Streetbeat News

ADC

Agree Realty Corporation

https://www.agreerealty.com

Industry

REIT - Retail

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".

Open

77.41

Mkt cap

7.9B

Volume

437K

High

77.50

P/E Ratio

42.24

52-wk high

77.58

Low

76.31

Div yield

0.04

52-wk low

54.28

Agree Realty (NYSE:ADC) is set to announce its quarterly earnings on October 22, 2024, with analysts estimating an EPS of $1.03. Investors are keen on not just an earnings beat but also positive future guidance. The company's past performance shows a tendency for stock price increases following earnings beats. Analysts rate Agree Realty as 'Outperform' with a slight potential upside. The company shows strong revenue growth but has challenges with return on equity and asset utilization.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 4:00 pm

UBS analyst Michael Goldsmith has maintained a Neutral rating on Agree Realty (NYSE:ADC) while raising the price target from $72 to $77.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:46 pm

Agree Realty's short interest has decreased by 22.48%, with 8.81 million shares sold short, representing 12.24% of its float. This is higher than its peers' average of 4.14%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 5:15 pm

Agree Realty Corporation (NYSE:ADC) has announced an increase in its monthly dividend from $0.25 to $0.253 per share, resulting in a 2.4% year-over-year growth. The annualized dividend is now $3.036 per share.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:10 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including GE Vernova, Li Auto, Eton Pharmaceuticals, CVS Health, Agree Realty, Domino's Pizza, Six Flags Entertainment, RPM International, Norwegian Cruise Line, and AECOM. Notable changes include upgrades for CVS Health and AECOM, and a downgrade for GE Vernova and Li Auto.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 12:50 pm

Keybanc analyst Upal Rana maintains an Overweight rating on Agree Realty (NYSE:ADC) and raises the price target from $68 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 11:00 am

Analysts have varied ratings for Agree Realty (NYSE:ADC), with recent evaluations showing a shift towards more bullish sentiments. The average 12-month price target has increased by 10.7% to $74.72. Agree Realty has shown strong revenue growth and net margin, but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 5:00 pm

Agree Realty's short interest has increased by 10.03%, with 15.79% of its float sold short. This is significantly higher than its peers' average of 5.06%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 3:30 pm

Wells Fargo analyst Connor Siversky has maintained an Overweight rating on Agree Realty (NYSE:ADC) and raised the price target from $75 to $77.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:50 pm

Analysts have shown increased optimism towards Agree Realty (NYSE:ADC) with several raising their price targets and ratings. The average 12-month price target has risen by 8.36% to $71.06. Despite strong revenue growth and net margins, the company faces challenges with low ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 6:00 pm

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