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Market Cap 5.90B P/E 35.22 EPS this Y 14.10% Ern Qtrly Grth 12.30%
Income 162.12M Forward P/E 35.42 EPS next Y 3.80% 50D Avg Chg -4.00%
Sales 537.49M PEG 14.98 EPS past 5Y -1.67% 200D Avg Chg -8.00%
Dividend 4.00% Price/Book 1.26 EPS next 5Y 2.01% 52W High Chg -22.00%
Recommedations 1.70 Quick Ratio 1.05 Shares Outstanding 100.52M 52W Low Chg 1.00%
Insider Own 1.74% ROA 2.24% Shares Float 98.43M Beta 0.52
Inst Own 104.83% ROE 3.47% Shares Shorted/Prior 3.96M/3.01M Price 63.05
Gross Margin 87.59% Profit Margin 31.62% Avg. Volume 1,001,638 Target Price 66.47
Oper. Margin 48.76% Earnings Date May 2 Volume 1,605,660 Change -2.47%
About Agree Realty Corporation

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. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

ADC Chatroom

User Image Avocado_smash Posted - 2 days ago

$ADC $CSR $DEI $SLG $FCPT

User Image saab93boi Posted - 4 days ago

@RENEWABLEDIVIDENDS if you like $O maybe take a look at $ADC as well

User Image lextrading Posted - 1 week ago

$ADC I've updated the post at the bottom to include a fractal that the stock seems to be tracking. See it in my Substack: https://open.substack.com/pub/kxuongle/p/agree-realty?r=2bgp9u&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

User Image insiderbuyingselling Posted - 1 week ago

$ADC new insider buying: 450 shares. http://insiderbuyingselling.com/?t=ADC

User Image saab93boi Posted - 1 week ago

$ADC Been watching for an entry and finally got in at $55! Will let this chill in my IRA.

User Image MM1988 Posted - 1 week ago

$O $ADC $VICI Patience is key. Use the opportunity to accumulate. There is a time and place for everything - repricing will happen eventually.

User Image coreholder Posted - 3 weeks ago

@swingingtech I own $O and $DG would also suggest $ADC—a smaller growing version of $O

User Image swingingtech Posted - 3 weeks ago

$ADC $JPM $WMT $DG https://wallstreetwaves.com/1-high-yield-reit-insiders-are-buying-with-both-hands/

User Image TimothyCavendish Posted - 3 weeks ago

$HIMS Madness struck: I sold 10% of my Hims holdings on Friday! It is not about losing conviction, more about risk management. Heavy hearted, reinvested proceeds in my DIV income portfolio. Initiated full position on Equinor, doubled up on $NLCP, and added on my favorite REITs ($VICI, $ADC, $EPR) and my favorite internally managed BDCs (CSWC, HTGC, MAIN) for an additional 10k annually. Good enough for a nice annual ski holiday with family and a couple of big nights out with the boys. Thank you Hims!

User Image lextrading Posted - 3 weeks ago

$ADC There are many reasons to sell a stock but only one reason to buy. And insiders have been loading here like there is no tomorrow.

User Image MM1988 Posted - 3 weeks ago

$O $ADC $VICI I’m so ready for the turnaround in this space

User Image MM1988 Posted - 02/29/24

$ADC increased position by 20%. Buy and hold

User Image Arcfox7 Posted - 02/29/24

$ADC great news today: https://finance.yahoo.com/news/feds-preferred-inflation-gauge-logs-lowest-annual-rise-since-march-2021-133219019.html

User Image KBalla Posted - 1 month ago

$ADC My girlfriends are worried that I won’t load up enough here to really prosper when rates start dropping.

User Image MM1988 Posted - 1 month ago

$ADC Bullish on this in the long term, and I will keep adding at these levels - however this stock is very much reliant on lower rates in order to grow again. Cost of capital for this company is sitting at around 7% at this moment, which is about the same as cap rates in the market right now, which means there are no deals to be made because they dont get the investment spread that is accretive to shareholders. Either lower rates or a big fall in property prices is needed in order to surpass the standard 3% AFFO per share growth. Same goes for $O even though their cost of capital is cheaper meaning they can do some deals to grow. However O also guided down investments to 2$ billion this year due to an unattractive market for acquisitions currently.

User Image razorsedge4343 Posted - 1 month ago

@headsortails2066 Can't believe no one mentioned $ADC

User Image swingingtech Posted - 1 month ago

$PCB $HBT $ADC $SNCR https://wallstreetwaves.com/insiders-buying-agree-realty-and-3-other-stocks/

User Image coreholder Posted - 1 month ago

$ADC People forgot they will need actual income later 🤫

User Image CEOBuysDisclosures Posted - 1 month ago

$ADC CEO purchased 3,500 shares at $56.92 for a total of $199,220. Agree Joey now owns 562,631 shares. https://ceo-buys.com

User Image lextrading Posted - 1 month ago

$ADC This is no of my longer posts. See the chart as the stock moves towards its long-term support and the bullish pattern that it is building. I also detail the catalyst that's coming up for the stock and insider activity going back to May 2023! https://open.substack.com/pub/kxuongle/p/agree-realty?r=2bgp9u&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

User Image insiderbuyingselling Posted - 1 month ago

$ADC new insider buying: 3500 shares. http://insiderbuyingselling.com/?t=ADC

User Image MaxwellEdison Posted - 1 month ago

$ADC Insiders buying big and so am I.

User Image insiderbuyingselling Posted - 1 month ago

$ADC new insider buying: 20102 shares. http://insiderbuyingselling.com/?t=ADC

User Image swingingtech Posted - 1 month ago

$TTSH $WBHC $ADC https://wallstreetwaves.com/over-1m-bet-on-this-real-estate-stock-check-out-these-3-stocks-insiders-are-buying/

User Image coreholder Posted - 1 month ago

$ADC juicy at these levels

User Image razorsedge4343 Posted - 1 month ago

$ADC More insider buying. I'm getting a little tempted to average up here.

User Image swingingtech Posted - 1 month ago

$HWBK $AYX $LRMR $ADC https://wallstreetwaves.com/over-37m-bet-on-this-healthcare-stock-check-out-these-4-stocks-insiders-are-buying/

User Image insiderbuyingselling Posted - 1 month ago

$ADC new insider buying: 20430 shares. http://insiderbuyingselling.com/?t=ADC

User Image coreholder Posted - 1 month ago

@MM1988 Good to see you initiated a 100 shares in $ADC too 👌🔥

User Image coreholder Posted - 1 month ago

@MM1988 It’s a very good point. $ADC is only $300 million more in market cap than Spirit was ($6 billion).

Analyst Ratings
Mizuho Neutral Mar 7, 24
Truist Securities Buy Feb 27, 24
Wells Fargo Overweight Feb 20, 24
RBC Capital Outperform Feb 15, 24
Stifel Buy Feb 14, 24
BMO Capital Outperform Feb 13, 24
JMP Securities Market Outperform Jan 22, 24
Truist Securities Buy Jan 16, 24
Mizuho Neutral Jan 10, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
AGREE RICHARD EXECUTIVE CHAIRMAN O.. EXECUTIVE CHAIRMAN OF BOARD Jan 10 Buy 62.57 10,500 656,985 119,855 01/11/24
Lehmkuhl Greg Director Director Dec 15 Buy 61.17 1,700 103,989 17,717 12/18/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Dec 11 Buy 58.49 1,300 76,037 555,903 12/13/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Oct 02 Buy 53.84 4,000 215,360 553,253 10/03/23
Erlich Craig CHIEF GROWTH OFFICER CHIEF GROWTH OFFICER Sep 28 Buy 55.2481 1,800 99,447 38,060 09/29/23
RAKOLTA JOHN JR Director Director Sep 26 Buy 55.73 20,000 1,114,600 380,056 09/27/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Sep 26 Buy 56.10 10,000 561,000 549,253 09/27/23
RAKOLTA JOHN JR Director Director Sep 21 Buy 57.48 30,000 1,724,400 360,056 09/25/23
Coughenour Peter CHIEF FINANCIAL OFFI.. CHIEF FINANCIAL OFFICER Aug 15 Buy 61.79 500 30,895 6,543 08/16/23
Erlich Craig CHIEF OPERATING OFFI.. CHIEF OPERATING OFFICER Aug 14 Buy 62.36 1,755 109,442 855 08/16/23
AGREE RICHARD EXECUTIVE CHAIRMAN O.. EXECUTIVE CHAIRMAN OF BOARD Aug 03 Buy 63.7 18,249 1,162,461 109,355 08/04/23
AGREE RICHARD EXECUTIVE CHAIRMAN O.. EXECUTIVE CHAIRMAN OF BOARD Aug 02 Buy 62.95 11,751 739,725 76,388 08/03/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Aug 02 Buy 62.79 10,000 627,900 539,253 08/03/23
RAKOLTA JOHN JR Director Director Aug 02 Buy 63.02 30,000 1,890,600 330,056 08/03/23
Coughenour Peter CHIEF FINANCIAL OFFI.. CHIEF FINANCIAL OFFICER May 26 Buy 64.25 500 32,125 6,043 05/30/23
Erlich Craig CHIEF OPERATING OFFI.. CHIEF OPERATING OFFICER May 26 Buy 64.09 3,000 192,270 35,151 05/30/23
Breslin Stephen CHIEF ACCOUNTING OFF.. CHIEF ACCOUNTING OFFICER May 25 Buy 64.32 375 24,120 6,079 05/26/23
Erlich Craig CHIEF OPERATING OFFI.. CHIEF OPERATING OFFICER May 17 Buy 65.50 1,500 98,250 32,151 05/18/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO May 17 Buy 65.35 5,000 326,750 524,253 05/18/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO May 12 Buy 66.36 5,000 331,800 519,253 05/15/23
RAKOLTA JOHN JR Director Director May 11 Buy 66.45 7,500 498,375 300,056 05/15/23
RAKOLTA JOHN JR Director Director May 08 Buy 67.85 10,495 712,086 281,768 05/10/23
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Mar 23 Buy 64.23 1,560 100,199 482,848 03/24/22
Agree Joey PRESIDENT & CEO PRESIDENT & CEO Mar 22 Buy 64.03 1,749 111,988 481,288 03/23/22
Agree Joey President & CEO President & CEO Oct 26 Buy 65.69 15,293 1,004,597 388,520 10/26/20