Agree Realty Corporation (NYSE:ADC) will be paying shareholders dividends of $0.51 on Oct 13, 2017.

September 27, 2017 - By Vivian Currie

 Agree Realty Corporation (NYSE:ADC) will be paying shareholders dividends of $0.51 on Oct 13, 2017.
Investors sentiment increased to 2.02 in 2017 Q2. Its up 0.84, from 1.18 in 2017Q1. It increased, as 13 investors sold Agree Realty Corporation shares while 35 reduced holdings. 32 funds opened positions while 65 raised stakes. 22.50 million shares or 2.12% more from 22.04 million shares in 2017Q1 were reported.
Citigroup invested in 0% or 35,478 shares. Fifth Third Natl Bank accumulated 21,926 shares. Gemmer Asset Llc invested in 1,829 shares or 0.04% of the stock. Cohen Steers stated it has 1.24 million shares. 1,272 were accumulated by Quantbot Tech Ltd Partnership. Northpointe Capital holds 0.54% of its portfolio in Agree Realty Corporation (NYSE:ADC) for 112,926 shares. Mufg Americas Corp has invested 0% of its portfolio in Agree Realty Corporation (NYSE:ADC). 7,965 were reported by Creative Planning. Qs Invsts Ltd accumulated 5,395 shares. Millennium Mgmt Lc owns 0.01% invested in Agree Realty Corporation (NYSE:ADC) for 110,104 shares. Manufacturers Life Insur The reported 0% of its portfolio in Agree Realty Corporation (NYSE:ADC). Japan-based Sumitomo Mitsui Tru Hldgs has invested 0% in Agree Realty Corporation (NYSE:ADC). Citadel owns 74,561 shares. Commonwealth Equity Services Incorporated has invested 0.01% of its portfolio in Agree Realty Corporation (NYSE:ADC). Daiwa Group Inc Inc owns 2,600 shares.

Since May 4, 2017, it had 4 buys, and 0 insider sales for $1.68 million activity. AGREE RICHARD had bought 25,000 shares worth $1.12M. 10,000 shares valued at $448,200 were bought by RAKOLTA JOHN JR on Thursday, May 4. $112,300 worth of Agree Realty Corporation (NYSE:ADC) shares were bought by Rubenfaer William S.. $4,512 worth of stock was bought by Frankel Merrie S. on Wednesday, May 17.

Agree Realty Corporation (NYSE:ADC) is expected to pay $0.51 on Oct 13, 2017. The indicated annual dividend is $2.02. Shareholders owning the stock before Sep 28, 2017 will be eligible to receive the payout. Based on Agree Realty Corporation’s current price of $49.77, the dividend is 1.01 %. This dividend’s record date is Sep 29, 2017 and the announcement date is Sep 6, 2017. The stock decreased 0.36% or $0.18 during the last trading session, reaching $49.77. About shares traded. Agree Realty Corporation (NYSE:ADC) has risen 10.49% since September 27, 2016 and is uptrending. It has underperformed by 6.21% the S&P500.

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The company has market cap of $1.43 billion. The Firm operates through Agree Limited Partnership (the Operating Partnership). It has a 22.34 P/E ratio. 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).

Agree Realty Corporation (NYSE:ADC) Ratings Coverage

Among 12 analysts covering Agree Realty Corp (NYSE:ADC), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Agree Realty Corp has $58 highest and $5 lowest target. $41.86’s average target is -15.89% below currents $49.77 stock price. Agree Realty Corp had 26 analyst reports since October 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, May 6 by Wunderlich. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 20. The rating was initiated by Jefferies on Thursday, April 21 with “Buy”. Jefferies maintained Agree Realty Corporation (NYSE:ADC) rating on Thursday, July 14. Jefferies has “Buy” rating and $56 target. The rating was maintained by Jefferies with “Hold” on Tuesday, September 5. The stock has “Buy” rating by Stifel Nicolaus on Sunday, August 20. The company was maintained on Monday, September 18 by FBR Capital. As per Monday, May 29, the company rating was maintained by Jefferies. The stock of Agree Realty Corporation (NYSE:ADC) has “Neutral” rating given on Thursday, December 22 by Citigroup. The rating was downgraded by Wunderlich on Monday, February 27 to “Hold”.

More notable recent Agree Realty Corporation (NYSE:ADC) news were published by: Seekingalpha.com which released: “Is Small-Cap Gem Agree Realty Really A Short Candidate? C’mon Man” on October 28, 2016, also Nasdaq.com with their article: “Agree Realty Corporation (ADC) Ex-Dividend Date Scheduled for June 28, 2017” published on June 27, 2017, Seekingalpha.com published: “Is Agree Realty The New ‘O’?” on July 14, 2017. More interesting news about Agree Realty Corporation (NYSE:ADC) were released by: Seekingalpha.com and their article: “Agree Realty’s (ADC) CEO Joey Agree on Q2 2017 Results – Earnings Call Transcript” published on July 25, 2017 as well as Prnewswire.com‘s news article titled: “Agree Realty Completes $100 Million Private Placement Of Senior Unsecured Notes” with publication date: September 20, 2017.

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