Agree Realty Co. (NYSE:ADC – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $65.50.
Several brokerages have issued reports on ADC. StockNews.com upgraded Agree Realty from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. KeyCorp began coverage on Agree Realty in a report on Wednesday, June 12th. They issued an “overweight” rating and a $68.00 price target on the stock. Mizuho increased their price target on Agree Realty from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Finally, UBS Group began coverage on Agree Realty in a report on Friday, May 31st. They issued a “neutral” rating and a $60.00 price target on the stock.
Read Our Latest Stock Analysis on Agree Realty
Insider Buying and Selling
Institutional Trading of Agree Realty
A number of large investors have recently bought and sold shares of ADC. HBC Financial Services PLLC purchased a new stake in Agree Realty in the fourth quarter worth $31,000. Lindbrook Capital LLC increased its position in Agree Realty by 267.1% in the fourth quarter. Lindbrook Capital LLC now owns 591 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 430 shares during the last quarter. UMB Bank n.a. increased its position in Agree Realty by 247.3% in the first quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 512 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Agree Realty in the fourth quarter worth $44,000. Finally, Jamison Private Wealth Management Inc. increased its position in Agree Realty by 96.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 741 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 364 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.
Agree Realty Trading Up 0.9 %
NYSE ADC opened at $61.94 on Friday. The business has a 50 day simple moving average of $59.96 and a 200 day simple moving average of $59.20. The stock has a market capitalization of $6.23 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.43 and a beta of 0.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.71 and a quick ratio of 0.71. Agree Realty has a one year low of $52.69 and a one year high of $69.26.
Agree Realty Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 4.84%. Agree Realty’s dividend payout ratio (DPR) is currently 176.47%.
Agree Realty Company Profile
Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.
Further Reading
- Five stocks we like better than Agree Realty
- 3 Stocks to Consider Buying in October
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What Are Dividends? Buy the Best Dividend Stocks
- MarketBeat Week in Review – 6/24 – 6/28
- EV Stocks and How to Profit from Them
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Agree Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agree Realty and related companies with MarketBeat.com's FREE daily email newsletter.