The President & CEO of Agree Realty Corp (ADC) is Buying Shares

Today, the President & CEO of Agree Realty Corp (ADC), Joey Agree, bought shares of ADC for $3,174.

Following Joey Agree’s last ADC Buy transaction on August 25, 2015, the stock climbed by 41.9%. In addition to Joey Agree, 3 other ADC executives reported Buy trades in the last month.

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Based on Agree Realty Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $46.91 million and quarterly net profit of $18.25 million. In comparison, last year the company earned revenue of $35.71 million and had a net profit of $12.92 million. ADC’s market cap is $2.52B and the company has a P/E ratio of 37.69. Currently, Agree Realty Corp has an average volume of 190.2K.

Starting in February 2019, ADC received 5 Buy ratings in a row.

In the last 30 days, insiders have sold $65.87K worth of ADC shares and purchased $708.9K worth of ADC shares. The insider sentiment on Agree Realty Corp has been positive according to 31 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.

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