Media headlines about Agree Realty Corporation (NYSE:ADC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Agree Realty Corporation earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.3116092812489 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Agree Realty Corporation (ADC) Rating Increased to Hold at BidaskClub (wobko.net)
- Tale of the Ticker: Agree Realty Corp (ADC) Moves on Volume – Sheridan Daily (sheridandaily.com)
- Agree Realty Corporation (ADC) vs. RE/MAX Holdings, Inc. (RMAX): Which is the Better Investment? – StockNewsGazette (stocknewsgazette.com)
- Agree Realty Corp (ADC): Watching the MFI on the Charts – FLBC News (flbcnews.com)
- Chartists Place Agree Realty Corp (ADC) on Notice: Technical Update – FLBC News (flbcnews.com)
Agree Realty Corporation (NYSE ADC) opened at 48.83 on Friday. Agree Realty Corporation has a 12 month low of $41.01 and a 12 month high of $51.50. The stock has a market capitalization of $1.39 billion, a PE ratio of 21.97 and a beta of 0.59. The stock has a 50 day moving average price of $47.89 and a 200 day moving average price of $47.72.
ADC has been the subject of a number of research reports. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Agree Realty Corporation in a research note on Monday, April 24th. Stifel Nicolaus raised their target price on Agree Realty Corporation from $53.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. FBR & Co restated a “buy” rating on shares of Agree Realty Corporation in a report on Saturday, May 6th. Raymond James Financial, Inc. restated a “buy” rating on shares of Agree Realty Corporation in a report on Saturday, May 20th. Finally, BidaskClub upgraded Agree Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $51.89.
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About Agree Realty Corporation
Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).
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