ADC stock icon

Agree Realty
ADC

$64.16
0.63%
 

About: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Employees: 72

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 35 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

76% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 33

32% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 121

7% more funds holding

Funds holding: 361 [Q4 2023] → 386 (+25) [Q1 2024]

3.49% less ownership

Funds ownership: 101.37% [Q4 2023] → 97.87% (-3.49%) [Q1 2024]

12% less capital invested

Capital invested by funds: $6.41B [Q4 2023] → $5.62B (-$795M) [Q1 2024]

57% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 3 (-4) [Q1 2024]

65% less call options, than puts

Call options by funds: $6.22M | Put options by funds: $17.8M

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$60
6%
downside
Avg. target
$66
2%
upside
High target
$71
11%
upside

11 analyst ratings

positive
73%
neutral
27%
negative
0%
Keybanc
Upal Rana
6%upside
$68
Overweight
Initiated
12 Jun 2024
UBS
Michael Goldsmith
6%downside
$60
Neutral
Initiated
31 May 2024
Mizuho
Haendel St. Juste
3%downside
$62
Neutral
Maintained
10 May 2024
Mizuho
Haendel St. Juste
6%downside
$60
Neutral
Maintained
7 Mar 2024
Truist Securities
Ki Bin Kim
6%upside
$68
Buy
Maintained
27 Feb 2024

Financial journalist opinion

Based on 35 articles about ADC published over the past 30 days