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Stifel Remains Agree Realty (ADC) Buy Recommendation

Fintel reports that on June 29, 2023, Stifel maintained Interview with Agree Realty (New York Stock Exchange: ADC) with buy recommendation.

Analyst Price Expectations Suggest 20.52% Gains

1 year average as of June 2, 2023 target price Ugly Realty is 78.33. Expectations range from a low of $70.70 to a high of $85.05. The average target price is up 20.52% from the latest reported closing price of 64.99.

see our corporate leaderboard The target price has the most upside potential.

Agree Realty’s annual revenue is expected to grow 10.95% to 508 million.Non-GAAP Annual Forecast EPS is 1.70.

Realty Agrees to Announce $0.24 Dividend

On June 14, 2023, the company declared: Regular monthly dividend $0.24 per share ($2.92 per annum). Shareholders of record as of June 30, 2023 will receive payment on July 14, 2023. Previously, the company paid $0.24 per share.

At the current stock price of $64.99/share, the dividend yield is 4.49%.

Looking back over the past five years and taking a weekly sample, the average dividend yield has been 3.74%, with a low of 2.93% and a high of 4.47%. The standard deviation of yield is 0.36 (n=236).

The current dividend yield is 2.09 standard deviations above the historical average.

The company’s dividend payout ratio is 1.72 times. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x.

The company’s three-year dividend growth rate is 0.22%, indicating that it has increased its dividend over time.

What is Fund Sentiment?

there is 867 funds or institutions reporting positions at Ugly Real Estate. That’s an increase of 56 owners or 6.91% over the last quarter.Portfolio average weight out of all funds The percentage dedicated to ADC was 0.37%, down 9.17%. Total shares held by institutional investors fell by 0.06% to 114,307,000 shares over the past three months. of put/call ratio The ADC value is 0.72, indicating a bullish outlook.

What are other shareholders doing?

ADC / Agree Realty Corp. Institutional Holdings

IJR – iShares Core S&P Small Cap ETF owns 6,563,000 shares, representing 7.04% of the company. Earlier filings reported that the company owned 5,823,000 shares. will increase 11.28%.office increased Portfolio allocations to ADC increased 7.62% quarter-on-quarter.

Major financial group owns 5,796,000 shares, representing 6.22% of the company. Earlier filings reported that the company owned 5,715,000 shares. will increase 1.40%.office Diminished Portfolio allocation in ADC increased 47.16% quarter-on-quarter.

VGSIX – Vanguard Real Estate Index Fund Investor Stocks owns 3,893,000 shares, representing 4.18% of the company. Earlier filings reported that the company owned 3,561,000 shares. will increase 8.52%.office increased Portfolio allocation at ADC increased 10.36% quarter-on-quarter.

Center Square Investment Management holds 3,139,000 shares representing a 3.37% ownership interest in the company. Earlier filings reported that the company owned 3,286,000 shares. Decrease 4.70%.office Diminished Portfolio allocation at ADC increased 5.94% quarter-on-quarter.

Deutsche Bank Ag holds 3,016,000 shares representing a 3.24% ownership interest in the company. Earlier filings reported that the company owned 3,335,000 shares. Decrease 10.55%.office Diminished Portfolio allocation in ADC increased by 89.67% quarter-on-quarter.

I agree with the background information about real estate
(This description was provided by us.)

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of real estate net-leased to industry-leading retail tenants. As of December 31, 2020, the Company owns and operates a portfolio of 1,129 properties with approximately 22.7 million gross leasable square feet in 46 states.

Main filings of this company:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on June 29, 2023, Stifel maintained Interview with Agree Realty (New York Stock Exchange: ADC) with buy recommendation. Analyst Price Expectations Suggest 20.52% Gains 1 year average as of June 2, 2023 target price Ugly Realty is 78.33. Expectations range from a low of $70.70 to a high of $85.05. The average target price is up 20.52% from the latest reported closing price of 64.99.

see our corporate leaderboard The target price has the most upside potential. Agree Realty’s annual revenue is expected to grow 10.95% to 508 million.Non-GAAP Annual Forecast EPS is 1.70. Realty Agrees to Announce $0.24 Dividend On June 14, 2023, the company declared: Regular monthly dividend $0.24 per share ($2.92 per annum). Shareholders of record as of June 30, 2023 will receive payment on July 14, 2023. Previously, the company paid $0.24 per share. At the current stock price of $64.99/share, the dividend yield is 4.49%. Looking back over the past five years and taking a weekly sample, the average dividend yield has been 3.74%, with a low of 2.93% and a high of 4.47%. The standard deviation of yield is 0.36 (n=236).

The current dividend yield is 2.09 standard deviations above the historical average. The company’s dividend payout ratio is 1.72 times. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x. The company’s three-year dividend growth rate is 0.22%, indicating that it has increased its dividend over time. What is Fund Sentiment? there is 867 funds or institutions reporting positions at Ugly Real Estate. That’s an increase of 56 owners or 6.91% over the last quarter.Portfolio average weight out of all funds The percentage dedicated to ADC was 0.37%, down 9.17%. Total shares held by institutional investors fell by 0.06% to 114,307,000 shares over the past three months. of put/call ratio The ADC value is 0.72, indicating a bullish outlook. What are other shareholders doing? IJR – iShares Core S&P Small Cap ETF owns 6,563,000 shares, representing 7.04% of the company. Earlier filings reported that the company owned 5,823,000 shares. will increase 11.28%.office increased Portfolio allocations to ADC increased 7.62% quarter-on-quarter.

Major financial group owns 5,796,000 shares, representing 6.22% of the company. Earlier filings reported that the company owned 5,715,000 shares. will increase 1.40%.office Diminished Portfolio allocation in ADC increased 47.16% quarter-on-quarter. VGSIX – Vanguard Real Estate Index Fund Investor Stocks owns 3,893,000 shares, representing 4.18% of the company. Earlier filings reported that the company owned 3,561,000 shares. will increase 8.52%.office increased Portfolio allocation at ADC increased 10.36% quarter-on-quarter. Center Square Investment Management holds 3,139,000 shares representing a 3.37% ownership interest in the company. Earlier filings reported that the company owned 3,286,000 shares. Decrease 4.70%.office Diminished Portfolio allocation at ADC increased 5.94% quarter-on-quarter. Deutsche Bank Ag holds 3,016,000 shares representing a 3.24% ownership interest in the company. Earlier filings reported that the company owned 3,335,000 shares. Decrease 10.55%.office Diminished Portfolio allocation in ADC increased by 89.67% quarter-on-quarter. I agree with the background information about real estate(This description was provided by us.)

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of real estate net-leased to industry-leading retail tenants. As of December 31, 2020, the Company owns and operates a portfolio of 1,129 properties with approximately 22.7 million gross leasable square feet in 46 states.
Main filings of this company: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/stifel-maintains-agree-realty-adc-buy-recommendation Stifel Remains Agree Realty (ADC) Buy Recommendation

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