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 Corporation (NYSE:ADC) has announced an increase in its monthly cash dividend to $0.247 per common share, reflecting a 1.6% month-over-month growth and 2.9% year-over-year growth. The dividend is payable on November 14, 2023, to stockholders of record as of October 31, 2023. The company has also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:39 pm

Insiders at Howard Hughes Holdings Inc (HHH), NIKE, Inc. (NKE), Funko, Inc. (FNKO), and Agree Realty Corporation (ADC) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as bargains.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 10:39 am

Agree Realty Corp. (NYSE:ADC), a real estate investment trust (REIT), has seen significant insider buying over the past two months, even as overall REIT share prices have declined. The company's shares are now available at prices below what insiders have recently paid. Despite a disappointing Q2 earnings report, the company's numbers were still improving YoY. Analysts are mildly bullish on Agree Realty, with Citigroup maintaining a neutral rating and Wells Fargo initiating coverage with an Overweight rating.

Portfolio Pulse from Ethan Roberts

September 27, 2023 | 3:11 pm

Insiders at Southwest Gas Holdings, Inc. (SWX), Dollar Tree, Inc. (DLTR), and Agree Realty Corporation (ADC) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. Southwest Gas posted better-than-expected Q2 earnings, Dollar Tree reported better-than-expected earnings and sales for Q2, and Agree Realty promoted Nicole Witteveen to COO.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 10:58 am

Citigroup analyst Michael Bilerman maintains a Neutral rating on Agree Realty (NYSE:ADC) and has lowered the price target from $75 to $64.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:32 pm

Over the past 3 months, 7 analysts have published their opinion on Agree Realty (NYSE:ADC) stock. The analysts have an average price target of $74.36 versus the current price of Agree Realty at $58.72, implying upside. This current average has decreased by 2.64% from the previous average price target of $76.38.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 12:01 pm

Wells Fargo analyst Connor Siversky has initiated coverage on Agree Realty (NYSE:ADC) with an Overweight rating and a price target of $70.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:47 am

Agree Realty Corporation has promoted Nicole Witteveen to the position of Chief Operating Officer, effective immediately. Additionally, Edward Eickhoff has been appointed as the Executive Vice President of Asset Management.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:06 pm

During Friday's session, 169 companies set new 52-week lows. Among them, Bristol-Myers Squibb was the largest firm by market cap to set a new 52-week low, while Blue Star Foods was the smallest. PTC Therapeutics' stock fell the most, trading down 31.29% to reach a new 52-week low. Meanwhile, Prelude Therapeutics' stock bounced back the most, rising 0.0% after reaching its new 52-week low.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:52 pm

On Tuesday, 164 companies hit new 52-week lows. Notable companies include NextEra Energy, SenesTech, WeWork, and Tarena International. The largest move was seen by WeWork, with shares plummeting 3189.55% to hit a new 52-week low. Tarena International's shares had the biggest turnaround, rebounding 0.0% after reaching a new 52-week low.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:34 pm

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