Headlines about Agree Realty (NYSE:ADC) have been trending positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing 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 0.27 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5450782936804 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Share Activity Lifted for Agree Realty Corp (ADC) and Banco Macro SA (BMA) in Session – Clawson News (clawsonnews.com)
- Agree Realty’s (ADC) “Hold” Rating Reaffirmed at Jefferies Group (americanbankingnews.com)
- Agree Realty Corporation (ADC) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Agree Realty Corporation (ADC) CFO Clayton R. Thelen Purchases 1,010 Shares (americanbankingnews.com)
Agree Realty (NYSE ADC) opened at $51.69 on Friday. Agree Realty has a 12-month low of $43.66 and a 12-month high of $51.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $1,497.90, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 3.78 and a beta of 0.56.
Agree Realty (NYSE:ADC) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.27). Agree Realty had a return on equity of 7.27% and a net margin of 49.26%. The firm had revenue of $30.39 million for the quarter, compared to analyst estimates of $29.48 million. During the same period last year, the company earned $0.66 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. sell-side analysts expect that Agree Realty will post 2.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.08 dividend on an annualized basis and a yield of 4.02%. This is an increase from Agree Realty’s previous quarterly dividend of $0.51. Agree Realty’s dividend payout ratio is 99.02%.
A number of research firms recently issued reports on ADC. B. Riley reissued a “buy” rating on shares of Agree Realty in a research note on Wednesday, November 1st. Jefferies Group set a $51.00 target price on Agree Realty and gave the stock a “hold” rating in a research note on Friday. ValuEngine raised Agree Realty from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $54.00 target price on shares of Agree Realty in a research note on Tuesday, August 22nd. Finally, FBR & Co reissued a “buy” rating and set a $58.00 target price on shares of Agree Realty in a research note on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $53.25.
In related news, Director John Rakolta, Jr. acquired 3,300 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $49.67 per share, with a total value of $163,911.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Clayton R. Thelen acquired 1,010 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $49.56 per share, with a total value of $50,055.60. Following the acquisition, the chief financial officer now owns 5,073 shares in the company, valued at approximately $251,417.88. The disclosure for this purchase can be found here. Corporate insiders own 4.40% of the company’s stock.
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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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