Agree Realty Corporation (NYSE:ADC) Shares Shorted Rose By 274.13%

April 17, 2018 - By Jenna Rose

During 2017 Q4 the big money sentiment decreased to 1.54. That’s change of 0.37, from 2017Q3’s 1.91. 16 investors sold all, 45 reduced holdings as Agree Realty Corporation ratio turned negative. 65 grew positions while 29 funds amassed positions. Funds hold 26.46 million shares thus 10.51% more from 2017Q3’s 23.94 million shares.
6,962 are owned by Jefferies Gru Ltd Liability Corp. 16,510 were reported by Nomura Asset Management Communications Ltd. Symons Cap Mngmt reported 0.17% in Agree Realty Corporation (NYSE:ADC). Sg Americas Limited Company has invested 0% in Agree Realty Corporation (NYSE:ADC). Stephens Inc Ar owns 25,460 shs. 16,296 are owned by Cbre Clarion Ltd. Heitman Real Est Secs holds 0.72% of its capital in Agree Realty Corporation (NYSE:ADC) for 246,350 shs. Asset One Company holds 0.01% of its capital in Agree Realty Corporation (NYSE:ADC) for 92,893 shs. Northpointe Ltd Liability Com invested in 0.71% or 122,340 shs. Fort Washington Advsrs Oh has invested 0.01% of its capital in Agree Realty Corporation (NYSE:ADC). Citadel Advisors Ltd Liability Co holds 303,503 shs. American Century accumulated 383,374 shs or 0.02% of the stock. Teacher Retirement System Of Texas reported 0% stake. Wells Fargo & Mn invested 0% in Agree Realty Corporation (NYSE:ADC). Moreover, Driehaus Capital Mgmt Limited Co has 0.11% invested in Agree Realty Corporation (NYSE:ADC) for 55,246 shs.

Agree Realty Corporation registered $1.06 million net activity with 2 insider buys and 0 sales since February 28, 2018.

Agree Realty Corporation (NYSE:ADC) had an increase of its short interest by 274.13%. FINRA announced in April ADC’s total 4.09M short interest. Previously was reported up change of 274.13% from 1.09 million shares. Agree Realty Corporation (NYSE:ADC) has 350,300 shares average volume. It’ll cost 12 days for ADC to restore its previous position. Float short on Agree Realty Corporation is 14.65%.

Its shares touched $48.93 on during the last trading session after 1.03% change.Currently Agree Realty Corporation is downtrending after 0.75% change in last April 17, 2017. ADC has 163,650 shares volume. The stock underperformed the S&P 500 by 12.30%.

Agree Realty Corporation is a real estate investment trust.The firm is valued at $1.69 billion. The firm invests in real estate markets of the United States.The P/E ratio is 23.32. It primarily focuses on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants.

Agree Realty Corporation (NYSE:ADC) Ratings Coverage

Total analysts of 7 have positions in Agree Realty Corp (NYSE:ADC) as follows: 6 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 86%. The firm has $58.0 highest while $51.0 is the lowest [Target]. The average target $54.83 is 12.06% above the last ($48.93) price. Since October 23, 2017 according to StockzIntelligence Inc Agree Realty Corp has 12 analyst reports. On Wednesday, January 3 the rating was maintained by SunTrust with “Buy”. The company rating was maintained by SunTrust on Monday, October 23. On Wednesday, January 3 the stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given by FBR Capital. On Tuesday, October 24 the company was maintained by Ladenburg. On Friday, December 15 Jefferies maintained Agree Realty Corporation (NYSE:ADC) with “Hold” rating. On Tuesday, December 19 the firm has “Outperform” rating given by Wells Fargo. On Wednesday, January 3 Robert W. Baird maintained Agree Realty Corporation (NYSE:ADC) with “Buy” rating. On Friday, February 23 the stock of Agree Realty Corporation (NYSE:ADC) earned “Buy” rating by FBR Capital. The company rating was maintained by Stifel Nicolaus on Monday, October 23. On Wednesday, January 10 the company was maintained by FBR Capital.

Agree Realty Corporation (NYSE:ADC) Institutional Investors Chart

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