Stifel Maintains Buy on Agree Realty, Raises Price Target to $71.5
$ADC
Real Estate Investment Trusts
Real Estate
Stifel analyst Simon Yarmak maintains Agree Realty (NYSE:ADC) with a Buy and raises the price target from $67.5 to $71.5.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2024 | $60.00 | Neutral | UBS |
| 2/13/2024 | $69.00 | Outperform | BMO Capital Markets |
| 1/22/2024 | $71.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 12/13/2023 | $64.00 | Outperform → Neutral | Exane BNP Paribas |
| 12/11/2023 | $67.00 → $61.00 | Buy → Neutral | Mizuho |
| 9/21/2023 | $70.00 | Overweight | Wells Fargo |
| 6/22/2023 | $70.00 | Neutral → Buy | Mizuho |
| 6/14/2023 | $80.00 | Outperform | Exane BNP Paribas |
ROYAL OAK, Mich., Oct. 28, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has completed its public offering of 5,060,000 shares of its common stock, which includes the underwriters' full exercise of their option to purchase additional shares, pursuant to the forward sale agreements described below. Citigroup and Wells Fargo Securities acted as joint book-running managers for the offering. The Company has entered into forward sale agreements with Citibank, N.A. and Wells Fargo Bank, National Association (the "forward purchasers
ROYAL OAK, Mich., Oct. 24, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced the pricing of its public offering of 4,400,000 shares of its common stock at a public offering price of $74.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of common stock. The offering was upsized from the previously announced offering size of 4,000,000 shares of common stock, and the offering is expected to close on or about October 28, 2024.
ROYAL OAK, Mich., Oct. 24, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 4,000,000 shares of its common stock in connection with the forward sale agreements described below. In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock. Citigroup and Wells Fargo Securities are acting as joint book-running managers for the offering. The Company expects to enter into forward sale agreemen
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ROYAL OAK, Mich., Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effective January 1, 2024. Ms. He is currently the Chief Leadership Advisor at Rocket Central, where she is responsible for executive leadership development for Rocket Companies, Inc. (NYSE:RKT). She co-founded Rocket Central and previously served as President and Chief Operating Officer. Prior to that role, Ms. He served as Chief Information Officer of Rocket Mortgage, one of the nation's
BLOOMFIELD HILLS, Mich., Sept. 13, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Michael Judlowe has joined the Company's Board of Directors (the "Board"). Mr. Judlowe most recently spent the last 10 years at Jefferies Group, where he helped establish the Real Estate Equity Capital Markets practice, joining as Managing Director and subsequently being named Co-Head of Equity Capital Markets Americas in 2013. Additionally, he served as Chairman of the US Real Estate, Gaming and Lodging Investment Banking practice from June 2019 to
BLOOMFIELD HILLS, Mich., Aug. 11, 2021 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that Simon Leopold has resigned from his positions as Executive Vice President, Chief Financial Officer and Secretary of the Company effective immediately. The Board of Directors also announced that it will commence a formal search, which will consider internal and external candidates, for a new Chief Financial Officer. Peter Coughenour, current Vice President, Corporate Finance who joined the Company in 2015, has been appointed to the position of inter
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UBS initiated coverage of Agree Realty with a rating of Neutral and set a new price target of $60.00
BMO Capital Markets initiated coverage of Agree Realty with a rating of Outperform and set a new price target of $69.00
JMP Securities upgraded Agree Realty from Mkt Perform to Mkt Outperform and set a new price target of $71.00
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4 - AGREE REALTY CORP (0000917251) (Issuer)
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8-K - AGREE REALTY CORP (0000917251) (Filer)
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8-K - AGREE REALTY CORP (0000917251) (Filer)
Stifel analyst Simon Yarmak maintains Agree Realty (NYSE:ADC) with a Buy and raises the price target from $67.5 to $71.5.
Agree Realty (NYSE:ADC) reported quarterly Adjusted FFO of $1.04 per share which beat the analyst consensus estimate of $1.02 by 1.96 percent. This is a 6.12 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $152.575 million which beat the analyst consensus estimate of $147.854 million by 3.19 percent. This is a 17.46 percent increase over sales of $129.900 million the same period last year.
Raises 2024 Acquisition Guidance to Approximately $850 MillionCapital Markets Activities Drive Record Liquidity of Over $1.9 Billion ROYAL OAK, Mich., Oct. 22, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced results for the quarter ended September 30, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. Third Quarter 2024 Financial and Operating Highlights: Invested approximately $237 million in 93 retail net lease propertiesCommenced eight development or Developer Funding Platfor
Increase Results in 2.4% Year-Over-Year Growth and Annualized Dividend of $3.036 Per Share ROYAL OAK, Mich., Oct. 10, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.253 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.036 per common share, representing a 2.4% increase over the annualized dividend amount of $2.964 per common share from the fourth quarter of 2023. The dividend is payable November 14, 2024 to stockholders of record at the close of business on October 31
ROYAL OAK, Mich., Oct. 1, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE:ADC) (the "Company") today announced that it will release its third quarter 2024 operating results after the market closes on Tuesday, October 22, 2024. A conference call to discuss the Company's operating results is scheduled for Wednesday, October 23, 2024 at 9:00 AM ET. Interested parties and shareholders may access the call via teleconference or webcast: Teleconference: USA Toll Free (800) 836-8184 International (646) 357-8785 Webcast: https://app.webinar.net/ROZ0gRpd4qw To participate