Headlines about Agree Realty (NYSE:ADC) have been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Agree Realty earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.6083585049174 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Agree Realty traded up $0.40, hitting $54.25, during midday trading on Friday, Marketbeat Ratings reports. 101,382 shares of the company’s stock traded hands, compared to its average volume of 187,774. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.73 and a beta of 0.34. Agree Realty has a twelve month low of $43.74 and a twelve month high of $54.28.
Agree Realty (NYSE:ADC) last posted its earnings results on Monday, April 23rd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.18). The business had revenue of $34.57 million for the quarter, compared to analyst estimates of $33.45 million. Agree Realty had a net margin of 48.16% and a return on equity of 6.97%. analysts predict that Agree Realty will post 2.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a dividend of $0.54 per share. This is a positive change from Agree Realty’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 3.98%. Agree Realty’s payout ratio is presently 79.41%.
Separately, ValuEngine upgraded shares of Agree Realty from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.13.
Agree Realty Company Profile
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of December 31, 2017, the Company owned and operated a portfolio of 436 properties, located in 43 states and containing approximately 8.7 million square feet of gross leasable space.
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