Agree Realty Corp’s recently made public that its Director RAKOLTA JOHN JR acquired Company’s shares for reported $2.0 million on Apr 08 ’25. In the deal valued at $71.30 per share,28,080 shares were bought. As a result of this transaction, RAKOLTA JOHN JR now holds 507,810 shares worth roughly $40.14 million.
Then, RAKOLTA JOHN JR bought 20,275 shares, generating $1,425,941 in total proceeds. Upon buying the shares at $70.33, the Director now owns 462,196 shares.
Before that, RAKOLTA JOHN JR bought 10,000 shares. Agree Realty Corp shares valued at $700,700 were divested by the Director at a price of $70.07 per share. As a result of the transaction, RAKOLTA JOHN JR now holds 472,196 shares, worth roughly $37.33 million.
Barclays upgraded its Agree Realty Corp [ADC] rating to an Equal weight from a an Underweight in a research note published on March 04, 2025; the price target was increased to $75 from $74. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid December with a ‘”an Underweight”‘ rating. JMP Securities also remained covering ADC and has decreased its forecast on December 17, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Evercore ISI started covering the stock on December 12, 2024. It rated ADC as “an Outperform”.
Price Performance Review of ADC
On Thursday, Agree Realty Corp [NYSE:ADC] saw its stock jump 1.40% to $79.05. Over the last five days, the stock has gained 8.36%. Agree Realty Corp shares have risen nearly 12.21% since the year began. Nevertheless, the stocks have risen 43.99% over the past one year. While a 52-week high of $78.78 was reached on 04/17/25, a 52-week low of $54.85 was recorded on 01/10/25. SMA at 50 days reached $74.62, while 200 days put it at $73.04.
Levels Of Support And Resistance For ADC Stock
The 24-hour chart illustrates a support level at 78.16, which if violated will result in even more drops to 77.28. On the upside, there is a resistance level at 79.77. A further resistance level may holdings at 80.50. The Relative Strength Index (RSI) on the 14-day chart is 64.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.27%. Stochastics %K at 92.25% indicates the stock is a selling.
How much short interest is there in Agree Realty Corp?
A steep rise in short interest was recorded in Agree Realty Corp stocks on 2025-03-31, dropping by -2.17 million shares to a total of 11.27 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 13.44 million shares. There was a decline of -19.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 11, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $88 price target.
