News coverage about Agree Realty (NYSE:ADC) has trended somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Agree Realty earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 44.3399664297598 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Agree Realty (NYSE ADC) opened at $48.87 on Thursday. The company has a market cap of $1,438.00, a P/E ratio of 18.57, a P/E/G ratio of 3.63 and a beta of 0.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.63 and a quick ratio of 1.63. Agree Realty has a 1 year low of $43.12 and a 1 year high of $51.50.
Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.27). The company had revenue of $30.39 million during the quarter, compared to analysts’ expectations of $29.48 million. Agree Realty had a net margin of 49.26% and a return on equity of 7.27%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. research analysts anticipate that Agree Realty will post 2.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th will be given a $0.52 dividend. This is a positive change from Agree Realty’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, December 19th. Agree Realty’s dividend payout ratio (DPR) is presently 99.02%.
A number of research firms have recently weighed in on ADC. FBR & Co restated a “buy” rating and issued a $58.00 price target on shares of Agree Realty in a report on Tuesday, October 24th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Agree Realty in a report on Tuesday, October 24th. Stifel Nicolaus restated a “buy” rating and issued a $54.00 price target on shares of Agree Realty in a report on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Agree Realty in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of Agree Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $52.78.
In related news, Director John Rakolta, Jr. acquired 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $49.67 per share, with a total value of $163,911.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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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