ADC - Agree Realty Corporation

NYSE - NYSE Delayed Price. Currency in USD
72.54
+0.16 (+0.22%)
At close: 4:02PM EST
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Previous Close72.38
Open72.54
Bid72.67 x 800
Ask72.72 x 900
Day's Range72.35 - 73.01
52 Week Range60.97 - 79.54
Volume174,679
Avg. Volume398,209
Market Cap3.306B
Beta (5Y Monthly)-0.03
PE Ratio (TTM)40.26
EPS (TTM)1.80
Earnings DateFeb 19, 2020
Forward Dividend & Yield2.34 (3.23%)
Ex-Dividend DateDec 17, 2019
1y Target Est82.60
  • PR Newswire

    Agree Realty Announces Fourth Quarter 2019 Earnings Release Date and Conference Call Information

    Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it will release its fourth quarter and full year 2019 operating results after the market closes on Thursday, February 20, 2020. A conference call to discuss the Company's operating results is scheduled for Friday, February 21, 2020 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast:

  • PR Newswire

    Agree Realty Announces Record 2019 Investment Activity

    Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of its record investment activity in 2019 and provided acquisition and disposition guidance for 2020. Additionally, the Company provided an update on its portfolio as well as its fourth quarter 2019 capital markets activities.

  • Agree Realty Enters Oversold Territory
    Zacks

    Agree Realty Enters Oversold Territory

    Agree Realty Corporation (ADC) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Boston Properties Announces 3% Sequential Hike in Dividend
    Zacks

    Boston Properties Announces 3% Sequential Hike in Dividend

    Boston Properties' (BXP) latest quarterly dividend hike reflects its ability to generate solid cash flow through its operating platform.

  • Here is What Hedge Funds Think About Agree Realty Corporation (ADC)
    Insider Monkey

    Here is What Hedge Funds Think About Agree Realty Corporation (ADC)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • PR Newswire

    Agree Realty Announces Completion of "The Howe" Located at 44 East Long Lake Road

    Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the completion of its second building ("The Howe"), located at 44 East Long Lake Road on the Company's campus in Bloomfield Hills, Michigan. The Company's existing headquarters, located at 70 East Long Lake Road, received an American Institute of Architects Honor Award in 2015 for its architecture and design. The newly created campus expands on these design features and includes an Agree Wellness Center, locker rooms, an auditorium, integrated technology and unique collaborative meeting areas.

  • American Tower (AMT) Hikes Quarterly Dividend: Time to Hold?
    Zacks

    American Tower (AMT) Hikes Quarterly Dividend: Time to Hold?

    American Tower (AMT) hikes quarterly dividend by 6.3%. However, accelerated carrier consolidation-driven churn continues to be a near-term woe.

  • Should You Take Comfort From Insider Transactions At Agree Realty Corporation (NYSE:ADC)?
    Simply Wall St.

    Should You Take Comfort From Insider Transactions At Agree Realty Corporation (NYSE:ADC)?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Mid-America Apartment Hikes Dividend for 10th Consecutive Year
    Zacks

    Mid-America Apartment Hikes Dividend for 10th Consecutive Year

    Mid-America Apartment Communities' (MAA) recent dividend hike of 4.2% will likely be sustainable given the company's financial strength.

  • Agree Realty Expands Credit Facility, Fortifies Balance Sheet
    Zacks

    Agree Realty Expands Credit Facility, Fortifies Balance Sheet

    Agree Realty's (ADC) expansion of the company's senior unsecured credit facility to $600 million enables it to strengthen its balance sheet and extend debt maturities.

  • PR Newswire

    Agree Realty Announces Expanded $600 Million Credit Facility

    Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Second Amended and Restated Revolving Credit and Term Loan Agreement to increase its senior unsecured credit facility (the "Credit Facility") to $600 million. The Credit Facility is comprised of a $500 million unsecured revolving credit facility (the "Revolving Facility") and $65 million and $35 million unsecured term loans (together, the "Unsecured Term Loans"). The Credit Facility includes an accordion option that allows the Company to request additional lender commitments up to a total of $1.1 billion. The Revolving Facility will mature in January 2024 with options to extend the maturity date to January 2025, and the Unsecured Term Loans will mature in January 2024.

  • Is Agree Realty's (ADC) Recent Dividend Hike Sustainable?
    Zacks

    Is Agree Realty's (ADC) Recent Dividend Hike Sustainable?

    Agree Realty's (ADC) recent dividend hike of 2.6% marks the company's 103rd consecutive payout.

  • PR Newswire

    Agree Realty Declares Increased Quarterly Cash Dividend

    Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.585 per common share. This is the Company's 103rd consecutive cash dividend and represents a 2.6% increase over the Company's previous quarterly dividend. The dividend is payable January 3, 2020 to shareholders of record at the close of business on December 20, 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of ADC earnings conference call or presentation 22-Oct-19 1:00pm GMT

    Q3 2019 Agree Realty Corp Earnings Call

  • Property near potential Amazon project sells for $2.45M
    American City Business Journals

    Property near potential Amazon project sells for $2.45M

    A Sunbelt Rentals location near a potential Amazon project in Birmingham has been bought by a Michigan-based real estate investment trust.

  • 3 REITs for Dividend Investors to Buy with Stock Market at New Highs
    Zacks

    3 REITs for Dividend Investors to Buy with Stock Market at New Highs

    Here are three highly-ranked REITs we found using our Zacks Stock Screener that dividend investors might want to buy with stock indexes at new highs...

  • How Much Did Agree Realty Corporation's (NYSE:ADC) CEO Pocket Last Year?
    Simply Wall St.

    How Much Did Agree Realty Corporation's (NYSE:ADC) CEO Pocket Last Year?

    In 2013 Joey Agree was appointed CEO of Agree Realty Corporation (NYSE:ADC). This report will, first, examine the CEO...

  • 7 Top-Notch REITs to Buy for Income
    InvestorPlace

    7 Top-Notch REITs to Buy for Income

    Real estate investment trusts have been on a roll for a while now. It might be that the last time you heard from the REITs was when shopping malls were emptying out due to e-commerce competition and everyone was writing an epitaph for mall REITs.But those days are gone. And there are far more types of REITs than shopping mall owners (although some of the good ones have recovered well). In this low interest rate environment, REITs are in their prime. They can refinance debt on properties they currently own and save money, and they can also buy properties at lower total costs.Also, because of the way REITs are structured, they pay shareholders a cut of their net profit in the form of dividends, so you get a solid income stream. Income should actually be high on the priority list for any growth investor, and I explain why in this free investor briefing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso, most of these businesses are U.S.-focused, so external trade problems aren't an issue to growth. But you can't just buy any REITs. Quality is important. And, as the shopping mall scenario showed, so are strategic sectors. * 7 Stocks to Buy With 100% Upside Potential Below, my seven top-notch REITs to buy for income are great choices for the long term. EastGroup Properties (EGP)Source: Shutterstock Dividend Yield: 2.3%EastGroup Properties (NYSE:EGP) focuses on industrial properties around the U.S. It currently owns distribution facilities in Florida, California, Texas, Arizona and North Carolina.If you notice, most of those states have the largest ports in the U.S. and others have distribution hubs for e-commerce. And some have both. The point is, EGP is well positioned to take advantage of the true fuel of the U.S. economy, the U.S. consumer.And this is a very good time to be on this end of the market, as the U.S. economy continues to chug along and rates are likely headed lower.EGP stock is up 36% in the past 12 months and delivers a solid 2.3% dividend at current levels. Agree Realty (ADC)Source: Eric Glenn / Shutterstock.com Dividend Yield: 2.9%Agree Realty (NYSE:ADC) is a REIT that buys, develops and manages properties for large national retailers outside the mall environment.Its clients include The TJX Companies' (NYSE:TJX) T.J. Maxx, Wawa, Hobby Lobby, Home Depot (NYSE:HD), Tractor Supply (NASDAQ:TSCO), Walgreen's (NASDAQ:WBA) and Best Buy (NYSE:BBY). These are high-quality clients with great credit quality, so the risk of default is minimal.Also, ADC operates as a net lease REIT, meaning the client pays all expenses related to property management, taxes and maintenance. This an even better deal for ADC, since it doesn't have to spend money on any of those issues. When you have an income play where the yield is backed up by a solid business model, that's a recipe for what I sometimes call Bulletproof Stocks. * 7 Safe Stocks to Buy and Hold Through 2020 ADC stock is up 43% in the past year and still delivers a nearly 3% dividend. Spirit Realty Capital (SRC)Source: Roman Tiraspolsky / Shutterstock.com Dividend Yield: 5.1%Spirit Realty Capital (NYSE:SRC) is also a net lease REIT that has 255 tenants in over 1,600 properties. These properties span 48 states and their tenants represent 32 major industries.Its top five tenants are: Church's Chicken, Walgreen's, Home Depot, Circle K and CVS (NYSE:CVS).What's more, SRC's tenants are signed into long-term leases of 10-20 years, and their client base is full of quality companies that aren't going to be shifting their strategy quickly over time.SRC stock is up 24% in the past year, and it continues to deliver a generous 5.1% dividend. What's more, it's pretty fairly valued, even after its recent strong performance. Prologis (PLD)Source: rafapress / Shutterstock.com Dividend Yield: 2.3%Prologis (NYSE:PLD) is all about logistics. And if there's anything that drives the U.S. economy and the U.S. consumer at this point, it's next-generation logistical support.And while that word might not inspire a great deal of excitement, logistics are the backbone of the e-commerce industry -- the movement of goods from around the world to your home or office.It's a very big deal. And PLD is one of the biggest players. Currently it has nearly 800 million square feet of storage properties with 5,000 customers in 19 countries.Remember, moving goods from point A to B means having properties at point A and point B for greater efficiencies. This does expose PLD to the global economic slowdown, but its diversification means it can exploit areas of opportunity within its locations. * 10 Stocks to Sell Before December's Meltdown And so far, it has worked -- the stock is up nearly 44% in the past 12 months and it comes with a solid 2.3% dividend. What's more, its trailing price-to-earnings ratio is still only 33, so it's not overvalued. That being said, beyond the P/E, there's a few other things you should be looking for in your stocks now. Extra Space Storage (EXR)Source: dennizn / Shutterstock.com Dividend Yield: 3.1%Extra Space Storage (NYSE:EXR) is a self-storage operation that has been around since 1977. It now carries a respectable $15 billion market capitalization and has operations in 38 states.To be more specific, it has 103 million square feet of available space across 910,000 units in 1,400 stores.It also offers reinsurance to EXR tenants for any losses in its stores. That insurance business is a solid way to build cash flow and build up a nice store of investment monies.Since 2008, people have begun moving around the country for opportunities, especially millennials. On the other end of the demographic spectrum, baby boomers are starting to downsize. Both are great trends for the storage business.Up 34% in the past year, EXR stock also sports a solid 3.1% dividend. Vereit (VER)Source: Jonathan Weiss / Shutterstock.com Dividend Yield: 5.6%Vereit (NYSE:VER) is another net lease REIT that focuses on high-quality tenants that are interested in long-term leases.It currently has around 4,000 properties in 49 states and Puerto Rico, with about 90 million square feet of space.Its top 10 tenant concentration makes up about 27% of its portfolio and includes the likes of Golden Gate Capital's Red Lobster, Family Dollar, Walgreen's, Dollar General (NYSE:DG) and CVS.Casual dining and quick-service restaurants make up about 20% of its portfolio. As long as the consumer stays strong, this is a good choice, since the dining segment will stay strong. At Growth Investor, we are very much focused on the consumer trend in our economy, and you should be, too. * 10 Hot Pot Stocks to Buy VER stock delivers a very generous 5.6% dividend and that's after a 35% run in the past year. Kimco Realty (KIM)Source: Shutterstock Dividend Yield: 5.3%Kimco Realty (NYSE:KIM) specializes in open-air shopping malls in the top metropolitan markets.Currently, it has over 420 shopping centers with 75 million square feet of leasable space. This is the new trend in brick-and-mortar shopping. It's all about one or two anchor stores with a lot of parking and then satellite stores off of them. Its focus is on strong retail locations with plenty of consumer demand.It has been around for nearly 60 years, so it knows how to deal with the dynamics of the U.S. retail space. And Kimco has mastered these retail dynamics through being a full-service REIT that manages and maintains the properties, unlike net lease REITs.KIM stock is up 42% in the past year yet it still produces a nearly 5.3% dividend yield. And its trailing P/E is only 26, which is pretty low for the top stocks in this sector. Why Dividend Growth Stocks Are So Important NowThese days, the global bond market is just going haywire: We've got falling and even negative yields overseas. But as investors retreat to U.S. Treasurys it's causing bizarre effects here, too. Just look at what happened this summer, when the two-year Treasury actually began to yield MORE than the 10-year Treasury.And even the 30-year Treasury can't be relied upon for good yield anymore. In August, its yield dropped below 2% for the first time ever.So -- whether you're managing big institutional cash, or your own portfolio -- you'll also want to look at the group I sometimes call the Money Magnets.Not only did these stocks earn an "A" in my Portfolio Grader tool, thanks to strong buying pressure and great fundamentals …The stocks also earn an "A" in my Dividend Grader tool. These stocks are able to pay great yields -- and have the strong business model to back it up.All in all, I've got 27 strong dividend growth stocks for you now, and one more coming, in Growth Investor … almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio -- come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With 100% Upside Potential * 7 Reasons to Buy Microsoft Stock Now * 3 Consumer Staples Stocks to Buy for Conservative Investors The post 7 Top-Notch REITs to Buy for Income appeared first on InvestorPlace.

  • Agree Realty (ADC) Is Up 1.37% in One Week: What You Should Know
    Zacks

    Agree Realty (ADC) Is Up 1.37% in One Week: What You Should Know

    Does Agree Realty (ADC) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • ACCESSWIRE

    Agree Realty Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 22, 2019 / Agree Realty Corp. (NYSE: ADC ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 22, 2019 at 9:00:00 AM ...

  • Agree Realty (ADC) Matches Q3 FFO Estimates
    Zacks

    Agree Realty (ADC) Matches Q3 FFO Estimates

    Agree Realty (ADC) delivered FFO and revenue surprises of 0.00% and 1.69%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Agree Realty Corporation Reports Third Quarter 2019 Results

    INCREASES ACQUISITION GUIDANCE TO $650 MILLION TO $700 MILLION BLOOMFIELD HILLS, Mich. , Oct. 21, 2019 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results ...

  • Hedge Funds Are Buying Agree Realty Corporation (ADC)
    Insider Monkey

    Hedge Funds Are Buying Agree Realty Corporation (ADC)

    Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]

  • REITs to Watch for Q3 Earnings on Oct 21: ELS, ACC and ADC
    Zacks

    REITs to Watch for Q3 Earnings on Oct 21: ELS, ACC and ADC

    REITs' Q3 performance will likely reflect benefits of low inflation and moderate economic growth. Let's analyze the factors that are likely to have played key roles in ELS, ACC and ADC's performance.

  • Should You Buy Agree Realty (ADC) Ahead of Earnings?
    Zacks

    Should You Buy Agree Realty (ADC) Ahead of Earnings?

    Agree Realty (ADC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.