Agree Realty Corp (NYSE:ADC).
Cohen & Steers Inc reports that it decreased its stake in Agree Realty Corp by 25,713 shares in its quarterly SEC filing. Its position was valued at $59,388,000 an increase of 4.8% as of the end of the quarter.
Several firms have updated their holdings. As of quarter end Millennium Management LLC had acquired a total of 27,980 shares growing its stake by 25.4%. The value in dollars increased from $5,050,000 to $6,777,000 a change of $1,727,000 quarter over quarter. As of the end of the quarter Tiaa Cref Investment Management LLC had bought 125,067 shares growing its holdings by 90.0%. The value of the investment in (ADC) went from $6,371,000 to $12,955,000 increasing 103.3% quarter to quarter.
William Blair Investment Management, LLC downsized its stake by shedding 802 shares a decrease of 0.2% as of 09/30/2017. William Blair Investment Management, LLC controls 382,459 shares with a value of $18,771,000. The value of the position overall is up by 6.8%.
October 24 investment analysts at FBR & Co made no change to the stock rating of “Buy” projecting a price of $58.00. On October 24 Stifel Nicolaus held the stock rating at “Buy” targeting a price of $54.00.
October 24 investment analysts at Ladenburg Thalmann Financial Services maintained a “Buy” rating on the company. On September 18 FBR & Co held the company rating at “Buy” with a current price target of $58.00.
August 22 investment analysts at Stifel Nicolaus left the company rating at “Buy” projecting a price of $54.00.
The company is so far trading up by 0.39% since yesterday’s close of 49.02. The P/E ratio is 24.04 and market capitalization is 1.44B. As of the last earnings report the EPS was $2.05 with 29.22M shares now outstanding.
Traders are a little more bearish on shares of the company recently if you watch the increase in short interest. The firm had a rise in short interest from October 13, 2017 to October 31, 2017 of 21.10%. Short shares grew 142,362 over that period. The short-interest ratio decreased to 4.0 and the percentage of shorted shares is 0.03% as of October 31.