and EPD as two suitable products for defensive income investors.

Hard To Imagine Retirement Portfolio Without These 2 Blue Chips, Part 2

Understanding Net Lease Yields And Who Leads The Way

Net lease REITs offer passive income with less cash flow volatility due to tenant responsibility for property expenses, making them attractive for long-term dividend growth. Capitalization rates, dividend yield, and AFFO yield are crucial metrics for evaluating net lease investments, with cap rates driven by property type, lease term, and tenant credit quality. EPRT and ADC lead the way in cost of equity, with EPRT focusing on high-yielding private equity-backed tenants and ADC on investment-grade national retailers.

Understanding Net Lease Yields And Who Leads The Way

Trick Or Treat, My Favorite REITs

High-quality REITs are trading at discounts due to a hawkish Fed, presenting significant upside potential and strong dividend yields for investors. Agree Realty has transformed its portfolio, boasts solid debt metrics, and offers a well-covered 4.1% dividend yield, making it a fair value investment. Realty Income's diversified portfolio and A-rated balance sheet support its 5.1% dividend yield, with shares trading below normal valuation, making it an attractive buy.

Trick Or Treat, My Favorite REITs

Invest $100,000 For Durable Income Without Losing Sleep At Night

Achieving the first $100,000 is crucial for portfolio diversification and accessing material reinvestment opportunities. If the objective is to build a massive snowball from durable income investments, there are only a few asset classes that tick the necessary boxes. In this article, I explain how I would allocate $100,000 among MLPs, BDCs, equity REITs, and SCHD.

Invest $100,000 For Durable Income Without Losing Sleep At Night

5 Of My Favorite Monthly Paying REITs

Monthly dividends can be enticing, but quality and sustainability of the dividend are crucial. Avoid "sucker yields" by analyzing fundamentals. Agree Realty is a high-quality REIT with consistent dividend growth, but its current valuation makes it a Hold. STAG Industrial offers a higher yield and trades at a discount, making it a Buy despite modest dividend growth.

5 Of My Favorite Monthly Paying REITs

2 Dividends That Are Strategically And Tactically Attractive For Retirement Investors

For prudent retirement income seeking investors, securities that could be considered strategic fits should carry sound balance sheet, conservative cash flow profiles and at least above inflation-level growth prospects. In some situations, such strategic investments could also be tactically attractive in terms of producing strong returns over the near to medium-term. In this article, I present two investments that, in my opinion, should be seriously considered by defensive income investors.

2 Dividends That Are Strategically And Tactically Attractive For Retirement Investors

Agree Realty Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

ROYAL OAK, Mich. , Oct. 1, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its third quarter 2024 operating results after the market closes on Tuesday, October 22, 2024.

Agree Realty Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

The Motley Fool

4 Dividend Stocks Yielding 4% or More to Buy for Passive Income Right Now

Several companies currently offer dividend yields above 4%. They also have outstanding records of increasing their dividends.

4 Dividend Stocks Yielding 4% or More to Buy for Passive Income Right Now

Agree Realty: No Longer Undervalued, Still A Buy

Agree Realty achieves industry-leading growth at a low cost of capital, making it a fundamentally strong business and a long-term buy. REITs are expected to perform well given the lower interest rate outlook. The shares have caught up to value after rising by 32%, making ADC no longer significantly undervalued.

Agree Realty: No Longer Undervalued, Still A Buy

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