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 April 19, 2024, ADC stock price climbed to $56.56 with 1,072,821 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 $5.69 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, VTI, IJH, VB, VBR.

ADC has underperformed the market in the last year with a return of -11.5%, while the SPY ETF gained +21.2%. In the last 3 month period, ADC fell short of the market, returning -6.2%, while SPY returned +3.0%. However, in the most recent 2 weeks ADC has outperformed the stock market by returning +0.9%, while SPY returned -4.5%.

ADC support price is $55.16 and resistance is $56.50 (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.