Strong Start and Positive Growth Outlook Affirm Buy Rating for Agree Realty
TipRanks (Wed, 24-Apr 5:46 AM ET)
Buy Rating Affirmed for Agree Realty: Strong AFFO Performance and Strategic Financial Health
TipRanks (Tue, 23-Apr 7:25 PM ET)
Buy Rating Affirmed for Agree Realty on Robust Guidance and Growth Prospects
TipRanks (Tue, 23-Apr 6:35 PM ET)
Agree Realty FFO of $1.01 beats by $0.01, revenue of $149.45M beats by $1.09M
Seeking Alpha News (Tue, 23-Apr 4:08 PM ET)
Agree Realty Corporation Reports First Quarter 2024 Results
PRNewswire (Tue, 23-Apr 4:05 PM ET)
Notable earnings after Tuesday's close
Seeking Alpha News (Mon, 22-Apr 5:35 PM ET)
Agree Realty Q1 2024 Earnings Preview
Seeking Alpha News (Mon, 22-Apr 12:53 PM ET)
Agree Realty Announces First Quarter 2024 Earnings Release Date and Conference Call Information
PRNewswire (Mon, 8-Apr 4:15 PM ET)
Agree Realty Declares Increased Monthly Common Dividend
PRNewswire (Mon, 8-Apr 4:05 PM ET)
Agree Realty Declares Monthly Common and Preferred Dividends
PRNewswire (Tue, 12-Mar 4:05 PM ET)
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 April 24, 2024, ADC stock price climbed to $58.19 with 656,673 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 0.21 to the broad based SPY ETF.
ADC has a market cap of $5.85 billion. This is considered a Mid Cap stock.
Last quarter Agree Realty reported $149 million in Revenue and $1.03 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.02.
In the last 3 years, ADC stock 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 return of -8.9%, while the SPY ETF gained +24.1%. In the last 3 month period, ADC fell short of the market, returning -2.6%, while SPY returned +4.4%. However, in the most recent 2 weeks ADC has outperformed the stock market by returning -0.4%, while SPY returned -2.8%.
ADC support price is $56.85 and resistance is $58.27 (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.