Agree Realty
About: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
Employees: 72
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
91% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 32
68% more call options, than puts
Call options by funds: $8.63M | Put options by funds: $5.14M
28% more capital invested
Capital invested by funds: $6.7B [Q2] → $8.57B (+$1.87B) [Q3]
5.95% more ownership
Funds ownership: 107.54% [Q2] → 113.49% (+5.95%) [Q3]
5% more funds holding
Funds holding: 402 [Q2] → 424 (+22) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 152
50% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 4 (-4) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$74
1%
upside
Avg. target
$80
9%
upside
High target
$88
20%
upside
11 analyst ratings
9 positive
82%
1 neutral
9%
1 negative
9%
Mizuho Haendel St. Juste 53% 1-year accuracy 9 / 17 met price target | 1%upside $74 | Neutral Maintained | 8 Jan 2025 |
Stifel Simon Yarmak 47% 1-year accuracy 17 / 36 met price target | 11%upside $81 | Buy Maintained | 7 Jan 2025 |
RBC Capital Brad Heffern 46% 1-year accuracy 16 / 35 met price target | 8%upside $79 | Outperform Maintained | 7 Jan 2025 |
UBS Michael Goldsmith 33% 1-year accuracy 5 / 15 met price target | 15%upside $84 | Buy Upgraded | 6 Jan 2025 |
Barclays Richard Hightower 22% 1-year accuracy 2 / 9 met price target | 4%upside $76 | Underweight Initiated | 17 Dec 2024 |
Financial journalist opinion
Based on 21 articles about ADC published over the past 30 days
Positive
Seeking Alpha
2 days ago
2 Of My Favorite Net Lease REITs Might Surprise You
The net lease sector, with a market cap of ~$100B, has significant growth potential in diverse sub-categories like health & fitness, casinos, and data centers. Essential Properties and Agree Realty show attractive investment spreads and growth potential, but Realty Income offers the best valuation and defensive business model. Realty Income's shares are trading at 13.0x P/AFFO with a 5.8% dividend yield, making it a strong all-weather pick for long-term investors.
Positive
Seeking Alpha
3 days ago
7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CPI metrics show, but also what threatens to disrupt the disinflationary trend. A discussion of three books dividend growth investors would benefit from reading. Only one is specifically about dividend growth investing.
Positive
Seeking Alpha
4 days ago
Agree Realty: Why I Bought More Of The Commons And Preferreds
I'm still buying Agree Realty's commons despite the REIT selloff, driven by the significant rise in long-term Treasury yields. ADC's strong financials include 12.8% revenue growth, 99.6% leased properties, and an investment-grade tenant base, supporting a 4.3% dividend yield. ADC's prudent debt maturity profile and $2 billion liquidity ensure stability, with no significant refinancing needed while Fed rates remain high.
Neutral
PRNewsWire
1 week ago
Agree Realty Declares Monthly Common and Preferred Dividends
ROYAL OAK, Mich. , Jan. 14, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share.
Positive
CNBC Television
1 week ago
Agree Realty CEO Joey Agree on retail trends
Joey Agree, president and CEO at Agree Realty, joins CNBC's The Exchange to discuss the rise in risks for commercial properties, recent retail trends, and more.
Neutral
Seeking Alpha
1 week ago
What I Wish I Knew Before Investing In Dividend Stocks
Dividend investing has been very rewarding for me. However, I have learned a lot of lessons the hard way. I share some of the most important lessons I have learned in this article.
Positive
Seeking Alpha
1 week ago
2 REITs That Make Sense To Own In 2025 And Beyond
Despite high-interest rates, REITs like Agree Realty and Realty Income offer attractive valuations and strong fundamentals, making them ideal for passive income investors. ADC boasts a 12% CAGR since 1994, a conservative payout ratio, and a solid balance sheet, offering a 4.27% yield and significant upside potential. Realty Income, with an A-rating and international exposure, yields nearly 6%, has strong liquidity, and continues to diversify, showcasing resilience and growth potential.
Neutral
Seeking Alpha
1 week ago
Fire And Ice
US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.
Positive
Seeking Alpha
1 week ago
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impact is profound, influencing inflation, wages, and consumption patterns, with Millennials having a smaller effect at later ages in life. Debating whether dividend growth investors should buy Magnificent 7 stocks, I find GOOGL compelling for its reasonable valuation and growth potential.
Positive
Seeking Alpha
1 week ago
Dividends On Repeat: 3 Monthly Payers You'll Love Forever
Reliable monthly dividends are a game-changer for income investors, providing steady cash flow and financial peace of mind in any market. I share three top-notch monthly dividend payers that offer consistency, growth potential, and the reliability every income-focused portfolio needs. These stocks exemplify stability, rewarding shareholders with dependable payouts you can count on for years, no matter your financial goals.
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