(ADC) Agree Realty - Ratings and Ratios

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, and ownership of net-leased retail properties. The company focuses on partnering with industry-leading, omni-channel retailers to create a diversified portfolio of high-quality assets. As of September 30, 2024, the companys portfolio comprised 2,271 properties across 49 states, totaling approximately 47.2 million square feet of gross leasable area. This strategic approach underscores the companys commitment to rethinking retail by aligning with tenants capable of thriving in both physical and digital marketplaces. The companys shares are listed on the New York Stock Exchange under the ticker symbol ADC. For more information, visit https://www.agreerealty.com.

Agree Realty Corporation operates in the retail REIT sector, targeting properties that support essential and experiential retail categories. The companys portfolio is geographically diverse, with assets spread across 49 states, and its properties are typically net-leased to tenants with strong credit profiles and long-term lease agreements. This structure provides a stable source of cash flow and reduces exposure to market volatility. The companys focus on omni-channel retail tenants reflects its strategy to invest in businesses that can adapt to evolving consumer preferences and maintain a competitive edge in both online and brick-and-mortar environments.

The companys shares trade on the New York Stock Exchange under the ticker symbol ADC, classified under the GICS Sub Industry of Retail REITs. As of the latest data, the stock has an average 20-day trading volume of 1,522,422 shares, with a last price of $77.22. The stocks technical indicators show a short-term moving average (SMA 20) of $75.92 and a medium-term SMA 50 of $74.73, with a long-term SMA 200 of $72.17. The Average True Range (ATR) of 1.80 indicates moderate price volatility. On the fundamental side, the company has a market capitalization of $8,513.69 million, with a price-to-earnings (P/E) ratio of 44.41 and a forward P/E of 45.66. The price-to-book (P/B) ratio is 1.59, and the price-to-sales (P/S) ratio is 13.80, reflecting a premium valuation. The return on equity (RoE) stands at 3.40%.

### 3-Month Forecast Based on the provided data, here is a concise 3-month forecast for Agree Realty Corporation: Technical Outlook: - Price Action: The stock is trading above its SMA 20 ($75.92) and SMA 50 ($74.73), signaling short- to medium-term bullish momentum. - Support Levels: The SMA 200 ($72.17) is expected to act as a key support level, with potential buying interest emerging near this threshold. - Volatility: The ATR of 1.80 suggests moderate price fluctuations, with average daily price movements expected to remain stable. Fundamental Analysis: - Valuation Metrics: The high P/E (44.41) and forward P/E (45.66) indicate market expectations for strong earnings growth, supported by the companys focus on high-quality, omni-channel retail tenants. - Premium Valuation: The P/B ratio of 1.59 and P/S ratio of 13.80 reflect investor confidence in the companys growth prospects, though they also suggest elevated expectations that will need to be met to sustain current valuations. - Return on Equity: The RoE of 3.40% is modest compared to industry peers, suggesting room for improvement in capital efficiency. Conclusion: Agree Realty Corporation is well-positioned to benefit from its strategic focus on omni-channel retail and its diversified portfolio of net-leased properties. While the stocks premium valuation reflects market optimism, the company will need to demonstrate continued growth and operational efficiency to justify current multiples. From a technical standpoint, the stock is likely to maintain its upward trajectory, supported by its position above key moving averages. Investors should monitor earnings reports and tenant performance to assess the sustainability of the companys growth trajectory.