28-Mar-2024
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Agree Realty Declares Monthly Common and Preferred Dividends
PRNewswire (Tue, 12-Mar 4:05 PM ET)
Agree Realty Announces Fourth Quarter 2023 Earnings Release Date and Conference Call Information
PRNewswire (Mon, 8-Jan 4:05 PM ET)
Agree Realty Announces 2023 Investment Activity & Provides Capital Markets Update
PRNewswire (Wed, 3-Jan 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 March 28, 2024, ADC stock price climbed to $57.12 with 806,627 million shares trading.
ADC has a beta of 0.74, meaning it tends to be less sensitive to market movements. ADC has a correlation of 0.27 to the broad based SPY ETF.
ADC has a market cap of $5.74 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 $52.69.
The top ETF exchange traded funds that ADC belongs to (by Net Assets): VNQ, IJH, VTI, VB, VBR.
ADC has underperformed the market in the last year with a return of -10.0%, while the SPY ETF gained +33.6%. In the last 3 month period, ADC fell short of the market, returning -7.4%, while SPY returned +10.1%. However, in the most recent 2 weeks ADC has outperformed the stock market by returning +2.0%, while SPY returned +1.7%.
ADC support price is $55.91 and resistance is $57.45 (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.