Agree Realty (NYSE:ADC) is set to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Agree Realty to post earnings of $0.41 per share for the quarter.
Shares of Agree Realty (NYSE ADC) opened at $45.83 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1,360.00, a price-to-earnings ratio of 22.36, a P/E/G ratio of 3.21 and a beta of 0.44. Agree Realty has a 1 year low of $43.74 and a 1 year high of $53.65.
A number of analysts have commented on ADC shares. Zacks Investment Research upgraded Agree Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. B. Riley set a $58.00 price target on Agree Realty and gave the stock a “buy” rating in a research report on Tuesday, November 14th. ValuEngine upgraded Agree Realty from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Ladenburg Thalmann Financial Services set a $55.00 price target on Agree Realty and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target on shares of Agree Realty in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Agree Realty presently has a consensus rating of “Buy” and a consensus price target of $54.67.
In other Agree Realty news, CFO Clayton R. Thelen acquired 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 directly owns 5,073 shares in the company, valued at approximately $251,417.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Rakolta, Jr. acquired 3,300 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was 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. Corporate insiders own 4.40% of the company’s stock.
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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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