Agree Realty Stock News

BLOOMFIELD HILLS, Mich., Dec. 8, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 5,000,000 shares of its common stock in connection with the forward sale agreements described below. In

Shares of Agree Realty Co. (NYSE:ADC) have been given a consensus recommendation of Buy by the eight analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages []

Wall Street brokerages expect Agree Realty Co. (NYSE:ADC) to post $92.96 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Agree Realtys earnings. The highest sales estimate is $95.80 million and the lowest is $87.62 million. Agree Realty reported sales of $71.41 million during the same []

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Agree Realty Co. (NYSE:ADC) announced a monthly dividend on Thursday, November 11th, Zacks reports. Shareholders of record on Tuesday, November 30th will be paid a dividend of 0.227 per share by the real estate investment trust on Tuesday, December 14th. This represents a $2.72 annualized dividend and a yield of 3.94%. The ex-dividend date is []

Wells Fargo & Company MN reduced its stake in shares of Agree Realty Co. (NYSE:ADC) by 13.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 342,809 shares of the real estate investment trusts stock after selling 55,323 shares during the period. Wells Fargo & Company MNs holdings in Agree Realty were worth $24,164,000 []

CVS Health Corp. to close nearly 10% of its US locations over the next three years. In an agenda to improve profitability, the company plans to add new health services.

Veriti Management LLC acquired a new stake in shares of Agree Realty Co. (NYSE:ADC) in the third quarter, HoldingsChannel reports. The institutional investor acquired 3,065 shares of the real estate investment trusts stock, valued at approximately $203,000. Other hedge funds also recently bought and sold shares of the company. FFT Wealth Management LLC bought a []

Agree Realty Corporation found using ticker (ADC) now have 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 85 and 78 calculating the average target price we see 81.5. Given that the stocks previous close was at 70.1 this would imply there is a potential upside of 16.3%. The day 50 moving average is 69.57 and the 200 day MA is 70.08. The company has a market cap of $4,861m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="ADC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area.

First Trust Advisors LP lifted its position in Agree Realty Co. (NYSE:ADC) by 27.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,225 shares of the real estate investment trusts stock after buying an additional 2,201 shares during the quarter. First Trust []

Agree Realty Co. (NYSE:ADC) Director Greg Lehmkuhl acquired 500 shares of Agree Realty stock in a transaction on Wednesday, November 17th. The shares were bought at an average price of $68.35 per share, for a total transaction of $34,175.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. []