Agree Realty Corporation (NYSE:ADC) stock observed trading -34.53% off 52-week high price. On the other end, the stock has been noted 16.54% away from low price over the last 52-weeks. The stock disclosed a move of -28.00% away from 50 day moving average and -26.41% away from 200 day moving average. Moving closer, we can see that shares have been trading -25.53% off 20-day moving average. It has market cap of $2.25B and dividend yield of 4.44%.
On March 19,2020, Agree Realty Corporation (NYSE:ADC) notified its year-to-date activities in response to the ongoing developments with COVID-19 and recent retail headlines, including a summary of its recent capital markets activities, acquisition and disposition activities, and an update on its real estate portfolio.
Capital Markets Update
Year-to-date, the Company has entered into forward sale agreements in connection with its at-the-market equity program (ATM Program) to sell an aggregate of 2,113,930 shares of common stock (the 2020 ATM Forward Offerings) at an average gross price of $74.69 per share. Upon settlement, the 2020 ATM Forward Offerings are anticipated to raise additional net proceeds of approximately $156.2 million after deducting fees and expenses.
Inclusive of the Company’s previously released 2019 ATM forward equity offerings, the Company has entered into forward sale agreements in connection with its ATM Program to sell 4,117,048 shares of common stock at an average gross price of $74.03 per share (the ATM Forward Offerings). Upon settlement, the ATM Forward Offerings are anticipated to raise net proceeds of approximately $300.9 million after deducting fees and expenses and making certain other adjustments as provided in the equity distribution agreements.
The USA based company Agree Realty Corporation moved with change of 1.72% to $52.71 with the total traded volume of 705306 shares in recent session versus to an average volume of 529.93K. The stock was observed in the 5 days activity at -27.59%. The one month performance of stock was -33.40%. ADC’s shares are at -23.77% for the quarter and driving a -22.15% return over the course of the past year and is now at -24.88% since this point in 2018. Right now the stock beta is 0.68. The average volatility for the week and month was at 19.63% and 8.17% respectively. There are 42.71M shares outstanding and 42.71M shares are floated in market.