You Can Buy This REIT Below What Company Insiders Paid
Portfolio Pulse from Ethan Roberts
Agree Realty Corp. (NYSE:ADC), a real estate investment trust (REIT), has seen significant insider buying over the past two months, even as overall REIT share prices have declined. The company's shares are now available at prices below what insiders have recently paid. Despite a disappointing Q2 earnings report, the company's numbers were still improving YoY. Analysts are mildly bullish on Agree Realty, with Citigroup maintaining a neutral rating and Wells Fargo initiating coverage with an Overweight rating.
September 27, 2023 | 3:11 pm
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POSITIVE IMPACT
Agree Realty Corp. has seen significant insider buying, indicating optimism about the company's value. Despite a disappointing Q2 earnings report, the company's numbers were still improving YoY.
Insider buying is generally seen as a positive sign for a company, as it indicates that insiders believe in the company's value. Despite a disappointing Q2 earnings report, Agree Realty's numbers were still improving YoY, which could be a positive sign for investors. Additionally, analysts are mildly bullish on the company, which could also be a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Best Buy Co. Inc. is one of the largest tenants of Agree Realty Corp.
Best Buy Co. Inc. is one of the largest tenants of Agree Realty Corp. This could potentially impact Best Buy's stock price, depending on the performance of Agree Realty Corp.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Dollar General Corp. is one of the largest tenants of Agree Realty Corp.
Dollar General Corp. is one of the largest tenants of Agree Realty Corp. This could potentially impact Dollar General's stock price, depending on the performance of Agree Realty Corp.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Kroger Co. is one of the largest tenants of Agree Realty Corp.
Kroger Co. is one of the largest tenants of Agree Realty Corp. This could potentially impact Kroger's stock price, depending on the performance of Agree Realty Corp.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Walmart Inc. is one of the largest tenants of Agree Realty Corp.
Walmart Inc. is one of the largest tenants of Agree Realty Corp. This could potentially impact Walmart's stock price, depending on the performance of Agree Realty Corp.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50