|Bid||65.30 x 900|
|Ask||65.34 x 1000|
|Day's Range||64.08 - 65.69|
|52 Week Range||45.23 - 80.51|
|Beta (5Y Monthly)||0.26|
|PE Ratio (TTM)||35.58|
|Earnings Date||Oct 19, 2020|
|Forward Dividend & Yield||2.40 (3.69%)|
|Ex-Dividend Date||Sep 24, 2020|
|1y Target Est||76.31|
According to the Census Bureau, retail sales, which measure spending at stores, restaurants, and online, rose 1.9% in September from the previous month (and 5.4% above last year), marking the fifth straight monthly increase. With retail sales continuing to rise, more retailers have the cash to pay rent on their physical stores -- great news for retail real estate investment trusts (REITs). Two benefiting from owning the right retail locations for the current environment are Agree Realty (NYSE: ADC) and Realty Income (NYSE: O).
ADC earnings call for the period ending September 30, 2020.
Joey Agree has been the CEO of Agree Realty Corporation (NYSE:ADC) since 2013, and this article will examine the...