Media stories about Agree Realty (NYSE:ADC) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Agree Realty earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6357647474592 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Agree Realty (NYSE:ADC) opened at $49.73 on Friday. The company has a market cap of $1,439.76, a P/E ratio of 24.38, a P/E/G ratio of 3.39 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 52 week low of $44.28 and a 52 week high of $53.65.
Agree Realty (NYSE:ADC) last issued 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 the consensus estimate of $29.48 million. Agree Realty had a net margin of 40.42% and a return on equity of 6.05%. Agree Realty’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. equities analysts expect that Agree Realty will post 2.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.08 annualized dividend and a dividend yield of 4.18%. This is an increase from Agree Realty’s previous quarterly dividend of $0.51. Agree Realty’s dividend payout ratio (DPR) is presently 101.96%.
Several equities analysts recently commented on the stock. Ladenburg Thalmann Financial Services set a $55.00 price objective on shares of Agree Realty and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price objective on shares of Agree Realty in a research note on Thursday, January 4th. B. Riley set a $58.00 price objective on shares of Agree Realty and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Agree Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine raised shares of Agree Realty from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $54.67.
In other Agree Realty news, CFO Clayton R. Thelen purchased 1,010 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $49.56 per share, with a total value of $50,055.60. Following the completion of the purchase, the chief financial officer now owns 5,073 shares of the company’s stock, valued at $251,417.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Rakolta, Jr. purchased 3,300 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average cost of $49.67 per share, with a total value of $163,911.00. The disclosure for this purchase can be found here. 4.40% of the stock is currently owned by company insiders.
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About Agree Realty
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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