Agree Realty Stock Today

ADC Stock  USD 56.68  0.93  1.67%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 34

 
100  
 
Zero
Below Average
Agree Realty is trading at 56.68 as of the 28th of March 2024, a 1.67 percent increase since the beginning of the trading day. The stock's open price was 55.75. Agree Realty has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Agree Realty are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Equity Real Estate Investment Trusts (REITs)
IPO Date
15th of April 1994
Category
Real Estate
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. The Companys common stock is listed on the New York Stock Exchange under the symbol ADC. The company has 100.52 M outstanding shares of which 3.4 M shares are presently shorted by investors with about 3.26 days to cover. More on Agree Realty

Moving together with Agree Stock

  0.87WHLR Wheeler Real EstatePairCorr
  0.87BDN Brandywine Realty Trust Financial Report 17th of April 2024 PairCorr
  0.93BNL Broadstone Net LeaseInc Financial Report 1st of May 2024 PairCorr
  0.83BXP Boston Properties Financial Report 23rd of April 2024 PairCorr
  0.78DEI Douglas Emmett Financial Report 7th of May 2024 PairCorr

Moving against Agree Stock

  0.75RHP Ryman Hospitality Financial Report 1st of May 2024 PairCorr
  0.68SPG Simon Property Group Financial Report 7th of May 2024 PairCorr
  0.65EQIX Equinix Financial Report 1st of May 2024 PairCorr
  0.52SLG SL Green Realty Fiscal Quarter End 31st of March 2024 PairCorr
  0.41PK Park Hotels Resorts Financial Report 6th of May 2024 PairCorr

Agree Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Agree Realty's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Agree Realty or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJoel Agree
Business ConcentrationDiversified REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, SP Midcap 400, Real Estate, Diversified REITs, REIT—Retail, Real Estate (View all Sectors)
Average Analyst Recommendation
Analysts covering Agree Realty report their recommendations after researching Agree Realty's financial statements, talking to executives and customers, or listening in on Agree Realty's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Agree Realty. The Agree consensus assessment is calculated by taking the average forecast from all of the analysts covering Agree Realty.
Financial Strength
Based on the key measurements obtained from Agree Realty's financial statements, Agree Realty may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Agree Realty is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02080.0219
Notably Down
Slightly volatile
Asset Turnover0.120.0691
Way Up
Slightly volatile
Gross Profit Margin0.960.5541
Way Up
Slightly volatile
Net Debt2.6 B2.5 B
Sufficiently Up
Slightly volatile
Total Current Liabilities133.3 M126.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.6 B2.4 B
Sufficiently Up
Slightly volatile
Total Assets8.2 B7.8 B
Sufficiently Up
Slightly volatile
Total Current Assets106.2 M101.1 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities407.5 M388.1 M
Sufficiently Up
Slightly volatile
Agree Realty's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Agree Realty's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Agree Realty's financial leverage. It provides some insight into what part of Agree Realty's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Agree Realty's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Agree Realty deploys its capital and how much of that capital is borrowed.
Liquidity
Agree Realty cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.47 B in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. Agree Realty has a current ratio of 4.68, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Agree Realty until it has trouble settling it off, either with new capital or with free cash flow. So, Agree Realty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Agree Realty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Agree to invest in growth at high rates of return. When we think about Agree Realty's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

407.45 Million
Agree Realty (ADC) is traded on New York Stock Exchange in USA. It is located in 32301 Woodward Avenue, Royal Oak, MI, United States, 48073 and employs 72 people. Agree Realty is listed under Diversified REITs category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.65 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Agree Realty's market, we take the total number of its shares issued and multiply it by Agree Realty's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Agree Realty runs under Diversified REITs sector within Real Estate industry. The entity has 100.52 M outstanding shares of which 3.4 M shares are presently shorted by investors with about 3.26 days to cover. Agree Realty has about 27.76 M in cash with 388.05 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.83.
Check Agree Realty Probability Of Bankruptcy
Ownership Allocation
Agree Realty retains a total of 100.52 Million outstanding shares. The majority of Agree Realty outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Agree Realty to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Agree Realty. Please pay attention to any change in the institutional holdings of Agree Realty as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Agree Ownership Details

Agree Stock Price Odds Analysis

What are Agree Realty's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Agree Realty jumping above the current price in 90 days from now is about 75.72%. The Agree Realty probability density function shows the probability of Agree Realty stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0508. This suggests Agree Realty market returns are highly-sensitive to returns on the market. As the market goes up or down, Agree Realty is expected to follow. Additionally, agree Realty has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 56.68HorizonTargetOdds Above 56.68
24.07%90 days
 56.68 
75.72%
Based on a normal probability distribution, the odds of Agree Realty to move above the current price in 90 days from now is about 75.72 (This Agree Realty probability density function shows the probability of Agree Stock to fall within a particular range of prices over 90 days) .

Agree Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Agree Realty that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Agree Realty's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Agree Realty's value.
InstituionRecorded OnShares
Amvescap Plc.2023-12-31
1.8 M
Charles Schwab Investment Management Inc2023-12-31
1.5 M
Thrivent Financial For Lutherans2023-12-31
1.4 M
Dimensional Fund Advisors, Inc.2023-12-31
1.4 M
Nuveen Asset Management, Llc2023-12-31
1.3 M
Bank Of New York Mellon Corp2023-12-31
1.3 M
Daiwa Securities Group Inc2023-12-31
1.2 M
Cohen & Steers Inc2023-12-31
1.2 M
Norges Bank2023-12-31
1.1 M
Vanguard Group Inc2023-12-31
14.2 M
Blackrock Inc2023-12-31
12.6 M
View Agree Realty Diagnostics

Agree Realty Historical Income Statement

Agree Realty Income Statement is one of the three primary financial statements used for reporting Agree's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Agree Realty revenue and expense. Agree Realty Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Agree Realty's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 36.5 M, whereas Total Operating Expenses is forecasted to decline to about 30.6 M. View More Fundamentals

Agree Stock Against Markets

Picking the right benchmark for Agree Realty stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Agree Realty stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Agree Realty is critical whether you are bullish or bearish towards Agree Realty at a given time. Please also check how Agree Realty's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Agree Realty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Fundamental Analysis Now

   

Fundamental Analysis

View fundamental data based on most recent published financial statements
All  Next Launch Module

Agree Realty Corporate Directors

Agree Realty corporate directors refer to members of an Agree Realty board of directors. The board of directors generally takes responsibility for the Agree Realty's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Agree Realty's board members must vote for the resolution. The Agree Realty board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Eugene SilvermanIndependent DirectorProfile
Josh BrattonDirector DevelopmentProfile
John RakoltaIndependent DirectorProfile
Leon SchurginIndependent DirectorProfile

How to buy Agree Stock?

Before investing in Agree Realty, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Agree Realty. To buy Agree Realty stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Agree Realty. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Agree Realty stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Agree Realty stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Agree Realty stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Agree Realty, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Agree Stock please use our How to Invest in Agree Realty guide.

Already Invested in Agree Realty?

The danger of trading Agree Realty is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Agree Realty is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Agree Realty. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Agree Realty is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agree Realty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Agree Stock analysis

When running Agree Realty's price analysis, check to measure Agree Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Is Agree Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.919
Earnings Share
1.7
Revenue Per Share
5.646
Quarterly Revenue Growth
0.237
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.