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Market Cap 5.90B P/E 35.22 EPS this Y 8.60% Ern Qtrly Grth 33.90%
Income 179.16M Forward P/E 35.42 EPS next Y 4.50% 50D Avg Chg -4.00%
Sales 583.01M PEG 19.08 EPS past 5Y -1.53% 200D Avg Chg -8.00%
Dividend 4.00% Price/Book 1.26 EPS next 5Y 2.01% 52W High Chg -22.00%
Recommedations 1.80 Quick Ratio 1.22 Shares Outstanding 100.63M 52W Low Chg 1.00%
Insider Own 1.82% ROA 2.33% Shares Float 98.50M Beta 0.59
Inst Own 103.21% ROE 3.70% Shares Shorted/Prior 7.85M/6.54M Price 63.05
Gross Margin 87.98% Profit Margin 32.09% Avg. Volume 1,001,638 Target Price 67.81
Oper. Margin 49.02% Earnings Date Oct 22 Volume 1,605,660 Change -2.47%
About Agree Realty Corporation

Agree Realty Corporation (the “Company”), a Maryland corporation, is a fully integrated real estate investment trust (“REIT”) primarily focused on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants. The Company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock was listed on the New York Stock Exchange in 1994. As of March 31, 2024, the Company owned 2,161 properties, with a total gross leasable area (“GLA”) of approximately 44.9 million square feet.

ADC Chatroom

User Image coreholder Posted - 1 hour ago

@divalu I’m at $400/month….have an equal position in $ADC monthly payer

User Image IN0V8 Posted - 16 hours ago

$ADC RBC raises target price to $70 from $63

User Image Traderdogzz21 Posted - 1 day ago

$ADC

User Image lextrading Posted - 1 day ago

$ADC BOOOM!!!

User Image Thestocktraderhubzee Posted - 1 day ago

$ADC RBC Capital Maintains Outperform on Agree Realty, Raises Price Target to $70

User Image MM1988 Posted - 2 days ago

$ADC Now I am regretting making $O 15% of my portfolio and ADC only 4%. Hopefully this ADC report is a reflection of what we can expect from O soon. ADC is a real SWAN-stock!

User Image lextrading Posted - 2 days ago

$ADC $68.93 is my magic number here. Major resistance. Another fractal win!

User Image coreholder Posted - 2 days ago

@Avarmaavarma good assessment—that’s exactly why I sold $O and bought $ADC, now a $56 average 👌

User Image Avarmaavarma Posted - 3 days ago

$ADC any thoughts on O vs. ADC? O gives a slightly better dividend (and hence monthly payout), but when I look at the 10 year chart, ADC is a steady riser (whereas O just trades back and forth within a range)

User Image MM1988 Posted - 3 days ago

$ADC $O First time seeing this, but this is definitely ADC’s way of letting the market know that they are better than O. The real way to calculate WACC is to the left, but O does it by including free cashflow so ADC is including that calculation as well to show that they have better WACC. Bullish on both going forward, but I love this report from ADC

User Image DonCorleone77 Posted - 3 days ago

$ADC Agree Realty raises 2024 AFFO view to $4.11-$4.14 from $4.10-$4.13 Consensus for 2024 FFO is $4.12.

User Image DonCorleone77 Posted - 3 days ago

$ADC Agree Realty reports Q2 adjusted FFO $1.04, consensus $1.03 Reports Q2 revenue $,152.58M consensus $147.85M. "We are very pleased with our performance during the first half of the year," said CEO Joey Agree. "During the quarter, we raised nearly $650 million of capital to further bolster our balance sheet, which now enjoys total liquidity of $1.7B proforma for the closing of our expanded Credit Facility. Our growing pipelines across all three external growth platforms give us confidence to increase our full-year acquisition guidance to approximately $700M. Given accelerating investment activity and the strong performance of our portfolio year-to-date, we are raising our 2024 AFFO per share guidance to a range of $4.11-$4.14, reflecting 4.4% growth at the midpoint."

User Image epsguid Posted - 3 days ago

$ADC reported earnings of $1.04, consensus was $1.03, Earnings Whisper was $1.05 via @eWhispers #whispermiss http://eps.sh/d/adc

User Image Stock_Titan Posted - 3 days ago

$ADC Agree Realty Corporation Reports Second Quarter 2024 Results https://www.stocktitan.net/news/ADC/agree-realty-corporation-reports-second-quarter-2024-laj3lzeonalc.html

User Image IN0V8 Posted - 4 days ago

$ADC BMO raises target price to $73 from $69

User Image coreholder Posted - 5 days ago

$ADC

User Image coreholder Posted - 5 days ago

@razorsedge4343 @Gamebreaker81 Morgan Stanley gives a 70 PT. My sense is that you can buy it in the high 60s as it will run ahead to mid 70s before retracing.

User Image Gamebreaker81 Posted - 1 week ago

$ADC Joey agree best in the business

User Image lextrading Posted - 1 week ago

$ADC Watch the 200-moving average (blue line). It was a major resistance since 2023. More bullish price action if this holds above it. Even more bullish price action above the $69 resistance trendline.

User Image lextrading Posted - 1 week ago

$ADC I have waited so long for this. This fractal didn't fail me.

User Image lextrading Posted - 1 week ago

$NNN Another retail REIT like $O and $ADC. There are a few trendlines to watch for. One is the yellow trendline and depending how you want to connect the red trendline, we are either above it or near it. Very bullish above the red trendlines. Next resistance is ~$48.3X. Send it!

User Image MM1988 Posted - 1 week ago

$ADC 70$ share price sooner than you think

User Image Avocado_smash Posted - 2 weeks ago

$ADC 🤑🤑🤑🤑🤑🤑🤑🤑🤑

User Image lextrading Posted - 2 weeks ago

$ADC O's little brother breakout's already happened. Above this last yellow pivot, the next resistance is at $69. If you've been following me here or especially on my Substack, you already know I was throwing paychecks on this since the low $50s. Let me cash in soon please.

User Image MM1988 Posted - 2 weeks ago

$SPG $O $ADC $VICI Finally beginning a new bullmarket triggered by the rate cutting cycle? Dont care what happens, I love these reits

User Image davidmoadel Posted - 2 weeks ago

What is the Dividend Payout for Agree Realty Stock? -- article I wrote for The Motley Fool https://fool.com/investing/2024/07/10/what-is-the-dividend-payout-for-agree-realty-stock/ $ADC @motleyfool

User Image CiderMan Posted - 2 weeks ago

@PhatRam32 I sold my O for a small profit and invested in $MAIN - this week I'll be buying $ADC hand over fist - compare outstanding shares of $O to $ADC - $ADC is a no-brainer BUY

User Image Avocado_smash Posted - 2 weeks ago

$ADC .

User Image Stock_Titan Posted - 3 weeks ago

$ADC Agree Realty Announces Second Quarter 2024 Earnings Release Date and Conference Call Information https://www.stocktitan.net/news/ADC/agree-realty-announces-second-quarter-2024-earnings-release-date-and-mepzn2zmqii6.html

User Image KCclean Posted - 06/30/24

$ADC weekly looks pretty good. Want to enter a position for my Roth long term. GL

Analyst Ratings
RBC Capital Outperform Jul 25, 24
Stifel Buy Jul 24, 24
UBS Neutral Jul 18, 24
Keybanc Overweight Jun 12, 24
UBS Neutral May 31, 24
Mizuho Neutral May 10, 24
Mizuho Neutral Mar 7, 24
Truist Securities Buy Feb 27, 24
Wells Fargo Overweight Feb 20, 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