News headlines about Agree Realty (NYSE:ADC) have trended positive on Friday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Agree Realty earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.4402680222887 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Agree Realty (ADC) Earns Buy Rating from Stifel Nicolaus (americanbankingnews.com)
- Agree Realty (ADC) PT Raised to $57 at Baird Following Record Year of External Growth – StreetInsider.com (streetinsider.com)
- Agree Realty Announces Record 2017 Investment Activity – PR Newswire (press release) (prnewswire.com)
- Agree Realty (ADC) Downgraded by ValuEngine (americanbankingnews.com)
ADC has been the topic of several analyst reports. Zacks Investment Research raised Agree Realty from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, October 25th. ValuEngine raised Agree Realty from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Co raised Agree Realty from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research report on Tuesday, December 19th. Jefferies Group set a $51.00 target price on Agree Realty and gave the company a “hold” rating in a research report on Friday, December 15th. Finally, FBR & Co reissued a “buy” rating and set a $58.00 target price (up previously from $56.00) on shares of Agree Realty in a research report on Monday, September 18th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Agree Realty currently has a consensus rating of “Buy” and an average price target of $54.63.
Agree Realty (NYSE ADC) opened at $50.51 on Friday. Agree Realty has a 1-year low of $44.28 and a 1-year high of $53.65. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,499.94, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.52 and a beta of 0.56.
Agree Realty (NYSE:ADC) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.27). Agree Realty had a net margin of 49.26% and a return on equity of 7.27%. The business had revenue of $30.39 million for the quarter, compared to analysts’ expectations of $29.48 million. During the same quarter in the previous year, the firm earned $0.66 EPS. Agree Realty’s revenue was up 25.8% compared to the same quarter last year. equities analysts expect that Agree Realty will post 2.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.12%. This is a boost from Agree Realty’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, December 19th. Agree Realty’s dividend payout ratio is currently 101.96%.
In other news, CFO Clayton R. Thelen bought 1,010 shares of the stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $49.56 per share, for a total transaction of $50,055.60. Following the acquisition, the chief financial officer now owns 5,073 shares of the company’s stock, valued at $251,417.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Rakolta, Jr. bought 3,300 shares of the stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $49.67 per share, with a total value of $163,911.00. The disclosure for this purchase can be found here. 4.40% of the stock is currently owned by corporate insiders.
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Agree Realty Company Profile
Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).
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