Press coverage about Agree Realty Corporation (NYSE:ADC) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing 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 closest to one being the most favorable. Agree Realty Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.8702224144142 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- FY2017 EPS Estimates for Agree Realty Corporation Reduced by FBR & Co (ADC) (americanbankingnews.com)
- Agree Realty Corporation (ADC) Expected to Announce Quarterly Sales of $30.75 Million (americanbankingnews.com)
- Relative Strength Alert For Agree Realty – Nasdaq (nasdaq.com)
- Agree Realty Corporation (ADC) Expected to Earn FY2017 Earnings of $2.72 Per Share (americanbankingnews.com)
- Agree Realty Corporation (ADC) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Agree Realty Corporation (ADC) traded up 0.17% during trading on Friday, reaching $47.20. 418,986 shares of the company were exchanged. The company’s 50-day moving average is $49.66 and its 200 day moving average is $48.32. The firm has a market capitalization of $1.34 billion, a PE ratio of 21.23 and a beta of 0.57. Agree Realty Corporation has a 1-year low of $41.01 and a 1-year high of $51.50.
Agree Realty Corporation (NYSE:ADC) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.27). The business had revenue of $30.39 million for the quarter, compared to the consensus estimate of $29.48 million. Agree Realty Corporation had a net margin of 49.26% and a return on equity of 7.27%. Agree Realty Corporation’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. Equities research analysts expect that Agree Realty Corporation will post $1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.505 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.02 annualized dividend and a yield of 4.28%. Agree Realty Corporation’s dividend payout ratio (DPR) is 99.02%.
Several research firms have weighed in on ADC. FBR & Co reaffirmed a “buy” rating and set a $58.00 price objective on shares of Agree Realty Corporation in a research report on Tuesday, October 24th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Agree Realty Corporation in a report on Tuesday, October 24th. BidaskClub upgraded shares of Agree Realty Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Agree Realty Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $54.00 target price on shares of Agree Realty Corporation in a report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.13.
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Agree Realty Corporation 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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