Agree Realty Corporation (NYSE:ADC) on Focus After Report of Less Shorts

June 20, 2017 - By Vivian Currie

 Agree Realty Corporation (NYSE:ADC) on Focus After Report of Less Shorts

Investors sentiment increased to 1.93 in 2016 Q4. Its up 0.82, from 1.11 in 2016Q3. It improved, as 23 investors sold Agree Realty Corporation shares while 34 reduced holdings. 25 funds opened positions while 85 raised stakes. 22.13 million shares or 18.73% more from 18.64 million shares in 2016Q3 were reported.
State Of Alaska Department Of Revenue holds 0.06% or 13,560 shares. Amp Invsts has invested 0.01% in Agree Realty Corporation (NYSE:ADC). Blackrock Institutional Com Na invested in 0.01% or 957,457 shares. State Bank Of Montreal Can accumulated 21 shares. Dupont Capital Mgmt Corporation holds 14,181 shares or 0.01% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,224 shares. Moreover, Manning & Napier Advisors Limited Com has 0.04% invested in Agree Realty Corporation (NYSE:ADC) for 142,710 shares. Blackrock holds 75,600 shares. Prudential Financial Inc invested 0% of its portfolio in Agree Realty Corporation (NYSE:ADC). The New York-based Ny State Common Retirement Fund has invested 0% in Agree Realty Corporation (NYSE:ADC). State Street stated it has 652,720 shares. Mufg Americas Corp invested in 785 shares or 0% of the stock. Blackrock Limited holds 0.01% in Agree Realty Corporation (NYSE:ADC) or 231,092 shares. Blackrock Fund Advsrs accumulated 2.03 million shares or 0.02% of the stock. Sector Pension Inv Board owns 18,691 shares or 0.01% of their US portfolio.

Since May 4, 2017, it had 4 buys, and 0 selling transactions for $1.68 million activity. Shares for $1.12M were bought by AGREE RICHARD. $112,300 worth of stock was bought by Rubenfaer William S. on Tuesday, May 16. RAKOLTA JOHN JR bought $448,200 worth of stock.

The stock of Agree Realty Corporation (NYSE:ADC) registered a decrease of 9.51% in short interest. ADC’s total short interest was 773,300 shares in June as published by FINRA. Its down 9.51% from 854,600 shares, reported previously. With 248,500 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 3.12%.

About 109 shares traded. Agree Realty Corporation (NYSE:ADC) has risen 10.49% since June 20, 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 $1.25 billion. The Firm operates through Agree Limited Partnership (the Operating Partnership). It has a 22.29 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 10 analysts covering Agree Realty Corp (NYSE:ADC), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Agree Realty Corp had 17 analyst reports since October 28, 2015 according to SRatingsIntel. On Tuesday, May 31 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by FBR Capital with “Outperform” on Wednesday, October 12. The firm has “Buy” rating given on Friday, December 16 by SunTrust. The firm has “Market Perform” rating given on Thursday, January 26 by Wells Fargo. The rating was initiated by Citigroup on Thursday, December 22 with “Neutral”. Wunderlich downgraded Agree Realty Corporation (NYSE:ADC) rating on Monday, February 27. Wunderlich has “Hold” rating and $5 target. Compass Point maintained the shares of ADC in report on Wednesday, October 28 with “Buy” rating. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. The stock has “Hold” rating by Jefferies on Monday, May 29. The company was maintained on Wednesday, July 27 by Wunderlich.

More news for Agree Realty Corporation (NYSE:ADC) were recently published by: Prnewswire.com, which released: “Agree Realty Increases its 2017 Guidance and Provides Update on Investment …” on June 05, 2017. Streetinsider.com‘s article titled: “Agree Realty (ADC) Prices 2.1M Common Stock Offering for Gross Proceeds of $98M” and published on June 13, 2017 is yet another important article.

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