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-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: 75
0
Funds holding %
of 7,290 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $7.54M | Put options by funds: $3.78M
75% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 7 (+3) [Q4]
68% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 38
46% more repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 129
4% more funds holding
Funds holding: 425 [Q3] → 441 (+16) [Q4]
2% more capital invested
Capital invested by funds: $8.58B [Q3] → $8.71B (+$134M) [Q4]
0.46% less ownership
Funds ownership: 113.53% [Q3] → 113.07% (-0.46%) [Q4]
Research analyst outlook
8 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
8 analyst ratings
6 positive
75%
1 neutral
13%
1 negative
13%
RBC Capital Brad Heffern 57% 1-year accuracy 21 / 37 met price target | 6%upside $78 | Outperform Maintained | 13 Feb 2025 |
Barclays Richard Hightower 61% 1-year accuracy 11 / 18 met price target | 1%upside $74 | Underweight Maintained | 4 Feb 2025 |
Mizuho Haendel St. Juste 56% 1-year accuracy 9 / 16 met price target | 1%upside $74 | Neutral Maintained | 8 Jan 2025 |
Stifel Simon Yarmak 44% 1-year accuracy 15 / 34 met price target | 10%upside $81 | Buy Maintained | 7 Jan 2025 |
UBS Michael Goldsmith 33% 1-year accuracy 5 / 15 met price target | 14%upside $84 | Buy Upgraded | 6 Jan 2025 |
Financial journalist opinion
Based on 20 articles about ADC published over the past 30 days
Negative
Seeking Alpha
3 days ago
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.
Positive
Seeking Alpha
5 days ago
Agree Realty: When The Perfect Blend Of Consistency, Reliability, And Quality Meet
Agree Realty's strong portfolio, minimal exposure to economic downturns, and robust growth potential make it a compelling long-term hold for income-focused investors. Despite recent inflation concerns, ADC's Q4 and full-year performance showcased solid AFFO growth, strong acquisitions, and a well-covered monthly dividend. The REIT's fortress balance sheet, minimal debt maturities, and liquidity of $2 billion position it well for continued growth and potential upside.
Positive
Seeking Alpha
5 days ago
I'm Buying Up To 9% Yield For Recurring Income
The 4% rule may be outdated due to current inflation and market conditions, making income stocks all the more relevant. I highlight two quality players who offer well-covered dividends and strong business models. Both companies carry strong balance sheets, and could be potentially rewarding for long-term income and growth.
Positive
Seeking Alpha
1 week ago
Agree Realty Vs. Realty Income: Accumulate Both REITs Offering Different Benefits
Agree Realty and Realty Income are two of my personal REIT holdings. ADC shows better stability and tenant credit quality. ADC's portfolio boasts 68.2% investment-grade tenants and a 99.6% occupancy rate, while O has only 32% investment-grade tenants and a 98.7% occupancy rate. O offers a higher starting dividend yield at 5.8%, but ADC has superior dividend growth, potentially leading to higher long-term income despite its shorter history.
Positive
The Motley Fool
1 week ago
Want to Collect Some Extra Income Each Month? Buy These 2 Top High-Yield Dividend Stocks.
Most dividend stocks make quarterly payments. That can make it more challenging for those seeking to align their income with their monthly expenses.
Positive
Seeking Alpha
1 week ago
How To Build A $1,000 Monthly Dividend Income Stream From REITs
REIT dividend yields are historically high. Even high-quality REITs are now offering high dividend yields. We build a REIT portfolio generating $1,000 monthly dividend income.
Neutral
Seeking Alpha
1 week ago
Agree Realty Corporation (ADC) Q4 2024 Earnings Call Transcript
Agree Realty Corporation (NYSE:ADC ) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Reuben Treatman – Senior Director-Corporate Finance Joey Agree – President and Chief Executive Officer Peter Coughenour – Chief Financial Officer Conference Call Participants Ki Bin Kim – Truist Securities Smedes Rose – Citigroup Jenny Li – Morgan Stanley Michael Goldsmith – UBS Rob Stevenson – Janney Capital Upal Rana – KeyBanc Capital Markets Linda Tsai – Jefferies Wes Golladay – Baird Eric Borden – BMO Capital Markets Farrell Granath – Bank of America Rich Hightower – Barclays Haendel St. Juste – Mizuho Operator Good morning, and welcome to the Agree Realty Fourth Quarter 2024 Conference Call. All participants will be in listen-only mode.
Positive
Seeking Alpha
1 week ago
Q4 Earnings Update: Sell Agree Realty And Buy This REIT Instead
Agree Realty's focus on high-quality investment-grade tenants, ground leases, and aggressive acquisitions initially made it a superior investment compared to Realty Income. Despite ADC's strong business model, its stretched valuation and lower expected returns prompt a downgrade to SELL. ADC's high valuation implies limited price appreciation, making it less attractive compared to peers and the market.
Positive
Zacks Investment Research
1 week ago
Agree Realty (ADC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Agree Realty (ADC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 week ago
Agree Realty (ADC) Surpasses Q4 FFO and Revenue Estimates
Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.04 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $1 per share a year ago.
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