New Lifetime High Today: Agree Realty (ADC)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Agree Realty as such a stock due to the following factors:
- ADC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.1 million.
- ADC has traded 15,873 shares today.
- ADC is trading at a new lifetime high.
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More details on ADC:
Agree Realty Corporation, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties, which are primarily leased to national and regional retail companies in the United States. The stock currently has a dividend yield of 4.8%. ADC has a PE ratio of 19. Currently there are 6 analysts that rate Agree Realty a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Agree Realty has been 147,100 shares per day over the past 30 days. Agree has a market cap of $832.6 million and is part of the financial sector and real estate industry. The stock has a beta of 0.54 and a short float of 2.3% with 0.88 days to cover. Shares are up 22% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Agree Realty as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, solid stock price performance, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 5.0%. Since the same quarter one year prior, revenues rose by 28.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 17.2% when compared to the same quarter one year prior, going from $6.37 million to $7.46 million.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The gross profit margin for AGREE REALTY CORP is rather high; currently it is at 65.66%. Regardless of ADC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 36.89% trails the industry average.
- AGREE REALTY CORP' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, AGREE REALTY CORP increased its bottom line by earning $2.17 versus $1.23 in the prior year. For the next year, the market is expecting a contraction of 25.3% in earnings ($1.62 versus $2.17).
- You can view the full Agree Realty Ratings Report.
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