Price Action Alert: Agree Realty Corporation’s Trend Down, Especially After Today’s Weak Session

Price Action Alert: Agree Realty Corporation's Trend Down, Especially After Today's Weak Session

The stock of Agree Realty Corporation (NYSE:ADC) is a huge mover today! Agree Realty Corporation (NYSE:ADC) has risen 25.56% since March 2, 2016 and is uptrending. It has outperformed by 17.31% the S&P500.
The move comes after 8 months negative chart setup for the $1.08 billion company. It was reported on Oct, 5 by We have $42.31 PT which if reached, will make NYSE:ADC worth $75.60M less.

Analysts await Agree Realty Corporation (NYSE:ADC) to report earnings on October, 24. They expect $0.64 EPS, up 4.92% or $0.03 from last year’s $0.61 per share. ADC’s profit will be $15.19 million for 17.77 P/E if the $0.64 EPS becomes a reality. After $0.61 actual EPS reported by Agree Realty Corporation for the previous quarter, Wall Street now forecasts 4.92% EPS growth.

Agree Realty Corporation (NYSE:ADC) Ratings Coverage

Out of 4 analysts covering Agree Realty Corp (NYSE:ADC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Agree Realty Corp has been the topic of 7 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given on Tuesday, May 31 by Jefferies. The stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given on Wednesday, October 28 by Compass Point. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. On Thursday, April 21 the stock rating was initiated by Jefferies with “Buy”. The company was maintained on Wednesday, July 27 by Wunderlich. Wunderlich maintained Agree Realty Corporation (NYSE:ADC) on Friday, May 6 with “Buy” rating.

According to Zacks Investment Research, “Agree Realty Corp. is a self-administered, self-managed real estate investment trust which develops, acquires, owns and operates properties which are primarily leased to major national and regional retail companies under net leases.”

Insitutional Activity: The institutional sentiment increased to 1.93 in Q2 2016. Its up 0.55, from 1.38 in 2016Q1. The ratio is positive, as 19 funds sold all Agree Realty Corporation shares owned while 39 reduced positions. 22 funds bought stakes while 90 increased positions. They now own 17.93 million shares or 21.42% more from 14.76 million shares in 2016Q1.
Public Sector Pension Board, a Quebec – Canada-based fund reported 16,791 shares. Philadelphia Finance Mgmt Of San Francisco Ltd Liability reported 191,333 shares or 2.12% of all its holdings. Putnam Limited Liability, a Massachusetts-based fund reported 45,148 shares. Swiss National Bank accumulated 0% or 37,482 shares. Tiaa Cref Inv Management Lc has 79,292 shares for 0% of their US portfolio. Public Employees Retirement Association Of Colorado owns 18,700 shares or 0.01% of their US portfolio. Alphamark Advisors Ltd Liability Co accumulated 7,605 shares or 0.22% of the stock. Synovus Financial holds 0% or 180 shares in its portfolio. Guggenheim Limited Liability Co last reported 30,683 shares in the company. Wells Fargo Company Mn last reported 109,196 shares in the company. Fmr Ltd Liability Com last reported 690,710 shares in the company. Fuller And Thaler Asset Incorporated last reported 0% of its portfolio in the stock. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Schwab Charles Investment Mgmt Inc holds 81,734 shares or 0% of its portfolio. Mesirow Investment holds 360,175 shares or 1.01% of its portfolio.

More important recent Agree Realty Corporation (NYSE:ADC) news were published by: which released: “Agree Realty Corp. initiated with buy rating at Stifel” on December 21, 2009, also published article titled: “Agree Realty Declares Quarterly Cash Dividend”, published: “Agree Realty Appoints Merrie S. Frankel to Board of Directors” on September 06, 2016. More interesting news about Agree Realty Corporation (NYSE:ADC) was released by: and their article: “Agree Realty Announces Third Quarter 2016 Earnings Release Date and Conference …” with publication date: October 03, 2016.

ADC Company Profile

Agree Realty Corporation (Agree Realty), incorporated on December 15, 1993, is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Firm operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company’s portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. The Company’s portfolio includes approximately 275 net lease properties and over three community shopping centers, which range in size from 20,000 to 241,458 square feet of gross leasable area (GLA). The Company’s primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States.

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