Agree Realty Corp (NYSE: ADC) is 7.31% higher on its value in year-to-date trading and has touched a low of $54.78 and a high of $78.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADC stock was last observed hovering at around $75.25 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $75.60, the stock is 2.53% and 4.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 0.47% at the moment leaves the stock 6.20% off its SMA200. ADC registered 29.92% gain for a year compared to 6-month loss of -1.09%. The firm has a 50-day simple moving average (SMA 50) of $72.46 and a 200-day simple moving average (SMA200) of $71.18825.
The stock witnessed a 4.13% gain in the last 1 month and extending the period to 3 months gives it a 1.53%, and is 0.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.04% over the month.
Agree Realty Corp (ADC) has around 75 employees, a market worth around $8.11B and $617.59M in sales. Current P/E ratio is 42.41 and Fwd P/E is 39.16. Profit margin for the company is 29.35%. Distance from 52-week low is 38.01% and -3.55% from its 52-week high. The company has generated returns on investments over the last 12 months (2.18%).
The EPS is expected to grow by 0.11% this year
615.0 institutions hold shares in Agree Realty Corp (ADC), with institutional investors hold 114.24% of the company’s shares. The shares outstanding are 107.25M, and float is at 105.28M with Short Float at 12.77%. Institutions hold 112.18% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.44 million shares valued at $894.55 million. The investor’s holdings represent 14.4013 of the ADC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.32 million shares valued at $824.84 million to account for 13.279 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.03 million shares representing 5.0165 and valued at over $313.05 million, while COHEN & STEERS, INC. holds 4.6977 of the shares totaling 4.71 million with a market value of $292.0 million.
Agree Realty Corp (ADC) Insider Activity
The most recent transaction is an insider purchase by RAKOLTA JOHN JR, the company’s Director. SEC filings show that RAKOLTA JOHN JR bought 20,275 shares of the company’s common stock on Dec 20 ’24 at a price of $70.33 per share for a total of $1.43 million. Following the purchase, the insider now owns 0.46 million shares.
Agree Realty Corp disclosed in a document filed with the SEC on Dec 23 ’24 that RAKOLTA JOHN JR (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 23 ’24 and was made at $70.07 per share for $0.7 million. Following the transaction, the insider now directly holds 0.47 million shares of the ADC stock.
Still, SEC filings show that on May 23 ’24, RAKOLTA JOHN JR (Director) acquired 20,000 shares at an average price of $59.32 for $1.19 million. The insider now directly holds 436,011 shares of Agree Realty Corp (ADC).
