Home News Stock Analysis: Agree Realty Corporation (NYSE: ADC)

Stock Analysis: Agree Realty Corporation (NYSE: ADC)

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Agree Realty Corporation is in the real estate sector and REITs industry. The company CEO is Joel N. Agree. Agree Realty Corporation is engaged in real estate activities primarily in the United States. It manages retail properties for the purpose of generating shareholders income on a consistent basis.

Previous Intraday Trading Performance:

The ADC stock showed a previous change of 0.83% with an open at 66.62 and a close of 66.99. It reached an intraday high of 67.41 and a low of 66.42.

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Liquidity:

The stock has a market cap of $2.6b with 38.5m shares outstanding, of which the float is 37.1m shares. Trading volume reached 201,553 shares compared to its average volume of 273,980 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Agree Realty Corporation shares returned 1.21% and in the past 30 trading days it returned 2.56%. Over three months, it changed 1.77%. In one year it has changed 30.83% and within that year its 52-week high was 70.26 and its 52-week low was 50.72. ADC stock is 32.08% above its 52 Week Low.

Our calculations show a 200 day moving average of 61.00 and a 50 day moving average of 66.83. Currently ADC stock is trading 9.81% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.78 that ended on 31st of December 2018, which according to the previous close, that is a PE of 37.63. Based on 7 analyst estimates, the consensus EPS for the next quarter is 0.74. The TTM EPS is 2.86, which comes to a TTM PE of 23.42. Historically, the PE high was 37.63 and the PE low was 14.70. If the stock reached its PE low, that would represent a price of 42.05, which is a decrease of -37.23%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/22/2019): 0.48
4thQtr of 2018 (Reported on 02/21/2019): 0.37
3rdQtr of 2018 (Reported on 10/22/2018): 0.48
2ndQtr of 2018 (Reported on 07/23/2018): 0.41
1stQtr of 2018 (Reported on 04/23/2018): 0.53

The dividend per share is currently 2.28, which is a dividend yield of 3.40%.

Base on our calculations, the intrinsic value per share is 117.04, which means it is possibly undervalued and has a margin of safety of 42.76%.

Indicators to Watch:

Short-interest was 4,596,760, which was 11.95% of shares outstanding. The short-interest ratio or days-to-cover ratio was 13.25. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.12.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 5.68%, return on assets is 3.39%, profit margin is 39.28%, price-to-sales is 16.40 and price-to-book is 1.99.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 0  :Financial Strength Score
 3  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.