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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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These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts

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

Keybanc analyst Upal Rana initiates coverage on Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Overweight rating and announces Price Target of $68.

Initiation

Keybanc Initiates Coverage On Agree Realty with Overweight Rating, Announces Price Target of $68

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>)
<ul>
<li>Dividend Yield: 4.94%</li>
<li>Truist Securities analyst Ki Bin Kim maintained a Buy rating and cut the price target from $70 to $68 &nbsp; on Feb. 27. This analyst has an accuracy rate of 61%.</li>
<li>Wells Fargo analyst Connor Siversky maintained an Overweight rating and slashed the price target from $66 to $62 on Feb. 20. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: On May 6, Agree Realty announced pricing of $450 million of 5.625% senior unsecured notes due 2034.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Agree Realty news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="688" height="732" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072233/Screenshot-2024-06-03-at-4.52.26-PM.png" alt="" class="wp-image-367575" style="width:464px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072233/Screenshot-2024-06-03-at-4.52.26-PM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072233/Screenshot-2024-06-03-at-4.52.26-PM-282x300.png 282w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>)
<ul>
<li>Dividend Yield: 4.82%</li>
<li>Raymond James analyst Jonathan Hughes reiterated an Outperform rating with a price target of $48 on March 28. This analyst has an accuracy rate of 67%.</li>
<li>Jefferies analyst Jonathan Petersen upgraded the stock from Hold to Buy and boosted the price target from $38 to $53 on Jan. 2. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On May 22, CubeSmart declared a quarterly dividend of 51 cents per common share for the period ending June 30, 2024.</li>
</ul>
<ul>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1">trend in CubeSmart's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="688" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072155/Screenshot-2024-06-03-at-4.51.47-PM.png" alt="" class="wp-image-367573" style="width:513px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072155/Screenshot-2024-06-03-at-4.51.47-PM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072155/Screenshot-2024-06-03-at-4.51.47-PM-277x300.png 277w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
NETSTREIT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>)
<ul>
<li>Dividend Yield: 4.73%</li>
<li>Truist Securities analyst Ki Bin Kim maintained a Buy rating and cut the price target from $22 to $18 on Nov. 27, 2023. This analyst has an accuracy rate of 61%.</li>
<li>Stifel analyst Simon Yarmikmaintained a Buy rating and slashed the price target from $20 to $17.75 on Oct. 26, 2023. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: On April 29, Netstreit posted better-than-expected quarterly results.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in NTST&#8217;s shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="692" height="649" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072029/Screenshot-2024-06-03-at-4.50.24-PM.png" alt="" class="wp-image-367570" style="width:522px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072029/Screenshot-2024-06-03-at-4.50.24-PM.png 692w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03072029/Screenshot-2024-06-03-at-4.50.24-PM-300x281.png 300w" sizes="(max-width: 692px) 100vw, 692px" /></a></figure>
Read More: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>

These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

UBS analyst Michael Goldsmith initiates coverage on Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Neutral rating and announces Price Target of $60.

UBS Initiates Coverage On Agree Realty with Neutral Rating, Announces Price Target of $60

Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades &amp; price target increases are great motivations for investors to buy a stock. Consequently, when an analyst upgrades or maintains a previous rating while increasing the price target, investors may anticipate a boost to the share price.
Analysts will often review a particular subsector and then increase price targets on more than one stock within a certain sector. Other times when one analyst boosts a rating on a stock, another analyst will soon follow suit.
Three analysts at Mizuho have been busy in the last few days, assessing numerous real estate investment trusts (REITs). Here are five REITs that just received Mizuho price target hikes:
VICI Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>) is a New York based diversified experiential REIT. It specializes in owning and operating gaming, hospitality, and entertainment properties. Its triple-net portfolio includes hotels in Las Vegas, such as Caesars Palace, MGM Grand and the Venetian Resort.
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VICI Properties was formed as a REIT in 2017 and was a spinoff from Caesars Entertainment Operating Company as part of a Chapter 11 reorganization. The IPO was held on Feb. 1, 2018. Vici Properties' portfolio presently includes 54 gaming and 38 nongaming facilities, with 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks.
On May 1, VICI Properties reported first quarter earnings that met consensus estimates and beat the consensus estimate on revenue.
On May 10, Mizuho analyst Haendel St. Juste maintained VICI Properties with a Buy and raised the price target from $31 to $32.&nbsp;
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. It has over 15,450 properties worldwide. 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 124 times since its IPO in 1994.&nbsp;
On May 6, Realty Income released its first quarter operating results. Funds From Operations (FFO) of $1.05 per share beat the estimate of $1.04 per share and revenue of $1.26 billion beat the consensus estimate of $1.10 billion.
On May 10, Mizuho analyst Vikram Malhorta maintained Realty Income with a Buy and raised the price target from $56 to $59. Realty Income recently closed at $54.63.
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Essential Properties Realty Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPRT#NYSE">EPRT</a>) is a Princeton, NJ based diversified REIT that owns and manages single-tenant properties with net leases for service-oriented and experience-based businesses. Essential Properties was founded in 2016. It has a portfolio of 1873 properties across 48 states. 99.8% of its properties are presently leased, with a weighted average lease term (WALT) of 14.0 years.&nbsp;
First quarter earnings were mixed. On April 24, Essential Properties reported an FFO of $0.42 per share, missing the estimate of $0.46 per share but revenue of $103.50 million topped the consensus estimate of $10.06 million.
On May 10, Mizuho analyst Vikram Malhorta maintained Essential Properties Realty Trust with a Buy and raised the price target from $26 to $29.
Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a Bloomfield Hills, MI based triple-net-lease REIT focused on retail properties. Its portfolio includes 2161 owned and operated properties totaling 45 million square feet across 49 states. 69% 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>).
Agree Realty had a terrific first quarter. On April 23 Agree reported FFO of $1.03 per share, beating the estimate of $1.01 per share. Revenue of $149.453 million was ahead of the estimate of $146.462 million and topped its Q1 2023 revenue of $126.618 million by 18.03%.
On May 10, Mizuho analyst Haendel St. Juste maintained Agree Realty at Neutral and raised the price target from $60 to $62.
Welltower Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) is a Toledo, Ohio based health care REIT that owns interests in housing for seniors, post-acute communities and outpatient medical properties. It does this by providing capital to the operators who run these facilities. Welltower was founded in 1970 under the original name of Health Care Fund and was incorporated as a REIT in 1985. Welltower is a member of the S&amp;P 500.
Welltower has a total portfolio of 2096 properties, comprised of Senior Housing, Outpatient Medical and Long-term/Post-Acute care across the U.S.&nbsp;
On April 29, Welltower reported its Q1 earnings. FFO of $1.01 per share beat the consensus estimate of $0.95. Revenue of $1.859 billion beat the consensus estimate of $1.806 billion and topped Q1 2023 revenue of $1.561 billion.
Welltower also increased its FY24 FFO from $3.95-$4.10 per share to $4.02-$4.15 per share.
On May 8, Mizuho analyst Omotayo Okusanya maintained Welltower with a Buy and raised the price target from $98 to $105.
With the strong earnings reports, it's easy to see why these five REITs received price target increases. However, investors should remember that analysts&#8217; price targets are the highest price expected within the next year and analysts are only correct about 50% of the time.
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Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within 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;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</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;">0</td>
<td style="text-align: right;">0</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;">0</td>
<td style="text-align: right;">0</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>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Agree Realty, revealing an average target of $64.79, a high estimate of $69.50, and a low estimate of $60.00. This current average represents a 2.32% decrease from the previous average price target of $66.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1715353211_0_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Agree Realty by financial experts is analyzed through recent analyst actions. The following summary presents 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>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$60.00</td>
</tr>
<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>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response 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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Agree Realty's market position. Stay informed and make well-judged decisions with the assistance of 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>Unveiling the Story Behind Agree Realty</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>Agree Realty's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Agree Realty showcased positive performance, achieving a revenue growth rate of 18.03% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Agree Realty's net margin is impressive, surpassing industry averages. With a net margin of 28.69%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Agree Realty's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.86%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Agree Realty's ROA excels beyond industry benchmarks, reaching 0.55%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.5, Agree Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</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. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Agree Realty In The Eyes Of 7 Experts

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 raises the price target from $60 to $62.

Mizuho Maintains Neutral on Agree Realty, Raises Price Target to $62

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

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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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

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&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.
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&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.
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&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.
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&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.
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&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.
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&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.
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&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.
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&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

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>
<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/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>Whole Foods' landlord has delivered a 15% net IRR for its investors since 2015. <a href="https://www.benzinga.com/money/fnrp">Check out the latest investment opportunities added to its platform.</a></li>
<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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<li>Warren Buffett once said that if you offered him a 1% interest in all farmland in the U.S. for $25 billion, "I'll write you a check this afternoon." <a href="https://www.benzinga.com/money/warren-buffett-farmland">Here's why farmland has become such an attractive investment</a>.</li>
</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.

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.

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>
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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/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>

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>

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

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Betting on high-yield REIT investments can prove remarkably lucrative over time. 



These businesses stand out in the investment world because they are obligated to return 90% of their taxable income to shareholders in the form of dividends. Additionally, REITs benefit from the exemption of corporate taxes.



Of late, REITS have performed remarkably well, despite fluctuating interest rates. These REITs have proven remarkably resilient, consistently distributing sizeable dividends despite the headwinds. Hence, they continue to be a hit with income-focused investors looking for high-yield opportunities.



And so, these REIT investments excel in delivering stable dividend returns through property investments and effective management. Each of these stocks are employing unique strategies to cater to specific real estate niches. Moreover, their excellent financial health makes them attractive for investors looking to diversify their portfolios with high-yield investments. Also, they are trading at attractive valuations, which further adds to their bull-case.



<h2>Newlake Capital Partners (NLCP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cannabis-stocks1600-300x169.png" alt="Marijuana Cannabis Leaf Stock Market Symbol Company Business 3d Illustration. Cannabis stocks"><div>Source: iQoncept / Shutterstock.com</div></div>Newlake Capital Partners&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/nlcp-stock-quote/">NLCP</a>) is a leading industrial REIT in the cannabis space. It specializes in triple-net leasing and providing essential capital to cannabis businesses.



A triple-net leading approach is incredibly effective, as it offloads property expenses. Those include taxes, insurance and maintenance to tenants, bolstering profitability and ensuring a steady income for shareholders. Moreover, the provision of funds to cannabis companies is another differentiator that is crucial in a tightly regulated market. Consequently, as per its latest report, NLCP boasts a 100% occupancy rate with an average of 14.1 years remaining on leases.



Financially, NLCP is doing remarkably well. Its average funds from operations (AFFO), a key metric in assessing the quality of REITs, <a href="https://seekingalpha.com/symbol/NLCP/growth">has climbed 6.8%</a>, a whopping 196% above the sector median. This powerful performance supports a healthy 5.8% dividend growth and a hefty 9.30% yield. Moreover, its stock trades at just <a href="https://seekingalpha.com/symbol/NLCP/valuation/metrics">14 times forward non-GAAP earnings</a>, trading 58% below the sector median



<h2>Realty Income (O)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/realty1600-300x169.jpg" alt="realty income logo highlighted by a magnifying glass on a web browser"><div>Source: Shutterstock</div></div>Realty Income&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/o-stock-quote/">O</a>) is a giant in the realm of income stocks, celebrated for its powerful and sustained dividend performance. To put things in perspective, it boasts a track record spanning over 26 years of consistent dividend growth. Realty Income&rsquo;s unique approach to dividend distribution, with monthly payouts, has fittingly earned it the title of &ldquo;The Monthly Dividend Company.&rdquo;



It stands out for its diversified retail real estate portfolio, underscoring its reputation as one of the top income stock picks. Its stable shareholder rewards program and high-quality retail locations, which maintain over 98% occupancy rate, underpin its investor appeal.



Also, Realty Income&rsquo;s superb dividend profile is naturally backed by its robust business. Its <a href="https://seekingalpha.com/symbol/O/growth">3-year average AFFO</a> has held steady at 5.7%, 38% higher than the sector median. Moreover, it recently bumped its financial outlook for the year, boosting the lower end of its earnings guidance and expanding its expected investment volume. Hence, the encouraging update indicates its management&rsquo;s confidence in continued top-and-bottom-line growth for the REIT.



<h2>Agree Realty (ADC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1392565235-300x169.png" alt="Agree Realty Corporation (ADC) logo visible on display screen."><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Another top U.S. retail REIT, Agree Realty (NYSE:<a href="https://investorplace.com/stock-quotes/adc-stock-quote/">ADC</a>) manages a sprawling portfolio of nearly 2,100 properties. Over the past decade, ADC has grown at an impressive pace through its long-term lease strategy, marked by a <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/917251/000110465924050574/tm2412472d1_8k.htm">remarkable 99.6% lease rate</a> with an average lease term of 8.2 years. Furthermore, the stock offers an attractive investment option for investors looking to blend income and growth. It has delivered a <a href="https://seekingalpha.com/symbol/ADC/momentum/performance">total return of 216%</a> over the past decade, just shy of the S&amp;P 500&rsquo;s 237%.



Additionally, it remains financially healthy as ever, as evidenced by another solid quarterly report. Its funds from operations (FFO) of $1.01 per share slightly surpassed expectations, with revenue jumping by 18% year-over-year (YOY) to $149.45 million, beating estimates by $1.09 million. Also, it recently declared a 25 cent per share dividend, annually amounting to $3, while yielding a solid 4.8%. With these factors in play, Agree Realty&rsquo;s capacity to maintain a strong fiscal footing while rewarding investors positions it enviably in the competitive REIT space.



On the&nbsp;date of publication, Muslim Farooque did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-high-yield-reits-to-buy-for-steady-income-in-a-volatile-market/">3 High-Yield REITs to Buy for Steady Income in a Volatile Market</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 High-Yield REITs to Buy for Steady Income in a Volatile Market

Jamie Dimon Predicts Higher Inflation: Our Response

ABBV

ALRS

APOG

AVNT

BANF

BKUTK

BSRTF

BSVN

CHCO

CINF

COST

CSWC

CTRE

ERIE

FFMR

FITB

FLIC

FNLC

FULT

GNTY

HLAN

IIPR

INTU

JJSF

JOUT

LECO

LRCX

MDLZ

MORN

MPWR

NLCP

NWFL

NXPI

OFLX

ORCL

PECO

PSBQ

REXR

SBUX

SFBS

SNDR

SWBI

TFII

THFF

TOWN

TRNO

WASH

XRAY

YORW

Press Releases

Agree Realty Corporation Reports Fourth Quarter and Full Year 2023 Results

Agree Realty Declares Monthly Common and Preferred Dividends

Agree Realty Declares Increased Monthly Common Dividend

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

Agree Realty Corporation Reports First Quarter 2024 Results

Offerings

Agree Realty Announces Pricing of $450 Million of 5.625% Senior Unsecured Notes Due 2034

Agree Realty Releases 2023 Sustainability Report

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

Acadia Realty Trust

Alexander's

Saul Centers


Josh GottheimerHouse (D-NJ)	$1K - $15K	stock	Purchase	May 15, 2024	Apr 15, 2024	House
Josh GottheimerHouse (D-NJ)	$1K - $15K	stock	Sale	Apr 07, 2024	Mar 14, 2024	House
Daniel GoldmanHouse (D-NY)	$1K - $15K	stock	Sale	Aug 13, 2023	Jul 12, 2023	House

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Government Trades

Agree Realty Corp

top performing ADC trades