Agree Realty Stock (NYSE:ADC), Trade Ideas

Agree Realty

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

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Earn a 5.2% Yield From This Major Retail Landlord

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Triple-Net REITs: Down, But Certainly Not Out

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AD Capital US Inc

Agree Realty Corporation Depositary Shares, each representing 1/1,000th of a 4.250% Series A Cumulative Redeemable Preferred Stock

Agree Realty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) short percent of float has risen 9.26% since its last report. The company recently reported that it has 4.32 million shares sold short, which is 6.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Agree Realty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713978919_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Agree Realty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Agree Realty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Agree Realty's peer group average for short interest as a percentage of float is 5.14%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Agree Realty's Recent Short Interest

Beginning investors often ask, "What makes certain stocks go up, while others don't appreciate at all?" Although there are several answers, one of the main reasons that stocks move higher is when good earnings reports are released.
Investors want to own stocks that have increased earnings over the past year and beaten the analyst consensus estimates. Analysts' opinions often influence stock movements, so when a company beats the analysts' estimates it sends a message to investors that its stock is undervalued. Consequently, the stock often moves up substantially following an earnings beat.
Take a look at two real estate investment trusts (REITs) that just beat the estimates on first-quarter earnings, revenue and forward guidance.
Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is a Bethesda, Maryland-based hotel REIT that invests in upscale hotel and resort properties in or near 13 urban markets in major U.S. gateway cities. Most of its 46 properties are located in California and Florida.&nbsp;
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Pebblebrook Hotel has been on a tear since November when it traded in the mid $11 range. Its total return before its first-quarter earnings report was 31.77%. Much of that was because of a strong fourth-quarter 2023 earnings report in February that easily beat the Street estimates and its year-over-year results for funds from operations (FFO) and revenue.
It wasn't surprising that on April 24, it repeated that performance with first-quarter operating results. Adjusted funds from operations (AFFO) of $0.21 per share beat the consensus estimate of $0.15 per share by 40% and walloped its FFO of $0.11 from the first quarter of 2023. Revenue of $314.069 million was ahead of the consensus estimate of $303.776 million and also topped its revenue of $305.719 million from the first quarter of 2023.
In addition, Pebblebrook announced it expects AFFO of $0.59-$0.63 per share for the second quarter of 2024. Analysts were expecting $0.56 per share.&nbsp;
Pebblebrook was up about 1% in early morning trading after the earnings release.
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Agree Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a Bloomfield Hills, Michigan-based triple-net-lease REIT, with a focus on retail properties. Its portfolio includes 2,161 owned and operated properties totaling 45 million square feet across 49 states. Sixty-nine percent of its tenants are investment grade, including well-known names like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>).
Despite an excellent long-term track record since its initial public offering in 1994, Agree Realty has been an underperformer in 2024. Before the earnings release, it had a total return of negative 8.2% year to date. Over the past 52 weeks, the total return was negative 9.27%.&nbsp;
But that hasn't tempered management's optimism and enthusiasm. Agree Realty has seen substantial insider buying over the past 12 months as share prices have declined. This chart shows the large number of shares bought by insiders over the past three and 12 months, as opposed to shares sold:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Insider Trade</td>
<td>3 Months</td>
<td>12 Months</td>
</tr>
<tr>
<td>Number of shares bought</td>
<td>177,547</td>
<td>383,335</td>
</tr>
<tr>
<td>Number of shares sold</td>
<td>31,825</td>
<td>48,189</td>
</tr>
<tr>
<td>Total shares traded</td>
<td>209,372</td>
<td>431,524</td>
</tr>
<tr>
<td>Net activity</td>
<td>145,722</td>
<td>335,146</td>
</tr>
</tbody>
</table>
</figure>
Additionally, on April 8, Agree Realty announced an increase in its monthly common dividend from $0.247 to $0.25, giving it a 2.9% annual raise. The dividend will be paid on May 14 to shareholders of record as of the close of business on April 30, with the ex-dividend date on April 29. A dividend raise just before an earnings announcement is often a positive sign that upcoming earnings will meet or exceed expectations.&nbsp;
So perhaps it's not too surprising that on April 24, Agree Realty announced its first-quarter earnings and the results were excellent. FFO of $1.03 per share beat the analysts' estimate of $1.01 per share. The FFO also topped Agree's first-quarter 2023 FFO of $0.98 per share. Revenue of $149.453 million beat the consensus estimate of $146.462 million and was an 18.03% increase from revenue of $126.618 million in the first quarter of 2023.&nbsp;
On full year 2024 AFFO, Agree said it sees $4.10-$4.13 per share. The Street's estimate was $4.07. Investors were impressed, and shares traded over 2% higher in early morning trading following the report&#8217;s release.
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News

Guidance

Agree Realty Sees FY24 AFFO $4.10-$4.13 Vs $4.07 Est.

Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $1.01 by 1.98 percent. The company reported quarterly sales of $149.453 million which beat the analyst consensus estimate of $146.462 million by 2.04 percent. This is a 18.03 percent increase over sales of $126.618 million the same period last year.

Earnings

Earnings Beats

Agree Realty Q1 2024 FFO $1.03 Beats $1.01 Estimate, Sales $149.453M Beat $146.462M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.
&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 23, 2024

Dividends

Agree Realty Declares Increased Monthly Common Dividend From $0.247 To $0.250

The TJX Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is one the world's leading off-price retailers and the parent company of TJ Maxx, Marshalls, HomeGoods, Sierra, and Homesense.
TJX has provided its early investors with incredible returns, but dividend and income investors have been left on the sidelines as its stock yields just 1.4% at the time of this writing.
But, did you know you could earn a 5.2% yield by investing in one of TJX's largest landlords?
Let's check it out.
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<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/go/marcus-millichap-backed-platform">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">Agree Realty Corporation</h2>
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) owns and manages a portfolio of more than <a href="https://filecache.investorroom.com/mr5ir_agreerealty/430/ADC%20Investor%20Presentation%20-%20February.pdf">2,100 properties</a> across 49 states containing approximately 44 million square feet of gross leasable space. It counts world-class retailers such as TJX, Dollar General, Home Depot, Lowe's, Walmart, McDonald's, Starbucks, CVS, Walmart, ULTA, Target, and Costco as tenants.
Agree Realty lists TJX as its sixth largest tennant in its most recent <a href="https://filecache.investorroom.com/mr5ir_agreerealty/433/ADC%20Investor%20Presentation%20-%20March.pdf">investor presentation</a>, equating to approximately 3.1% of its annualized base rent.
So, by owning Agree Realty, you can generate monthly income that is partially attributable to TJX and its family of brands.
Agree Realty currently pays a monthly dividend of $0.247 per share, equating to an annualized dividend of $2.964 per share and giving its stock a yield of about 5.2% today.
In addition to boasting a high dividend yield, Agree Realty is a dividend-growth star. It has raised its annual dividend payment for 11 consecutive years, and it's already on pace for 2024 to mark the 12th consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
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<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/go/marcus-millichap-backed-platform">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/go/dara-backed-startup">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

The triple-net real estate investment trust (REIT) subsector consists of some of the most popular and well-performing REITs over time. This group of REITs is known for consistent dividend payments, dividend growth, and at times, solid appreciation. However, these REITs have taken a beating over the past two years, largely because of inflation and rising interest rates.
A triple-net lease is one in which in addition to rent, tenants pay all the operating expenses of the properties they lease, including real estate taxes, building insurance, maintenance and utilities.
Recently, some of the triple-net REITs have underperformed other REIT subsectors, but on the positive side, this represents an opportunity for income investors to acquire them at lower prices and higher dividend yields.
Take a look at four triple-net REITs that could prove to be tremendous bargains once the Federal Reserve pulls the trigger to begin cutting interest rates.
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<li>Miami is expected to take New York's place as the U.S. Financial Capital. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Here's how you can invest in the city with as little as $500</a> before that happens.</li>
</ul>
Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is a San Diego-based, triple-net lease REIT, with over 15,450 properties around the world. The Monthly Dividend Company, as it's widely known, is a member of the S&amp;P 500 and an S&amp;P 500 Dividend Aristocrat. Realty Income has increased its dividend 123 times since 1994. At the end of 2023, its portfolio occupancy rate was 98.6%.
In 2023, when Realty Income acquired Spirit Realty Capital, Wall Street was not particularly pleased, and as a result, the share price declined. One of the criticisms of Realty Income heard frequently was that it had become too large to grow, yet when the acquisition of Spirit Realty significantly increased Realty Income's portfolio, it was still not seen as a positive.
The recent fourth-quarter earnings report also disappointed the Street, as adjusted funds from operations (AFFO) of $1.01 per share missed the consensus estimate by a penny and was four cents below AFFO from Q4 a year ago. However, revenue of $1.08 billion beat the estimates of $1.02 billion and its fourth-quarter 2022 results of $888.65 million.
After a recent rally that brought it back from a low of $43.95 to $59.26 in two months, Realty Income has once again declined to a recent close of $52.28. The present monthly dividend of $0.2565 now yields 5.89% annually, well above its four-year average of 4.48%.
At this price and yield, this long-time outstanding performer could be an incredible bargain.
Agree Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a Bloomfield Hills, Michigan-based triple-net-lease REIT that focuses on retail properties. Its portfolio includes 2,135 owned and operated properties totaling 44 million square feet across 49 states. Sixty-nine percent of its tenants are investment grade, including well-known names like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>).
Like Realty Income, Agree Realty also pays a monthly dividend. The present dividend of $0.247 yields 5.18% annually. Those who favor Agree over Realty Income point to its smaller portfolio size, making future growth somewhat easier to accomplish.
Agree Realty's fourth-quarter operating results were also better than Realty Income. AFFO of $1 per share was in line with estimates and up from $0.96 per share in the fourth quarter of 2022. Revenue of $144.17 million beat the estimates of $141.23 million and topped revenue of $116.53 million in the fourth quarter of 2022.
Unlike Realty Income, Agree Realty has also seen a great deal of insider buying activity over the past seven months with shares falling in price. Agree Realty was $67 in August, but its most recent close was $56.25. If insiders love it at this price, perhaps investors should take note.
NNN REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNN#NYSE">NNN</a>), formerly known as National Retail Properties, is an Orlando, Florida-based triple-net-lease REIT that owns a diversified group of standalone retail outlets across the U.S. It presently has 3,511 properties of approximately 35.8 million square feet over 49 states.
NNN REIT has a stable base of approximately 400 tenants, including 7-Eleven, Sunoco, Best Buy, Wendy's, Camping World, BJ's Wholesale Club, Taco Bell and Chuck E. Cheese. At the end of 2023, its portfolio was 99.5% occupied.
On Feb. 8, NNN reported its fourth-quarter operating results. FFO of $0.85 per share was in line with estimates and a 6.25% increase over FFO of $0.80 per share in the fourth quarter of 2022. Revenue of $216.23 million beat the consensus estimate of $206.86 million and was an 8.92% increase over NNN's revenue of $198.52 million in the fourth quarter of 2022.
NNN pays a quarterly dividend of $0.565 per share, which presently yields 5.36%, and is one of only three REITs that have increased annual dividends for 34 or more consecutive years.
From its October low of $33.37, NNN has now risen an impressive 25% to a recent close of $41.72. It's still below its early 2020 high of $47.71, so more gains could be on the way.  
Four Corners Property Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCPT#NYSE">FCPT</a>) is a Mill Valley, California-based diversified REIT, with a focus on owning net-leased restaurants, medical and dental services, automotive services and other retail properties in the Sun Belt region.
Four Corners was created in November 2015 with 418 restaurants spun out from Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>). As time has progressed, many of the Darden properties were sold, but Olive Garden and LongHorn Steakhouse restaurants still make up about 47% of Four Corners' total rents.
Over the past seven years, Four Corners has steadily acquired more diversified properties and its most recent total portfolio was 1,111 long-term leased properties with 148 brands across 47 states. Four Corners has a strong occupancy rate of 99.8% with a weighted annual lease term (WALT) of 7.8 years.
Four Corners' fourth-quarter operating results were quite positive. FFO of $0.41 was in line with estimates and beat fourth-quarter 2022 FFO of $0.40. Revenue of $65.14 million beat the estimates of $64.83 million and was 13.6% above fourth-quarter 2022 revenue of $57.36 million.
Four Corners pays a quarterly dividend of $0.345, which presently yields 5.72% annually.
NNN and Four Corners have outperformed the other triple-net REITs listed above over the past month, with total returns of 5.67% and 5.14%, respectively. The other two have negative total returns over that time.
But investors would do well to consider all four triple-net REITs at present prices.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
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</ul>

Agree Realty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) short percent of float has risen 8.58% since its last report. The company recently reported that it has 3.01 million shares sold short, which is 4.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Agree Realty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710358221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Agree Realty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Agree Realty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Agree Realty's peer group average for short interest as a percentage of float is 5.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Agree Realty?

12 analysts have shared their evaluations of Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Agree Realty and provided 12-month price targets. The average target is $65.79, accompanied by a high estimate of $71.00 and a low estimate of $60.00. Highlighting a 0.32% decrease, the current average has fallen from the previous average price target of $66.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1709823610_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Agree Realty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$68.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Connor Siversky</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$62.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$63.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$69.50</td>
<td>$70.00</td>
</tr>
<tr>
<td>Eric Borden</td>
<td>BMO Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$69.00</td>
<td>-</td>
</tr>
<tr>
<td>Mitch Germain</td>
<td>JMP Securities</td>
<td>Announces</td>
<td>Market Outperform</td>
<td>$71.00</td>
<td>-</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$65.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Nate Crossett</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$64.00</td>
<td>-</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$67.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Agree Realty. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Agree Realty compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Agree Realty's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Agree Realty's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ADC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Agree Realty analyst ratings.</a>
<h2>Get to Know Agree Realty Better</h2>
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
<h3>Key Indicators: Agree Realty's Financial Health</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Agree Realty showcased positive performance, achieving a revenue growth rate of 23.71% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Agree Realty's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 30.51%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.87%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Agree Realty's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.57%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Agree Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Expert Outlook: Agree Realty Through The Eyes Of 12 Analysts

Mizuho analyst Haendel St. Juste maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Neutral and lowers the price target from $65 to $60.

Price Target

Mizuho Maintains Neutral on Agree Realty, Lowers Price Target to $60

Dollar General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is one of the largest discount retailers in North America with nearly 20,000 stores. Its stock has provided sizable returns for early investors, but it's not an intriguing option for dividend and income investors as it yields just 1.5% at the time of this writing.
But, did you know there's a hack you could use to earn a 5.2% yield from Dollar General? The hack is investing in one of its largest landlords.
Here&#8217;s how.
<h2 class="wp-block-heading">Agree Realty Corporation</h2>
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) owns and manages a portfolio of more than <a href="https://filecache.investorroom.com/mr5ir_agreerealty/430/ADC%20Investor%20Presentation%20-%20February.pdf">2,100 properties</a> across 49 states containing approximately 44 million square feet of gross leasable space. It counts world-class retailers such as Dollar General, Home Depot, Lowe's, Walmart, McDonald's, Starbucks, CVS, Walmart, ULTA, Target, and Costco as tenants.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
Agree Realty lists Dollar General as its third largest tennant in its most recent <a href="https://filecache.investorroom.com/mr5ir_agreerealty/433/ADC%20Investor%20Presentation%20-%20March.pdf">investor presentation</a>, equating to approximately 4.8% of its annualized base rent.
So, by owning Agree Realty, you can generate monthly income that is partially attributable to Dollar General.
Agree Realty currently pays a monthly dividend of $0.247 per share, equating to an annualized dividend of $2.964 per share and giving its stock a yield of about 5.2% at the time of this writing.
In addition to being a high yielder, Agree Realty is a dividend grower. It has raised its annual dividend payment for 11 consecutive years, and it's on pace for 2024 to mark the 12th consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

Earn a 5.2% Yield From Dollar General Using This Hack

Editor&#39;s Note: The article has been corrected to accurately state that Executive Chairman and CEO James L. Dolan acquired a total of 76,139 shares of Sphere Entertainment.
Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Western Midstream Partners </h3>
<ul>
<li>The Trade: Western Midstream Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wes#NYSE">WES</a>) President and CEO Michael Ure <a href="https://www.benzinga.com/quote/WES/analyst-ratings"> acquired a total of 5,000 shares </a> an average price of $33.65. To acquire these shares, it cost around $168,250.</li>
<li>What&rsquo;s Happening: On Feb. 29, Citigroup analyst Spiro Dounis downgraded Western Midstream from Buy to Neutral and raised the price target from $30 to $34.</li>
<li>What Western Midstream Partners Does: Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets.</li>
</ul>
<h3>Sphere Entertainment </h3>
<ul>
<li>The Trade: Sphere Entertainment Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sphr#NYSE">SPHR</a>) Executive Chairman and CEO James L. Dolan acquired a total of 76,139 shares at an average price of $40.73. To acquire these shares, it cost around $3.1 million.</li>
<li>What&rsquo;s Happening: On Feb. 5, Sphere Entertainment clocked a 97% year-on-year revenue growth to $314.2 million, beating the consensus of $301.8 million.</li>
<li>What Sphere Entertainment Does: Sphere Entertainment Co is live entertainment and media company. The firm creates, writes, cast, produce, and tour shows and events.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Agree Realty </h3>
<ul>
<li>The Trade: Agree Realty Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adc#NYSE">ADC</a>) Director, Executive Chairman of Board Richard Agree <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 16,000 shares </a> at an average price of $55.50. To acquire these shares, it cost around $888,000.</li>
<li>What&rsquo;s Happening: On Feb. 27, Truist Securities analyst Ki Bin Kim maintained Agree Realty with a Buy and lowered the price target from $70 to $68.</li>
<li>What Agree Realty Does: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37448052/sea-aerovironment-and-3-stocks-to-watch-heading-into-monday"> Sea, AeroVironment And 3 Stocks To Watch Heading Into Monday </a>

Long Ideas

Small Cap

Insider Trades

Pre-Market Outlook

Markets

SPHR

Insiders Buying Sphere Entertainment And 2 Other Stocks (CORRECTED)

Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) are the world's largest home improvement retailers, and their stocks have created fortunes for early investors. With the high-growth days in the rearview mirror, Home Depot and Lowe's fit the bill more as value and dividend stocks today. However, Home Depot yields just 2.3% and Lowe's yields just 1.8% at the time of this writing – not all that exciting.
But, did you know there's a hack you could use to earn a 5.2% yield from both Home Depot and Lowe's? The hack is investing in one of Home Depot and Lowe's largest landlords.
Let's check it out.
<h2 class="wp-block-heading">Agree Realty Corporation</h2>
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) owns and manages a portfolio of <a href="https://filecache.investorroom.com/mr5ir_agreerealty/430/ADC%20Investor%20Presentation%20-%20February.pdf">2,135 properties</a> across 49 states containing approximately 44 million square feet of gross leasable space. It counts world-class retailers such as Home Depot, Lowe's, Walmart, McDonald's, Starbucks, CVS, Walmart, ULTA, Target, and Costco as tenants.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
Home Depot and Lowe's are both listed in Agree Realty's list of its 20 largest tenants in its most recent <a href="https://filecache.investorroom.com/mr5ir_agreerealty/433/ADC%20Investor%20Presentation%20-%20March.pdf">investor presentation</a>, equating to a combined 4.1% of Agree Realty's annualized base rent.
So, by owning Agree Realty, you can generate monthly income that is partially attributable to Home Depot and Lowe's.
Agree Realty currently pays a monthly dividend of $0.247 per share, equating to an annualized dividend of $2.964 per share and giving its stock a yield of about 5.2% today.
On top of having a high yield, Agree Realty is a dividend-growth star. It has raised its annual dividend payment for 11 consecutive years, and it's already on track for 2024 to mark the 12th consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">&nbsp;</a>

Earn a 5.2% Yield From Home Depot and Lowe's Using This Hack

Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) has been one of the market's best-performing stocks since its 1970 initial public offering, and it has paid dividends since 1974. However, its yield is just 1.4% today, which doesn't get many dividend and income investors excited.
Fortunately, there's a hack you can use to get a 5.2% yield from Walmart, and that's by investing in one of its largest landlords.
Here's how.
<h2 class="wp-block-heading">Agree Realty Corporation</h2>
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) owns and manages a portfolio of <a href="https://filecache.investorroom.com/mr5ir_agreerealty/430/ADC%20Investor%20Presentation%20-%20February.pdf">2,135 properties</a> across 49 states containing approximately 44 million square feet of gross leasable space. It counts world-class retailers such as Walmart, Lowe's, McDonald's, Starbucks, CVS, Walmart, ULTA, Home Depot, Target, and Costco as tenants.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
Walmart is listed as Agree Realty's largest tenant in its most recent <a href="https://filecache.investorroom.com/mr5ir_agreerealty/433/ADC%20Investor%20Presentation%20-%20March.pdf">investor presentation</a>, equating to 6.1% of its annualized base rent.
So, by owning Agree Realty, you can generate monthly income that is partially attributable to Walmart.
Agree Realty currently pays a monthly dividend of $0.247 per share, equating to an annualized dividend of $2.964 per share and giving its stock a yield of about 5.2% today.
On top of having a high yield, Agree Realty is a dividend-growth star. It has raised its annual dividend payment for 11 consecutive years, and it's already on track for 2024 to mark the 12th consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

Earn a 5.2% Yield From Walmart Using This Hack

For investors seeking a steady stream of monthly income, real estate investment trusts (REITs) that pay dividends on a monthly basis emerge as a compelling financial strategy. In this article, we unravel two REITs that pay monthly dividends and have yields up to 5.2%.
<h2 class="wp-block-heading">Agree Realty Corporation</h2>
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) owns and manages a portfolio of <a href="https://filecache.investorroom.com/mr5ir_agreerealty/430/ADC%20Investor%20Presentation%20-%20February.pdf">2,135 properties</a> across 49 states containing approximately 44 million square feet of gross leasable space. It counts world-class retailers such as Lowe's, McDonald's, Starbucks, CVS, Walmart, ULTA, Home Depot, Target, and Costco as tenants.
Agree Realty currently pays a monthly dividend of $0.247 per share, equating to an annualized dividend of $2.964 per share and giving its stock a yield of about 5.2% at the time of this writing.
Agree is also a dividend-growth star. It has raised its annual dividend payment for 11 consecutive years, and it's already on track for 2024 to mark the 12th consecutive year with an increase.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
<h2 class="wp-block-heading">Stag Industrial</h2>
Stag Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STAG#NYSE">STAG</a>) owns and operates 568 industrial properties in 41 states consisting of approximately 112 million square feet. It counts Amazon and FedEx as two of its largest tenants.
Stag currently pays a monthly dividend of $0.123333 per share, equating to an annualized dividend of $1.48 per share and giving its stock a yield of about 3.9% at the time of this writing.&nbsp;
Like Agree Realty, Stag is a serial dividend raiser, growing its annual dividend every year since its initial public offering in 2011.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock

STAG

Buy These REITs for Reliable Monthly Income

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut the price target for Unity Software Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/u#NYSE">U</a>) from $35 to $30. Piper Sandler analyst Brent Bracelin upgraded the stock from Underweight to Neutral. Unity shares gained 5.7% to close at $33.04 on Monday. <a href="https://www.benzinga.com/quote/U/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer increased the price target for Domino&#39;s Pizza, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) from $470 to $530. Oppenheimer analyst Brian Bittner reiterated the stock with an Outperform. Domino&#39;s shares gained 5.9% to close at $459.00 on Monday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays lowered PPG Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppg#NYSE">PPG</a>) price target from $163 to $149. Barclays analyst Duffy Fischer downgraded the stock from Overweight to Equal-Weight. PPG shares fell 1.4% to close at $142.34 on Monday. <a href="https://www.benzinga.com/quote/PPG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley slashed the price target for Unilever PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) from $52 to $48. Morgan Stanley analyst Sarah Simon downgraded the stock from Equal-Weight to Underweight. Unilever shares fell 0.4% to close at $50.47 on Monday. <a href="https://www.benzinga.com/quote/UL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo lowered Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) price target from $77 to $51. Wells Fargo analyst Steven Cahall downgraded the stock from Equal-Weight to Underweight. Roku shares fell 0.2% to close at $64.35 on Monday. <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for TransMedics Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>) from $92 to $105. Oppenheimer analyst Suraj Kalia maintained an Outperform rating. TransMedics shares fell 6.5% to close at $77.74 on Monday.<a href="https://www.benzinga.com/quote/TMDX/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted The Kroger Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) price target from $42 to $50. Wells Fargo analyst Edward Kelly upgraded the stock from Underweight to Equal-Weight. Kroger shares fell 2% to close at $47.26 on Monday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities&nbsp;cut Agree Realty Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adc#NYSE">ADC</a>) price target from $70 to $68. Truist Securities analyst Ki Bin Kim maintained the stock with a Buy rating. Agree Realty shares fell 1.9% to close at $56.40 on Monday. <a href="https://www.benzinga.com/quote/ADC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush raised Fate Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fate#NASDAQ">FATE</a>) price target from $3 to $7. Wedbush analyst David Nierengarten maintained a Neutral rating. Fate Therapeutics shares fell 0.1% to close at $6.95 on Monday. <a href="https://www.benzinga.com/quote/FATE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer increased CarGurus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/carg#NASDAQ">CARG</a>) price target from $26 to $30. Oppenheimer analyst Jed Kelly maintained an Outperform rating. CarGurus shares rose 0.2% to close at $23.89 on Monday. <a href="https://www.benzinga.com/quote/CARG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37327879/macys-lowes-and-3-stocks-to-watch-heading-into-tuesday"> Macy&#39;s, Lowe&#39;s And 3 Stocks To Watch Heading Into Tuesday </a>

CARG

FATE

ROKU

TMDX

Domino's To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Tuesday

Truist Securities analyst Ki Bin Kim maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and lowers the price target from $70 to $68.

Truist Securities Maintains Buy on Agree Realty, Lowers Price Target to $68

Although U.S. stocks closed mixed on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>PCB Bancorp </h3>
<ul>
<li>The Trade: PCB Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcb#NASDAQ">PCB</a>) Director Sang Young Lee <a href="https://www.benzinga.com/quote/BX/analyst-ratings"> acquired a total of 4,202 shares </a> an average price of $15.95. To acquire these shares, it cost around $67,002.</li>
<li>What&rsquo;s Happening: On Jan. 25, PCB Bancorp posted weaker-than-expected quarterly earnings.</li>
<li>What PCB Bancorp Does: PCB Bancorp is a bank holding company, which engages in the provision of consumer and commercial banking services.</li>
</ul>
<h3>HBT Financial </h3>
<ul>
<li>The Trade: HBT Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hbt#NASDAQ">HBT</a>) Director Roger A Baker acquired a total of 3,632shares at an average price of $18.86. To acquire these shares, it cost around $68,500.</li>
<li>What&rsquo;s Happening: On Jan. 4, HBT Finl posted upbeat quarterly earnings.</li>
<li>What HBT Financial Does: HBT Financial Inc provides a comprehensive suite of business, commercial, wealth management and retail banking products and services to individuals, businesses, and municipal entities throughout Central and Northeastern Illinois and Eastern Iowa.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Agree Realty </h3>
<ul>
<li>The Trade: Agree Realty Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adc#NYSE">ADC</a>) President and CEO Joey Agree <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 3,500 shares </a> at an average price of $56.92. To acquire these shares, it cost around $199,220.</li>
<li>What&rsquo;s Happening: On Feb. 13, Agree Realty posted better-than-expected sales for its fourth quarter.</li>
<li>What Agree Realty Does: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants.</li>
</ul>
<h3>Synchronoss Technologies </h3>
<ul>
<li>The Trade: Synchronoss Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) Director Kevin Rendino <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 5,617 shares </a> at an average price of $9.27. The insider spent around $52,081 to buy those shares.</li>
<li>What&rsquo;s Happening: On Feb. 15, Synchronoss said it sees FY23 revenue exceeding upper end of guidance.</li>
<li>What Synchronoss Technologies Does: Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/02/37283653/top-4-consumer-stocks-that-may-plunge-in-q1"> Top 4 Consumer Stocks That May Plunge In Q1</a>

SNCR

Insiders Buying Agree Realty And 3 Other Stocks

Regency Centers Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REG#NYSE">REG</a>), offering a 4% dividend, and Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>), with a 5% dividend, present unique opportunities in the real estate sector with their focused investments in retail and commercial properties. This is particularly relevant in the evolving retail landscape, as these companies specialize in the development and management of shopping centers and free-standing commercial properties—a niche gaining significance as consumer shopping habits shift and stabilize post-pandemic.&nbsp;
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
Regency Centers, known for its portfolio of high-quality shopping centers located in affluent suburban areas, taps into the demand for convenience and community-oriented retail spaces. The company&#8217;s centers often anchor essential services and popular retail chains, making them indispensable to the daily lives of the surrounding communities. This strategic positioning is vital as it capitalizes on the trend of consumers preferring to shop closer to home in open-air centers that offer safety, convenience, and an enjoyable shopping experience.
Agree Realty, on the other hand, focuses on acquiring and developing properties net-leased to industry-leading retail tenants. This model provides a stable income stream, as these tenants are generally responsible for most property expenses. ADC&#8217;s tenants include a variety of essential service providers, e-commerce-resistant retailers, and businesses that have shown resilience or growth during economic fluctuations. This diversification within the retail sector allows ADC to mitigate risks and capitalize on the enduring nature of well-positioned retail properties.
Investing in Regency Centers and Agree Realty offers an attractive blend of income and growth potential. Both companies boast solid dividend yields, reflecting their strong cash flows and operational efficiency. REG and ADC break the conventional trade-off between growth and income by offering investments in properties that are fundamental to the retail ecosystem, thus positioned for sustained demand.
The extensive portfolios of REG and ADC, spanning key urban and suburban markets, ensure a broad geographical footprint that helps in mitigating regional economic risks. Their properties serve as critical retail hubs, supporting a diverse tenant base from grocery stores to service-oriented businesses, highlighting the long-term demand for their strategically located and well-managed assets.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image credit: Shutterstock

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Agree Realty FFO of $1.01 beats by $0.01, revenue of $149.45M beats by $1.09M

Analyst Ki Bin Kim of Truist Financial maintained a Buy rating on Agree Realty (ADC – Research Report), retaining the price target of $68.00. Ki Bi...

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Buy Rating Affirmed for Agree Realty: Strong AFFO Performance and Strategic Financial Health

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Agree Realty (NYSE:<a href="https://investorplace.com/stock-quotes/adc-stock-quote/">ADC</a>) just reported results for the first quarter of 2024.<ul><li>Agree Realty reported earnings per share of $1.03. This was above the analyst estimate for EPS of $1.01.</li><li>The company reported revenue of $149.45 million.</li><li>This was 1.06% better than the analyst estimate for revenue of $147.88 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/adc-stock-earnings-agree-realty-for-q1-of-2024/">ADC Stock Earnings: Agree Realty Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ADC Stock Earnings: Agree Realty Beats EPS, Beats Revenue for Q1 2024

In a report released yesterday, Connor Siversky from Wells Fargo maintained a Buy rating on Agree Realty (ADC – Research Report), with a price targ...

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Press Releases

Agree Realty Declares Monthly Common and Preferred Dividends

Agree Realty Announces 2023 Investment Activity & Provides Capital Markets Update

Agree Realty Announces Fourth Quarter 2023 Earnings Release Date and Conference Call Information

Agree Realty Corporation Reports Fourth Quarter and Full Year 2023 Results

Agree Realty Declares Increased Monthly Common Dividend

Agree Realty Announces First Quarter 2024 Earnings Release Date and Conference Call Information