ADC - Agree Realty Stock: Buy Sell or Hold?
2024-05-12 06:25:00 ET
If you want to generate passive income from your investment portfolio, Agree Realty (NYSE: ADC) is one stock to consider. The real estate investment trust (REIT) offers an attractive dividend yield of 5.1%. Not only that, but the company pays its dividend monthly, making it an appealing option for investors looking to generate consistent profits from their portfolios.
While its long-term performance has been stellar, rising interest rates over the past couple of years have weighed on the company and the commercial real estate industry in general. If you're a current shareholder or are looking to buy shares, you'll want to consider the following first.
Agree Realty acquires and manages stand-alone retail properties leased to high-quality tenants, which helps make its cash flows more resilient to economic downturns. Most of its rent comes from grocery stores, home improvement, tire and automotive service centers, dollar stores, and convenience stores.
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Agree Realty Stock: Buy, Sell, or Hold?