E Agree Realty Likes High Profile Retail Tenants

This week the portfolio I'm building (my Safari To Sweet Success portfolio) seeks a high-yield and growing stock in the real estate sector. 

That real estate sector sector includes nine industries all related to real property ownership. The industries are: general real estate; real estate services; and seven varieties of real estate investment trusts: diversified, healthcare facilities, hotel & motel, industrial, office, residential, and retail. Today I'm reviewing a small-cap retail real estate investment trust or REIT. The trust's name is Agree Realty Corporation (ADC).

Agree Realty Corporation is engaged in real estate activities primarily in the United States. It manages retail properties for the purpose of generating shareholders income on a consistent basis. As of December 31, 2017, the Company owned and operated a portfolio of 436 properties, located in 43 states and containing approximately 8.7 million square feet of gross leasable space. The company was founded in 1994 and is headquartered in Bloomfield Hills, Michigan

I use three key data points gauge the value of any dividend equity or fund like Agree Realty Corporation: 

(1) Price

(2) Dividends

(3) Returns

After those three, four more keys will finally unlock an equity or fund in which to invest. No matter what, it's the first three primary traits that best tell whether a company has made, is making, and will make money. 

ADC Price

Agree's price was $53.81 per share at yesterday's market close.A year ago its price was $48.35 for a gain of $5.46 per share in the past year. Assuming Agree's price will continue to trade in the range of $45.00 to $65.00 next year, its price could grow another $5.46 from $53.81 to $59.27 by June 15, 2019. 

ADC Dividends

Agree's most recently declared monthly dividend was $0.54 per share payable in July.That $0.54 monthly dividend equates to an estimated annual payout of $2.16 for 2018-19 which yields 4% at yesterday's $53.81 closing stock price.  

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Disclosure: Every New York stock exchange trading day I'm posting a daily dividend stock or fund review. I'll share the three chief qualities of just one equity or fund that could be selected ...

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