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Agree Realty (ADC) Scheduled to Post Earnings on Thursday

Agree Realty (NYSE:ADC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Agree Realty to post earnings of $0.41 per share for the quarter.

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Agree Realty (NYSE ADC) opened at $46.56 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1,360.00, a P/E ratio of 22.71, a PEG ratio of 3.21 and a beta of 0.44. Agree Realty has a 1-year low of $43.74 and a 1-year high of $53.65.

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

Several research analysts have recently issued reports on the stock. Wells Fargo & Co upgraded shares of Agree Realty from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a report on Tuesday, December 19th. Jefferies Group set a $51.00 price objective on shares of Agree Realty and gave the company a “hold” rating in a report on Friday, December 15th. ValuEngine upgraded shares of Agree Realty from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Agree Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, B. Riley set a $58.00 target price on shares of Agree Realty and gave the stock a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $54.67.

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About Agree Realty

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).