Agree Realty Corporation (NYSE:ADC)’s Trend Up, Especially After Decreased Shorts

October 12, 2017 - By Marguerite Chambers

 Agree Realty Corporation (NYSE:ADC)’s Trend Up, Especially After Decreased Shorts

Investors sentiment increased to 2.02 in 2017 Q2. Its up 0.84, from 1.18 in 2017Q1. It improved, as 13 investors sold Agree Realty Corporation shares while 35 reduced holdings. 32 funds opened positions while 65 raised stakes. 22.50 million shares or 2.12% more from 22.04 million shares in 2017Q1 were reported.
Asset One Ltd has 0.01% invested in Agree Realty Corporation (NYSE:ADC). Credit Suisse Ag has 0% invested in Agree Realty Corporation (NYSE:ADC) for 66,694 shares. 138,892 were accumulated by Tiaa Cref Investment Mgmt Ltd Liability Company. Price T Rowe Assocs Inc Md holds 25,071 shares or 0% of its portfolio. Morgan Stanley holds 77,885 shares. Bailard Incorporated has invested 0.02% in Agree Realty Corporation (NYSE:ADC). Crawford Inv Counsel Inc reported 0.05% in Agree Realty Corporation (NYSE:ADC). Exane Derivatives stated it has 1 shares or 0% of all its holdings. The New York-based Rothschild Asset Mgmt has invested 0.02% in Agree Realty Corporation (NYSE:ADC). Silvercrest Asset Mngmt Grp Inc Ltd reported 117,526 shares. New York-based Millennium Management Limited Com has invested 0.01% in Agree Realty Corporation (NYSE:ADC). Geode Mngmt Limited Liability holds 0% or 216,189 shares. Westpac Banking Corporation holds 37,709 shares. 6,109 are held by Piedmont Advsrs Ltd. Moreover, Parametric Port Assocs Limited Com has 0% invested in Agree Realty Corporation (NYSE:ADC) for 74,185 shares.

Since May 4, 2017, it had 4 buys, and 0 selling transactions for $1.68 million activity. $448,200 worth of Agree Realty Corporation (NYSE:ADC) was bought by RAKOLTA JOHN JR on Thursday, May 4. Rubenfaer William S. bought $112,300 worth of Agree Realty Corporation (NYSE:ADC) on Tuesday, May 16. 100 shares valued at $4,512 were bought by Frankel Merrie S. on Wednesday, May 17. AGREE RICHARD bought $1.12 million worth of Agree Realty Corporation (NYSE:ADC) on Thursday, May 4.

The stock of Agree Realty Corporation (NYSE:ADC) registered a decrease of 2.02% in short interest. ADC’s total short interest was 485,900 shares in October as published by FINRA. Its down 2.02% from 495,900 shares, reported previously. With 150,500 shares average volume, it will take short sellers 3 days to cover their ADC’s short positions. The short interest to Agree Realty Corporation’s float is 1.96%.

About 36,622 shares traded. Agree Realty Corporation (NYSE:ADC) has risen 10.49% since October 12, 2016 and is uptrending. It has underperformed by 6.21% the S&P500.

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The company has market cap of $1.40 billion. The Firm operates through Agree Limited Partnership (the Operating Partnership). It has a 22.19 P/E ratio. As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).

Agree Realty Corporation (NYSE:ADC) Ratings Coverage

Among 12 analysts covering Agree Realty Corp (NYSE:ADC), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Agree Realty Corp had 26 analyst reports since October 28, 2015 according to SRatingsIntel. The stock of Agree Realty Corporation (NYSE:ADC) earned “Buy” rating by SunTrust on Friday, December 16. On Wednesday, October 12 the stock rating was initiated by FBR Capital with “Outperform”. Wunderlich maintained it with “Buy” rating and $54 target in Wednesday, July 27 report. The stock of Agree Realty Corporation (NYSE:ADC) earned “Hold” rating by Jefferies on Thursday, January 5. The rating was maintained by FBR Capital on Monday, September 18 with “Buy”. The firm has “Buy” rating by Suntrust Robinson given on Friday, December 16. The stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given on Thursday, April 21 by Jefferies. The stock of Agree Realty Corporation (NYSE:ADC) earned “Buy” rating by Wunderlich on Friday, May 6. On Wednesday, September 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. Ladenburg maintained Agree Realty Corporation (NYSE:ADC) on Tuesday, July 25 with “Buy” rating.

More important recent Agree Realty Corporation (NYSE:ADC) news were published by: Prnewswire.com which released: “Agree Realty Completes $100 Million Private Placement Of Senior Unsecured Notes” on September 20, 2017, also Seekingalpha.com published article titled: “Is Agree Realty The New ‘O’?”, Nasdaq.com published: “Agree Realty Corporation (ADC) Ex-Dividend Date Scheduled for June 28, 2017” on June 27, 2017. More interesting news about Agree Realty Corporation (NYSE:ADC) was released by: Nasdaq.com and their article: “Agree Realty Corporation (ADC) Ex-Dividend Date Scheduled for September 28, 2017” with publication date: September 27, 2017.

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