The COO & EVP of Agree Realty Corp (ADC) is Selling Shares

Today, the COO & EVP of Agree Realty Corp (ADC), Laith Hermiz, sold shares of ADC for $203K.

Following Laith Hermiz’s last ADC Sell transaction on March 23, 2015, the stock climbed by 29.6%.

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Based on Agree Realty Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $37.37 million and quarterly net profit of $15.59 million. In comparison, last year the company earned revenue of $30.13 million and had a net profit of $12.17 million. ADC’s market cap is $2.01B and the company has a P/E ratio of 29.55. Currently, Agree Realty Corp has an average volume of 158.1K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $59.25, reflecting a 1.4% upside.

The insider sentiment on Agree Realty Corp has been positive according to 21 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants.