Agree Realty Corporation (NYSE: ADC) is one of 34 public companies in the “Retail REITs” industry, but how does it compare to its competitors? We will compare Agree Realty Corporation to related businesses based on the strength of its analyst recommendations, earnings, valuation, profitability, institutional ownership, risk and dividends.
Valuation & Earnings
This table compares Agree Realty Corporation and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Agree Realty Corporation||$104.10 million||$84.76 million||22.52|
|Agree Realty Corporation Competitors||$727.99 million||$483.06 million||28.29|
Agree Realty Corporation’s competitors have higher revenue and earnings than Agree Realty Corporation. Agree Realty Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent recommendations for Agree Realty Corporation and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Agree Realty Corporation||0||4||6||0||2.60|
|Agree Realty Corporation Competitors||261||1212||1184||24||2.36|
Agree Realty Corporation currently has a consensus target price of $51.88, indicating a potential upside of 3.27%. As a group, “Retail REITs” companies have a potential upside of 17.08%. Given Agree Realty Corporation’s competitors higher probable upside, analysts plainly believe Agree Realty Corporation has less favorable growth aspects than its competitors.
Risk and Volatility
Agree Realty Corporation has a beta of 0.58, meaning that its stock price is 42% less volatile than the S&P 500. Comparatively, Agree Realty Corporation’s competitors have a beta of 0.66, meaning that their average stock price is 34% less volatile than the S&P 500.
Agree Realty Corporation pays an annual dividend of $2.02 per share and has a dividend yield of 4.0%. Agree Realty Corporation pays out 90.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Retail REITs” companies pay a dividend yield of 4.4% and pay out 144.1% of their earnings in the form of a dividend. Agree Realty Corporation has raised its dividend for 4 consecutive years.
This table compares Agree Realty Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Agree Realty Corporation||54.22%||8.23%||4.91%|
|Agree Realty Corporation Competitors||23.24%||6.38%||3.19%|
Insider & Institutional Ownership
85.3% of Agree Realty Corporation shares are owned by institutional investors. Comparatively, 86.2% of shares of all “Retail REITs” companies are owned by institutional investors. 4.4% of Agree Realty Corporation shares are owned by insiders. Comparatively, 11.3% of shares of all “Retail REITs” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Agree Realty Corporation competitors beat Agree Realty Corporation on 9 of the 15 factors compared.
Agree Realty Corporation Company Profile
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). As of December 31, 2016, its portfolio included 363 net lease properties, which contributed approximately 98.1% of annualized base rent, and three community shopping centers. The Company’s business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort.
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