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

Keybanc has initiated coverage on Agree Realty (NYSE:ADC) with an Overweight rating and set a price target of $68.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:37 am

The article highlights three high-dividend-yielding real estate stocks recommended by top analysts: Agree Realty Corporation (ADC), CubeSmart (CUBE), and NETSTREIT Corp. (NTST). Analysts have provided ratings and price targets for these stocks, and recent news events are also mentioned.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 11:26 am

UBS has initiated coverage on Agree Realty (NYSE:ADC) with a Neutral rating and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:43 pm

Agree Realty (NYSE:ADC) was analyzed by 7 analysts, showing a mix of bullish to indifferent sentiments with no bearish views. The average 12-month price target is $64.79, down from $66.33, indicating a slight negative adjustment in expectations. The company's financial performance is strong, with significant revenue growth and net margin, but a low ROE. Analyst actions included both upgrades and downgrades, reflecting a nuanced view of the company's prospects.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 3:00 pm

Mizuho analyst Haendel St. Juste maintains a Neutral rating on Agree Realty (NYSE:ADC) and raises the price target from $60 to $62.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:03 am

Agree Realty (NYSE:ADC) has seen a 9.26% increase in its short percent of float since the last report, with 4.32 million shares sold short, representing 6.37% of available shares. It would take about 5.41 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards ADC, although it's higher than its peer group average of 5.14% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:15 pm

Agree Realty has projected its FY24 adjusted funds from operations (AFFO) to be in the range of $4.10 to $4.13, surpassing the estimated $4.07.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:07 pm

Agree Realty (NYSE:ADC) reported Q1 2024 FFO of $1.03 per share, surpassing the $1.01 estimate, with sales of $149.453M exceeding the $146.462M forecast, marking an 18.03% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:14 pm

Numerous companies are scheduled to report their quarterly earnings on April 23, 2024, with expectations covering a wide range of performance indicators. Notable companies include RTX, MSCI, Quest Diagnostics, General Motors, Spotify Technology, PepsiCo, and Tesla, among others. The earnings reports span various industries from technology, healthcare, automotive, to consumer goods, indicating a significant day for investors to gauge corporate performance and market directions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 10:57 am

Agree Realty has announced an increase in its monthly common dividend from $0.247 to $0.250, signaling a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:10 pm

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