Setting 52 Week High, Agree Realty Corporation (NYSE:ADC) Ends The Day At $61.91

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Agree Realty Corporation (NYSE:ADC)

December 7th, 2018
Amidst falling markets Agree Realty Corporation fell $0.48 Friday, a 0.77% drop, closing at $61.91. Despite the drop in price it hit a new 52 week high of $62.68.

ADC outperformed the rest of the Real Estate sector which went down just 1.44% today.

Forecasts from 9 analysts indicates that Agree Realty Corporation might go down somewhat (-2.76%), while Finbox has calculated (with low uncertainty) a fair value price of $59.27.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector falling 12%.

Utilities saw the biggest turnaround from its 5-day performance of 2.33%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 2.84% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.65% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.52% change.
  • Materials went down with a -2.53% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

Agree Realty Corporation Info

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of June 30, 2018, the Company owned and operated a portfolio of 481 properties, located in 44 states and containing approximately 9.3 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol “ADC”.

All amounts in USD unless otherwise indicated

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