ADC Stock Summary and Trading Ideas (Agree Realty | NYSE:ADC)

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.

Agree Realty trades on the NYSE stock market under the symbol ADC.

As of October 2, 2023, ADC stock price declined to $53.77 with 449,845 million shares trading.

ADC has a beta of 0.63, meaning it tends to be less sensitive to market movements. ADC has a correlation of 0.37 to the broad based SPY ETF.

ADC has a market cap of $5.18 billion. This is considered a Mid Cap stock.

In the last 3 years, ADC stock traded as high as $80.44 and as low as $53.63.

The top ETF exchange traded funds that ADC belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

ADC has underperformed the market in the last year with a price return of -13.8% while the SPY ETF gained +19.0%. ADC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.8% and -9.2%, respectively, while the SPY returned -2.6% and -4.1%, respectively.

ADC support price is $54.49 and resistance is $55.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADC stock will trade within this expected range on the day.