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Realty Income has increased its monthly dividend for over 100 straight quarters. Agree Realty has grown its monthly dividend at a more than 5% compound annual rate over the last decade.
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My natural inclination is to save money and invest in dividend growth stocks, but it pays dividends to remember that the ultimate goal is the financial freedom to enjoy life. The article highlights the shift in market narrative from rate cuts to potential rate hikes, and the impact this has on stock prices. I maintain that the economy is in disinflationary mode, and the economic drag caused by fiscal largesse and government debt actually reinforces this.
Agree Realty Corporation: Elite-Level Business Metrics With Room To Further Outperform
Agree Realty Corporation has delivered impressive AFFO per share growth rates and pays an attractive, growing, and well-covered monthly dividend. ADC is likely to outperform its peers on a total return basis. ADC's value proposition is supported by its, inter alia, coherent investment strategy combined with an ability to remain selective, as well as elite-level business and credit metrics.
Is the Options Market Predicting a Spike in Agree Realty (ADC) Stock?
Investors need to pay close attention to Agree Realty (ADC) stock based on the movements in the options market lately.
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Quadrant Capital Group LLC Purchases 1,074 Shares of Agree Realty Co. (NYSE:ADC)
Quadrant Capital Group LLC raised its holdings in Agree Realty Co. (NYSE:ADC – Free Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,079 shares of the real estate investment trust’s stock after buying an additional 1,074 shares during the quarter. Quadrant Capital Group LLC’s holdings in Agree Realty were worth $257,000 as of its most recent SEC filing. A number of other hedge funds also recently made changes to their positions in the business. HBC Financial Services PLLC acquired a new stake in shares of Agree Realty during the 4th quarter valued at about $31,000. Lindbrook Capital LLC lifted its stake in Agree Realty by 267.1% during the fourth quarter. Lindbrook Capital LLC now owns 591 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 430 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in Agree Realty by 96.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 741 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 364 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Agree Realty in the 4th quarter valued at approximately $44,000. Finally, Blue Trust Inc. raised its holdings in shares of Agree Realty by 42.0% in the 4th quarter. Blue Trust Inc. now owns 1,255 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock. Agree Realty Stock Performance Shares of Agree Realty stock opened at $60.53 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $57.35 and a 200 day simple moving average of $58.74. Agree Realty Co. has a fifty-two week low of $52.69 and a fifty-two week high of $69.26. The firm has a market cap of $6.09 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.78 and a beta of 0.52. Agree Realty Announces Dividend The company also recently announced a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.96%. Agree Realty’s payout ratio is currently 176.47%. Analysts Set New Price Targets Several brokerages recently commented on ADC. Mizuho boosted their price target on Agree Realty from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Stifel Nicolaus lowered their target price on shares of Agree Realty from $70.00 to $69.50 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Royal Bank of Canada dropped their target price on shares of Agree Realty from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. JMP Securities raised shares of Agree Realty from a “market perform” rating to an “outperform” rating and set a $71.00 price objective on the stock in a research note on Monday, January 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Agree Realty from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.83. Read Our Latest Stock Analysis on ADC Insider Transactions at Agree Realty In other news, Chairman Richard Agree acquired 16,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $888,000.00. Following the completion of the transaction, the chairman now directly owns 135,855 shares in the company, valued at $7,539,952.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Agree Realty news, Chairman Richard Agree bought 16,000 shares of the stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $55.50 per share, with a total value of $888,000.00. Following the acquisition, the chairman now owns 135,855 shares of the company’s stock, valued at $7,539,952.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joey Agree purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $56.92 per share, for a total transaction of $199,220.00. Following the purchase, the chief executive officer now owns 561,403 shares in the company, valued at $31,955,058.76. The disclosure for this purchase can be found here. Insiders bought a total of 20,052 shares of company stock worth $1,117,942 over the last 90 days. 1.80% of the stock is owned by insiders. Agree Realty Profile (Free Report) Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. Read More Five stocks we like better than Agree Realty Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Canada Goose Flies Higher Driven By DTC Growth Breakout Stocks: What They Are and How to Identify Them CVS Health Stock Has a Silver Lining Called Value What Are Dividend Champions? How to Invest in the Champions Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding ADC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agree Realty Co. (NYSE:ADC – Free Report).
Forget 4% Rule And Buy These Higher Yields Instead
The 4% rule is becoming irrelevant in today's high inflation environment, prompting retirees to seek higher-yield investments without depleting their principal. Verizon offers a stable 6.6% dividend yield with its robust market position, successful FWA strategy, and strong financial performance. Agree Realty focuses on investment-grade tenants, strategic growth, and has a solid balance sheet, offering an attractive 5% yield with potential capital appreciation.
Vanguard Personalized Indexing Management LLC Increases Stake in Agree Realty Co. (NYSE:ADC)
Vanguard Personalized Indexing Management LLC increased its stake in Agree Realty Co. (NYSE:ADC – Free Report) by 162.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,797 shares of the real estate investment trust’s stock after acquiring an additional 10,405 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Agree Realty were worth $1,057,000 as of its most recent SEC filing. A number of other institutional investors have also recently bought and sold shares of the stock. HBC Financial Services PLLC purchased a new stake in shares of Agree Realty during the 4th quarter valued at $31,000. Lindbrook Capital LLC grew its position in Agree Realty by 267.1% during the fourth quarter. Lindbrook Capital LLC now owns 591 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 430 shares during the period. Jamison Private Wealth Management Inc. grew its position in Agree Realty by 96.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 741 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 364 shares during the period. GAMMA Investing LLC acquired a new stake in Agree Realty during the fourth quarter worth about $44,000. Finally, Blue Trust Inc. raised its holdings in shares of Agree Realty by 42.0% in the 4th quarter. Blue Trust Inc. now owns 1,255 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 371 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of analysts have recently issued reports on the company. Mizuho boosted their target price on Agree Realty from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. StockNews.com upgraded shares of Agree Realty from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Royal Bank of Canada cut their target price on shares of Agree Realty from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Wells Fargo & Company decreased their price target on shares of Agree Realty from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Finally, Truist Financial lowered their price target on Agree Realty from $70.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Agree Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.83. Check Out Our Latest Stock Report on Agree Realty Agree Realty Stock Performance Shares of ADC stock opened at $60.53 on Monday. The company’s fifty day moving average price is $57.35 and its two-hundred day moving average price is $58.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $6.09 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.78 and a beta of 0.52. Agree Realty Co. has a 12 month low of $52.69 and a 12 month high of $69.26. Agree Realty Dividend Announcement The firm also recently declared a monthly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Thursday, May 30th. Agree Realty’s dividend payout ratio is currently 176.47%. Insider Buying and Selling at Agree Realty In other Agree Realty news, CEO Joey Agree bought 3,500 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of $56.92 per share, with a total value of $199,220.00. Following the transaction, the chief executive officer now directly owns 561,403 shares in the company, valued at approximately $31,955,058.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Joey Agree acquired 3,500 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost of $56.92 per share, with a total value of $199,220.00. Following the acquisition, the chief executive officer now directly owns 561,403 shares in the company, valued at $31,955,058.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard Agree bought 16,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $55.50 per share, for a total transaction of $888,000.00. Following the purchase, the chairman now owns 135,855 shares in the company, valued at approximately $7,539,952.50. The disclosure for this purchase can be found here. Insiders acquired a total of 20,052 shares of company stock worth $1,117,942 in the last 90 days. 1.80% of the stock is owned by corporate insiders. Agree Realty Company Profile (Free Report) Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. Read More Five stocks we like better than Agree Realty What is the S&P 500 and How It is Distinct from Other Indexes Canada Goose Flies Higher Driven By DTC Growth What is a Dividend Harvesting Strategy and How Can Investors Profit from it? CVS Health Stock Has a Silver Lining Called Value Basic Materials Stocks Investing Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding ADC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agree Realty Co. (NYSE:ADC – Free Report).
Surprise Spring Slowdown
U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.
Net Lease REIT Chart Comparison
Net lease REITs have performed better than other types of REITs despite rising interest rates. AFFO multiples are the primary method for valuing net lease REITs. These charts allow us to compare the swing in AFFO multiples over the last 5 years.
