Workflow
ADC.PR.A (Preferred Stock)
icon
Search documents
Agree Realty Corporation (NYSE: ADC) Maintains Strong Financial Foundation
Financial Modeling Prepยท 2025-11-26 01:03
Core Viewpoint - Agree Realty Corporation (ADC) is a strong real estate investment trust (REIT) with a solid financial foundation and consistent dividend payments, making it an attractive investment option for income-seeking investors [1][2][5]. Financial Performance - ADC's asset base exceeds $9 billion, showcasing its financial strength and stability [2][6]. - The company has a market capitalization of approximately $8.11 billion and a trading volume of 532,452 shares, indicating its significant presence in the REIT sector [5]. Stock Performance - As of November 25, 2025, ADC was priced at $75.19, with Wells Fargo maintaining an "Overweight" rating and increasing its price target from $81 to $83 [1][6]. - Currently, ADC is priced at $75.18, reflecting a 1.14% increase with a price change of $0.85, and has shown volatility over the past year with a high of $79.65 and a low of $67.58 [4]. Dividend and Preferred Stock - ADC has a 30-year history of consistent dividend payments, appealing to investors seeking reliable income [2][6]. - The preferred stock, ADC.PR.A, offers a yield of 5.88% and is rated BBB-/BBB/Baa2, making it an attractive option for conservative investors [3][6].