Agree Realty (ADC) to Release Earnings on Thursday

Agree Realty (NYSE:ADC) will be releasing 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 (ADC) opened at $44.75 on Thursday. The company has a market cap of $1,324.35, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. Agree Realty has a 1 year low of $43.74 and a 1 year high of $53.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 1.63.

In other Agree Realty news, CFO Clayton R. Thelen acquired 1,010 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $49.56 per share, for a total transaction of $50,055.60. Following the transaction, the chief financial officer now directly owns 5,073 shares of the company’s stock, valued at $251,417.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Rakolta, Jr. acquired 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average price of $49.67 per share, for a total transaction of $163,911.00. The disclosure for this purchase can be found here. 4.40% of the stock is owned by insiders.

Several brokerages have commented on ADC. FBR & Co restated a “buy” rating and set a $58.00 target price on shares of Agree Realty in a research report on Tuesday, October 24th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Agree Realty in a research report on Tuesday, October 24th. Stifel Nicolaus restated a “buy” rating and set a $54.00 target price on shares of Agree Realty in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Agree Realty in a research report on Wednesday, November 1st. Finally, Jefferies Group set a $51.00 target price on shares of Agree Realty and gave the stock a “hold” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Agree Realty has an average rating of “Buy” and an average target price of $54.67.

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Agree Realty 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).

Earnings History for Agree Realty (NYSE:ADC)

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