On Tuesday, Agree Realty Corp (NYSE: ADC) was 0.08% up from the session before settling in for the closing price of $74.00. A 52-week range for ADC has been $54.28 – $77.47.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 31.51%. When this article was written, the company’s average yearly earnings per share was at 5.98%. With a float of $101.63 million, this company’s outstanding shares have now reached $103.52 million.
The extent of productivity of a business whose workforce counts for 72 workers is very important to gauge. In terms of profitability, gross margin is 71.81%, operating margin of 48.43%, and the pretax margin is 32.52%.
Agree Realty Corp (ADC) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Agree Realty Corp stocks. The insider ownership of Agree Realty Corp is 1.83%, while institutional ownership is 101.60%. 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) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.41 earnings per share (EPS) during the time that was less than consensus figure (set at 0.45) by -0.04. 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 5.98% 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
You can see what Agree Realty Corp (ADC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.76. Likewise, its price to free cash flow for the trailing twelve months is 17.97.
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)
The latest stats from [Agree Realty Corp, ADC] show that its last 5-days average volume of 1.07 million was superior to 0.97 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.18%. Additionally, its Average True Range was 1.23.
During the past 100 days, Agree Realty Corp’s (ADC) raw stochastic average was set at 80.00%, which indicates a significant increase from 21.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.46% in the past 14 days, which was higher than the 14.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.77, while its 200-day Moving Average is $64.46. Now, the first resistance to watch is $74.38. This is followed by the second major resistance level at $74.69. The third major resistance level sits at $75.32. If the price goes on to break the first support level at $73.44, it is likely to go to the next support level at $72.81. Assuming the price breaks the second support level, the third support level stands at $72.50.
Agree Realty Corp (NYSE: ADC) Key Stats
There are 103,523K outstanding shares of the company, which has a market capitalization of 7.67 billion. As of now, sales total 537,500 K while income totals 169,960 K. Its latest quarter income was 154,330 K while its last quarter net income were 44,380 K.
