Agree Realty Corporation (NYSE:ADC) went up by 1.68% from its latest closing price compared to the recent 1-year high of $75.95. The company’s stock price has collected 1.43% of gains in the last five trading sessions. Press Release reported on 11/11/21 that Agree Realty Declares Monthly Common and Preferred Dividends
Is It Worth Investing in Agree Realty Corporation (NYSE :ADC) Right Now?
Agree Realty Corporation (NYSE:ADC) scored a price-to-earnings ratio above its average ratio, recording 39.86 x from its present earnings ratio. Plus, the 36-month beta value for ADC is at 0.42. Opinions of the stock are interesting as 9 analysts out of 13 who provided ratings for Agree Realty Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $81.36, which is $11.38 above the current price. ADC currently public float of 68.34M and currently shorts hold a 5.60% ratio of that float. Today, the average trading volume of ADC was 389.86K shares.
ADC’s Market Performance
ADC stocks went up by 1.43% for the week, with a monthly drop of -1.56% and a quarterly performance of -4.35%, while its annual performance rate touched 5.57%. The volatility ratio for the week stands at 1.81% while the volatility levels for the past 30 days are set at 1.73% for Agree Realty Corporation. The simple moving average for the period of the last 20 days is -0.28% for ADC stocks with a simple moving average of 0.02% for the last 200 days.
Analysts’ Opinion of ADC
Many brokerage firms have already submitted their reports for ADC stocks, with RBC Capital Mkts repeating the rating for ADC by listing it as a “Outperform.” The predicted price for ADC in the upcoming period, according to RBC Capital Mkts is $80 based on the research report published on September 17th of the current year 2021.
Mizuho, on the other hand, stated in their research note that they expect to see ADC reach a price target of $73. The rating they have provided for ADC stocks is “Neutral” according to the report published on June 03rd, 2021.
BTIG Research gave a rating of “Buy” to ADC, setting the target price at $74 in the report published on October 12th of the previous year.
ADC Trading at 0.90% from the 50-Day Moving Average
After a stumble in the market that brought ADC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.68% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.82% lower at present.
During the last 5 trading sessions, ADC rose by +1.43%, which changed the moving average for the period of 200-days by +5.99% in comparison to the 20-day moving average, which settled at $70.27. In addition, Agree Realty Corporation saw 5.32% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ADC starting from Lehmkuhl Greg, who purchase 500 shares at the price of $68.35 back on Nov 17. After this action, Lehmkuhl Greg now owns 9,240 shares of Agree Realty Corporation, valued at $34,175 using the latest closing price.
Frankel Merrie S., the Director of Agree Realty Corporation, purchase 100 shares at $68.28 during a trade that took place back on Oct 08, which means that Frankel Merrie S. is holding 3,575 shares at $6,828 based on the most recent closing price.
Stock Fundamentals for ADC
Current profitability levels for the company are sitting at:
- +50.34 for the present operating margin
- +60.37 for the gross margin
The net margin for Agree Realty Corporation stands at +36.64. The total capital return value is set at 3.93, while invested capital returns managed to touch 2.86. Equity return is now at value 3.90, with 2.50 for asset returns.
Based on Agree Realty Corporation (ADC), the company’s capital structure generated 49.67 points at debt to equity in total, while total debt to capital is 33.19. Total debt to assets is 32.27, with long-term debt to equity ratio resting at 49.63. Finally, the long-term debt to capital ratio is 33.16.
When we switch over and look at the enterprise to sales, we see a ratio of 18.97, with the company’s debt to enterprise value settled at 0.26. The receivables turnover for the company is 7.69 and the total asset turnover is 0.08.