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 29, 2024, ADC stock price declined to $73.88 with 834,555 million shares trading.

ADC has a beta of 0.17, meaning it tends to be less sensitive to market movements. ADC has a correlation of 0.02 to the broad based SPY ETF.

ADC has a market cap of $8.02 billion. This is considered a Mid Cap stock.

Last quarter Agree Realty reported $154 million in Revenue and $1.03 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .

In the last 3 years, ADC traded as high as $80.44 and as low as $52.69.

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 +42.1% while the SPY ETF gained +43.4%. However, in the short term, ADC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.0% vs +7.1% return in SPY. But in the last 2 weeks, ADC shares have been beat by the market, returning -1.9% compared to an SPY return of +0.3%.

ADC support price is $73.68 and resistance is $75.22 (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 shares will trade within this expected range on the day.