Insider Trading Roundup: Agree Realty Corporation $ADC

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Agree Realty Corporation (NYSE:ADC) insider have most recently took part in a trading activity. On Nov 30, 2017 Rakolta John Jr, Director bought 3,300 shares having total worth of $163,911 at the price of $49.67 per share, following the transaction a total of 172,433 shares owned by Rakolta John Jr. Before this latest buy, Rakolta John Jr purchased ADC at 1 other times during the past twelve months, for a total investment of $448,200 at an average of $44.82 per share.

Furthermore, over the past 12 months , the stock was traded 4 times by insiders. an employee of the company was the buyer in 4 instances.

Shares of Agree Realty Corporation (NYSE:ADC) traded down 0.24% on Nov 29, 2017, hitting $49.41. 152,332 shares of the company’s stock traded hands. Agree Realty Corporation has a 52 week low of $42.44 and a 52 week high of $51.1. The company’s market cap is $1,190 million.

Agree Realty Corporation (NYSE:ADC) last announced its earnings results on Oct 23, 2017. The company reported 0.69 earnings per share (EPS) for the quarter. The company had revenue of $30 million for the quarter, compared to the consensus estimate of $29 million. During the same quarter in the previous year, the company posted 0.66 earnings per share. The company’s revenue for the quarter was up 26% on a year-over-year basis.

2017-10-23 2017-07-24 2017-04-24 2017-02-23 2016-10-24 2016-07-25 2016-04-25 2016-03-03 2015-10-26 2015-07-27
earnings per share 0.69 0.67 0.65 0.63 0.66 0.61 0.61 0.60 0.60 0.62
Revenue(M) 30.39 28.08 26.56 25.3 24.16 21.84 20.22 19.15 17.85 17.22

Agree Realty Corporation has been the subject of a number of recent research reports. Analysts at FBR Capital Maintains shares of Agree Realty Corporation to an Buy rating in a research note. They now have a $58.00 price target on the stock.

Agree Realty Corporation, a Maryland corporation incorporated in December 1993. The Company is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses mainly on the ownership, development, acquisition and management of single tenant retail properties net leased to national tenants. It is also engaged in the development and acquisition of single tenant net lease retail properties throughout the United States. At December 31, 2012, its portfolio consisted of 109 properties, located in 27 states containing an aggregate of approximately 3.2 million square feet of gross leasable area (“GLA”). As of December 31, 2012, its portfolio included 100 freestanding single tenant net leased properties and nine community shopping centers that were 98% leased with a weighted average lease term of approximately 12.1 years remaining. Its growth strategy includes the development and acquisition of industry leading single tenant net leased retail properties. It actively competes with many other entities engaged in the development, acquisition and operation of commercial properties.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.