The price-to-earnings ratio for Agree Realty Corp. (NYSE: ADC) is 35.21x, which is above its average ratio. Moreover, the 36-month beta value for ADC is 0.56. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ADC is 98.81M and currently, short sellers hold a 4.09% of that float. On May 10, 2024, ADC’s average trading volume was 1.05M shares.
ADC) stock’s latest price update
The stock price of Agree Realty Corp. (NYSE: ADC) has surged by 1.95 when compared to previous closing price of 58.35, but the company has seen a 2.57% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-09 that Dividend investing has a long, successful track record that makes it one of the best strategies investors can use. The best dividend growth stocks to buy tend to be those that regularly raise their shareholder payout.
ADC’s Market Performance
Agree Realty Corp. (ADC) has seen a 2.57% rise in stock performance for the week, with a 5.25% gain in the past month and a 2.62% surge in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.57% for ADC. The simple moving average for the last 20 days is 3.88% for ADC stock, with a simple moving average of 1.07% for the last 200 days.
Analysts’ Opinion of ADC
Many brokerage firms have already submitted their reports for ADC stocks, with BMO Capital Markets repeating the rating for ADC by listing it as a “Outperform.” The predicted price for ADC in the upcoming period, according to BMO Capital Markets is $69 based on the research report published on February 13, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see ADC reach a price target of $71. The rating they have provided for ADC stocks is “Mkt Outperform” according to the report published on January 22nd, 2024.
Exane BNP Paribas gave a rating of “Neutral” to ADC, setting the target price at $64 in the report published on December 13th of the previous year.
ADC Trading at 4.64% 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 -14.11% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +4.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.56% upper at present.
During the last 5 trading sessions, ADC rose by +2.57%, which changed the moving average for the period of 200-days by -12.66% in comparison to the 20-day moving average, which settled at $57.41. In addition, Agree Realty Corp. saw -5.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADC starting from Breslin Stephen, who purchase 450 shares at the price of $55.33 back on Mar 14 ’24. After this action, Breslin Stephen now owns 10,441 shares of Agree Realty Corp., valued at $24,898 using the latest closing price.
AGREE RICHARD, the EXECUTIVE CHAIRMAN OF BOARD of Agree Realty Corp., purchase 16,000 shares at $55.50 during a trade that took place back on Feb 29 ’24, which means that AGREE RICHARD is holding 135,855 shares at $888,000 based on the most recent closing price.
Stock Fundamentals for ADC
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 0.81 for the gross margin
The net margin for Agree Realty Corp. stands at 0.31. The total capital return value is set at 0.03. Equity return is now at value 3.46, with 2.33 for asset returns.
Based on Agree Realty Corp. (ADC), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 6.08.
Currently, EBITDA for the company is 437.65 million with net debt to EBITDA at 5.89. When we switch over and look at the enterprise to sales, we see a ratio of 15.16. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To wrap up, the performance of Agree Realty Corp. (ADC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
