Analyst Activity – Canaccord Genuity Initiates Coverage On Agree Realty Corporation (NYSE:ADC) With a Buy

Analyst Ratings For Agree Realty Corporation (NYSE:ADC)

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Today, Canaccord Genuity initiated coverage on Agree Realty Corporation (NYSE:ADC) with a Buy.

There are 4 hold ratings, 6 buy ratings on the stock.

The current consensus rating on Agree Realty Corporation (NYSE:ADC) is Buy (Score: 2.60) with a consensus target price of $51.43 per share, a potential 9.07% upside.

Some recent analyst ratings include

  • 7/18/2017-Canaccord Genuity initiated coverage with a Buy rating.
  • 5/26/2017-Jefferies Group LLC Reiterated Rating of Hold.
  • 5/20/2017-Raymond James Financial, Inc. Reiterated Rating of Buy.
  • 2/27/2017-Wunderlich was Downgraded by analysts at Wunderlich from a “Buy ” rating to a ” Hold” rating. They now have a $51.00 price target on the stock, up previously from $49.00 .
  • 1/26/2017-Wells Fargo & Company initiated coverage with a Market Perform rating.

Dividend information for Agree Realty Corporation (NYSE:ADC)

Agree Realty Corporation (NYSE:ADC) pays an annual dividend of Community Ranking: with a yield of 4.28% and an average dividend growth of -4.40% based on a 3 Year Average.

Dividend History for Agree Realty Corporation (NYSE:ADC)

  • On 5/22/2017 Agree Realty Corporation announced a quarterly dividend of $0.51 4.45% with an ex dividend date of 6/28/2017 which will be payable on 7/14/2017.
  • On 3/1/2017 Agree Realty Corporation announced a quarterly dividend of $0.50 4.03% with an ex dividend date of 3/29/2017 which will be payable on 4/14/2017.
  • On 12/7/2016 Agree Realty Corporation announced a quarterly dividend of $0.50 4.37% with an ex dividend date of 12/21/2016 which will be payable on 1/3/2017.
  • On 9/9/2016 Agree Realty Corporation announced a quarterly dividend of $0.48 4.08% with an ex dividend date of 9/28/2016 which will be payable on 10/14/2016.
  • On 5/3/2016 Agree Realty Corporation announced a quarterly dividend of $0.48 4.79% with an ex dividend date of 6/28/2016 which will be payable on 7/15/2016.
  • On 3/2/2016 Agree Realty Corporation announced a quarterly dividend of $0.47 4.93% with an ex dividend date of 3/29/2016 which will be payable on 4/15/2016.
  • On 12/2/2015 Agree Realty Corporation announced a quarterly dividend of $0.47 5.56% with an ex dividend date of 12/18/2015 which will be payable on 1/5/2016.

Recent Insider Trading Activity For Agree Realty Corporation (NYSE:ADC)
Agree Realty Corporation (NYSE:ADC) has insider ownership of 4.40% and institutional ownership of 81.71%.

  • On 5/17/2017 Merrie S Frankel, Director, bought 100 with an average share price of $45.12 per share and the total transaction amounting to $4,512.00. View SEC Filing
  • On 5/16/2017 William S Rubenfaer, Director, bought 2,500 with an average share price of $44.92 per share and the total transaction amounting to $112,300.00. View SEC Filing
  • On 5/4/2017 John Rakolta Jr, Director, bought 10,000 with an average share price of $44.82 per share and the total transaction amounting to $448,200.00. View SEC Filing
  • On 5/4/2017 Richard Agree, Insider, bought 25,000 with an average share price of $44.73 per share and the total transaction amounting to $1,118,250.00. View SEC Filing
  • On 11/14/2016 Gene Silverman, Director, bought 2,000 with an average share price of $41.10 per share and the total transaction amounting to $82,200.00. View SEC Filing
  • On 10/26/2016 John Rakolta Jr, Director, bought 12,000 with an average share price of $47.50 per share and the total transaction amounting to $570,000.00. View SEC Filing
  • On 8/24/2015 Joey Agree, CEO, bought 8,400 with an average share price of $28.96 per share and the total transaction amounting to $243,264.00. View SEC Filing

Recent Trading Activity for Agree Realty Corporation (NYSE:ADC)
Shares of Agree Realty Corporation closed the previous trading session at 47.21 up +0.06 0.13% with 299,951 shares trading hands.

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