Agree Realty Corporation (ADC) Stake Increased by the Aperio Group LLC
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 11:11
Kimco Realty Corporation had its "overweight" rating reiterated by analysts at Barclays. Ltd. now owns 5,886 shares of the real estate investment trust's stock worth $291,000 after buying an additional 1,298 shares in the last quarter.
Ross Stores, Inc. has a consensus outperform rating from 28 Wall Street analysts, and the number of shares now sold short amount to at least 1.6% of shares outstanding. Synovus Financial Corp boosted its position in shares of Realty Income Corporation by 1,745.3% in the third quarter. PineBridge Investments L.P. now owns 2,998 shares of the real estate investment trust's stock valued at $145,000 after buying an additional 721 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Realty Income Corp by 273.6% in the third quarter. Ltd. now owns 5,886 shares of the real estate investment trust's stock valued at $291,000 after buying an additional 1,298 shares during the period. Bank of New York Mellon Corp raised its stake in Realty Income Corp by 0.6% in the third quarter. Finally, Municipal Employees Retirement System of MI raised its stake in Agree Realty by 1.2% in the third quarter. Guggenheim Capital LLC boosted its position in Agree Realty by 62.0% in the fourth quarter. Institutional investors and hedge funds own 75.48% of the company's stock.
Shares of Agree Realty (NYSE:ADC) traded down 1.30% during midday trading on Monday, reaching $50.08. The fund acquired 205,930 shares of the company's stock, valued at approximately $11,654,000.
The company's consensus rating on Reuter's scale remained unchanged from 2.41 to 2.41 during a month. The stock has a 50 day moving average price of $59.79 and a 200-day moving average price of $60.94.
Agree Realty Corporation has PE ratio of 25.72 with a one year low of $35.94 and a one year high of $51.33 and has a market capitalization of $0. Kimco Realty Corp had a net margin of 32.40% and a return on equity of 6.88%. The firm had revenue of $22.30 million for the quarter, compared to the consensus estimate of $24.21 million.
A current consensus EPS estimate for next quarter is at $0.16 and 3 month ago EPS forecast was $0.17.
Kimco Realty Corp (NYSE:KIM) last issued its earnings results on Thursday, February 2nd. On average, equities research analysts predict that Agree Realty will post $1.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, March 1st will be issued a $0.2105 dividend. This represents a dividend yield of 4.19%.
ADC has been the topic of several recent analyst reports.
Wunderlich lowered shares of Agree Realty Co. Finally, Argus raised shares of Kimco Realty Corp from a hold rating to a buy rating and set a $30.00 price target for the company in a research note on Friday, November 25th. Stifel Nicolaus reduced their price target on shares of Agree Realty from $54.00 to $53.00 and set a "buy" rating for the company in a report on Friday, January 6th.
A number of other analysts have also weighed in on KIM. Zacks Investment Research upgraded shares of Agree Realty Corporation from a "sell" rating to a "hold" rating in a research report on Tuesday, October 4th. Wells Fargo & Co initiated coverage on Agree Realty in a research report on Thursday, January 26th. They issued a "neutral" rating and a $46.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of "Buy" and a consensus price target of $50.38. During its last trading session, Stock traded with the total exchanged volume of 3.67 million shares.
10/26/2016 per share and the total transaction amounting to John Rakolta Jr. During the trading on 02/27/2017, Company's stock ranged from $62.48 to $63.60. Analyst's mean target price for KIM is $27.47 while analysts mean recommendation is 2.40. Following the completion of the transaction, the director now directly owns 158,484 shares in the company, valued at approximately $7,527,990. The disclosure for this purchase can be found here. The stock spiked 4.62% last month and is up 5.2 this year.
Kimco Realty Corporation (KIM) is an interesting player in the Financial space, with a focus on REIT - Retail. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.