News articles about Agree Realty (NYSE:ADC) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Agree Realty earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.3375979026475 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of research analysts recently commented on the company. B. Riley restated a “buy” rating on shares of Agree Realty in a research report on Wednesday, November 1st. ValuEngine upgraded Agree Realty from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Agree Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 target price on shares of Agree Realty in a research report on Thursday, January 4th. Finally, FBR & Co reiterated a “buy” rating and issued a $58.00 target price on shares of Agree Realty in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.63.

Agree Realty (NYSE:ADC) opened at $50.15 on Wednesday. Agree Realty has a 12-month low of $44.28 and a 12-month high of $53.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $1,477.44, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.47 and a beta of 0.56.

Agree Realty (NYSE:ADC) last released its earnings results 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). Agree Realty had a net margin of 49.26% and a return on equity of 7.27%. The business had revenue of $30.39 million during the quarter, compared to the consensus estimate of $29.48 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue was up 25.8% on a year-over-year basis. equities research analysts forecast that Agree Realty will post 2.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Tuesday, December 19th. This is a boost from Agree Realty’s previous quarterly dividend of $0.51. Agree Realty’s payout ratio is currently 101.96%.

In other news, CFO Clayton R. Thelen purchased 1,010 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of $49.56 per share, with a total value of $50,055.60. Following the completion of the purchase, the chief financial officer now owns 5,073 shares of the company’s stock, valued at approximately $251,417.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Rakolta, Jr. purchased 3,300 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $49.67 per share, for a total transaction of $163,911.00. The disclosure for this purchase can be found here. Insiders own 4.40% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for Agree Realty (NYSE:ADC)

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