Make Sure You Stick With Agree Realty Corp (ADC). It’s Bull Time Again

After Hours

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Stocks Info

Agree Realty Corp is listed on the NYSE in the Real Estate sector while operating in the REIT – Retail industry. The current market capitalization of Agree Realty Corp is $7.69B. A total of 1.2 million shares were traded on the day, compared to an average of 1.03M 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Agree Realty Corp pays an annual dividend of $2.99, resulting in a dividend yield of 4.02%, and it has a price to earnings (P/E) ratio of 41.09. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ADC has a high of $77.47 and a low of $54.28.

As of this writing, ADC has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.46 per share and a lower estimate of $0.39. The company reported an EPS of $0.41 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $49.45, while its Total Shareholder’s Equity was $3.42B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.53.

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