Today, Agree Realty Corp. (NYSE: ADC) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Retail industry segment. The current market capitalization of Agree Realty Corp. is $7.64B. A total of 0.61 million shares were traded on the day, compared to an average of 986.61K shares.

In the most recent transaction, RAKOLTA JOHN JR bought 20,000 shares of ADC for 59.32 per share on May 23 ’24. After the transaction, the Director now owns 436,011 company shares. In a previous transaction on May 23 ’24, Lehmkuhl Greg bought 1,000 shares at 58.99 per share. ADC shares that Director owns now total 23,036.

Among the insiders who bought shares, Breslin Stephen acquired of 450 shares on Mar 14 ’24 at a per-share price of $55.33. This resulted in the CHIEF ACCOUNTING OFFICER holding 10,441 shares of ADC after the transaction. In another insider transaction, AGREE RICHARD bought 16,000 shares at $55.50 per share on Feb 29 ’24. Company shares held by the EXECUTIVE CHAIRMAN OF BOARD now total 135,855.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Agree Realty Corp. pays an annual dividend of $2.98, resulting in a dividend yield of 3.93%, and it has a price to earnings (P/E) ratio of 42.24. ADC’s most recent ex-dividend date was 10/31/2024 when it declared a $0.2530 quarterly dividend that was paid in cash on 11/14/2024. Previously, the company paid the dividend on 10/15/2024 with an ex-dividend date of 9/30/2024. The ADC stock dividend was $0.25 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ADC has a high of $77.30 and a low of $52.69.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ADC’s latest balance sheet shows that the firm has $43.25M in Cash & Short Term Investments as of fiscal 2021. There were $1.69B in debt and $86.89M in liabilities at the time. Its Book Value Per Share was $49.56, while its Total Shareholder’s Equity was $3.42B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADC is Buy with a score of 4.50.

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