Key Researchers at Citigroup Kept their ‘Neutral’ rating for Agree Realty (NYSE:ADC) Shares Today. Their Target is $61

Investors sentiment is 1.35 in 2018 Q3. Its the same as in 2018Q2. It is flat, as 17 investors sold Agree Realty Corporation shares while 55 reduced holdings. only 30 funds opened positions while 67 raised stakes. 32.47 million shares or 10.85% more from 29.29 million shares in 2018Q2 were reported.

Northpointe Capital Lc, Michigan-based fund reported 100,164 shares. Bankshares Of America De reported 82,721 shares. Wellington Grp Llp accumulated 1.28M shares. Raymond James Associate reported 60,515 shares. Goldman Sachs Grp Incorporated owns 0% invested in Agree Realty Corporation (NYSE:ADC) for 208,676 shares. Arizona State Retirement Sys reported 45,016 shares or 0.02% of all its holdings. Martingale Asset Lp invested in 0% or 5,900 shares. Schwab Charles Investment Mngmt stated it has 170,199 shares or 0.01% of all its holdings. Rothschild Asset Mgmt Us holds 0.01% or 24,425 shares. Amundi Pioneer Asset Mgmt Inc has invested 0% in Agree Realty Corporation (NYSE:ADC). Manufacturers Life Comm The accumulated 8,289 shares. Tudor Investment Corporation Et Al has invested 0.03% in Agree Realty Corporation (NYSE:ADC). Great West Life Assurance Can reported 47,432 shares. Illinois-based Northern Trust Corp has invested 0.01% in Agree Realty Corporation (NYSE:ADC). Sumitomo Mitsui Tru Holdg holds 32,568 shares or 0% of its portfolio.

Since July 24, 2018, it had 5 insider purchases, and 1 sale for $1.01 million activity. Hermiz Laith had sold 3,500 shares worth $203,000. RAKOLTA JOHN JR bought $11,583 worth of stock. 730 shares were bought by Lehmkuhl Greg, worth $39,968. $328,620 worth of Agree Realty Corporation (NYSE:ADC) was bought by AGREE RICHARD.

Agree Realty (NYSE:ADC) Rating Reaffirmed

Citigroup now has a $61 target price on the $2.16 billion market cap company or -2.02 % downside potential. In an analyst note issued to clients and investors on Tuesday morning, Agree Realty (NYSE:ADC) shares have had their Neutral Rating reconfirmed by equity research analysts at Citigroup.

Agree Realty Corporation (NYSE:ADC) Ratings Coverage

Among 2 analysts covering Agree Realty (NYSE:ADC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Agree Realty has $68 highest and $56 lowest target. $62.50’s average target is 0.39% above currents $62.26 stock price. Agree Realty had 3 analyst reports since July 24, 2018 according to SRatingsIntel. As per Monday, December 10, the company rating was maintained by Raymond James. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 10. The stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given on Tuesday, July 24 by Stifel Nicolaus.

The stock increased 1.22% or $0.75 during the last trading session, reaching $62.26. About 327,087 shares traded or 24.42% up from the average. Agree Realty Corporation (NYSE:ADC) has risen 24.42% since December 12, 2017 and is uptrending. It has outperformed by 24.42% the S&P500.

Analysts await Agree Realty Corporation (NYSE:ADC) to report earnings on February, 28. They expect $0.73 earnings per share, up 2.82 % or $0.02 from last year’s $0.71 per share. ADC’s profit will be $25.27M for 21.32 P/E if the $0.73 EPS becomes a reality. After $0.72 actual earnings per share reported by Agree Realty Corporation for the previous quarter, Wall Street now forecasts 1.39 % EPS growth.

Agree Realty Corporation is a real estate investment trust. The company has market cap of $2.16 billion. The firm invests in real estate markets of the United States. It has a 31.54 P/E ratio. It primarily focuses on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants.

More notable recent Agree Realty Corporation (NYSE:ADC) news were published by: Seekingalpha.com which released: “Zymeworks Inc.: A Blockbuster In The Making – Seeking Alpha” on December 11, 2018, also Seekingalpha.com with their article: “The Scale Issue For A10 Networks – Seeking Alpha” published on October 10, 2018, Nasdaq.com published: “New Series of STM32 Microcontrollers from STMicroelectronics Kick-Starts Advanced Innovations for Even Smaller, More Capable, and Power-Efficient Smart Objects – Nasdaq” on December 04, 2018. More interesting news about Agree Realty Corporation (NYSE:ADC) were released by: Nasdaq.com and their article: “Vishay Intertechnology Automotive Grade Proximity and Ambient Light Sensor Provides Four Different Slave Address Options – Nasdaq” published on December 11, 2018 as well as Seekingalpha.com‘s news article titled: “Your Daily Pharma Scoop: Sesen Bio Presents Vicinium Data, UroGen’s Mitogel Data, FibroGen In IPF – Seeking Alpha” with publication date: May 22, 2018.

Agree Realty Corporation (NYSE:ADC) Institutional Positions Chart

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