A new trading day began on Friday, with Agree Realty Corp. (NYSE: ADC) stock price up 0.04% from the previous day of trading, before settling in for the closing price of $75.00. ADC’s price has ranged from $52.69 to $77.47 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Real Estate sector has jumped its sales by 31.51% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 6.23%. With a float of $101.63 million, this company’s outstanding shares have now reached $103.52 million.
In an organization with 72 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 72.88%, operating margin of 48.43%, and the pretax margin is 32.01%.
Agree Realty Corp. (ADC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Retail Industry. The insider ownership of Agree Realty Corp. is 1.83%, while institutional ownership is 102.31%. The most recent insider transaction that took place on May 23 ’24, was worth 1,186,400. In this transaction Director of this company bought 20,000 shares at a rate of $59.32, taking the stock ownership to the 436,011 shares. Before that another transaction happened on May 23 ’24, when Company’s Director bought 1,000 for $58.99, making the entire transaction worth $58,990. This insider now owns 23,036 shares in total.
Agree Realty Corp. (ADC) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.41 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.63% during the next five years compared to -0.98% drop over the previous five years of trading.
Agree Realty Corp. (NYSE: ADC) Trading Performance Indicators
Here are Agree Realty Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.93. Likewise, its price to free cash flow for the trailing twelve months is 18.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.81, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.82 in one year’s time.
Technical Analysis of Agree Realty Corp. (ADC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.58 million. That was better than the volume of 0.96 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 51.43%. Additionally, its Average True Range was 1.31.
During the past 100 days, Agree Realty Corp.’s (ADC) raw stochastic average was set at 86.30%, which indicates a significant increase from 48.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.96% in the past 14 days, which was higher than the 15.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.51, while its 200-day Moving Average is $64.02. However, in the short run, Agree Realty Corp.’s stock first resistance to watch stands at $75.71. Second resistance stands at $76.40. The third major resistance level sits at $76.89. If the price goes on to break the first support level at $74.53, it is likely to go to the next support level at $74.04. The third support level lies at $73.36 if the price breaches the second support level.
Agree Realty Corp. (NYSE: ADC) Key Stats
With a market capitalization of 7.77 billion, the company has a total of 100,626K Shares Outstanding. Currently, annual sales are 537,500 K while annual income is 169,960 K. The company’s previous quarter sales were 154,330 K while its latest quarter income was 44,380 K.
