Agree Realty Corporation Looks to Continue to Trade Above its Annual-High Share Price Today

July 16, 2021 11:03:57

Agree Realty Corporation (NYSE:ADC) traded today at a new 52-week high of $73.93. Approximately 85,000 shares have changed hands today, as compared to an average 30-day volume of 774,000 shares.

Over the past year, Agree Realty Corporation has traded in a range of $61.27 to $73.93 and is now at $73.82, 20% above that low.

Agree Realty Corporation operates as a fully integrated real estate investment trust primarily focused on the ownership, acquisition, development, and management of retail properties net leased to industry- leading tenants. Some of its properties in the portfolio include 24 Hour Fitness, 7-Eleven, Wawa, PetSmart, among others.

Agree Realty Corporation (NYSE:ADC) is currently priced 5.5% above its average consensus analyst price target of $69.77.

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