Agree Realty (Agree Realty) Momentum Rank : 4 (As of Apr. 27, 2024)

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What is Agree Realty Momentum Rank?

Agree Realty has the Momentum Rank of 4.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Agree Realty's Momentum Rank

For the REIT - Retail subindustry, Agree Realty's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Agree Realty's Momentum Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Agree Realty's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Agree Realty's Momentum Rank falls into.

Agree Realty Momentum Rank Related Terms

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Agree Realty (Agree Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (NYSE:ADC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ADCPRA.PFD:USA ADC:Mexico AGL:Germany AGL:Germany

Address

70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304

Website

https://www.agreerealty.com

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Executives

Richard Agree	officer: Chief Executive Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree	officer: Chief Operating Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich	officer: CHIEF OPERATING OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour	officer: CHIEF FINANCIAL OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin	officer: Chief Accounting Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CHIEF ACCOUNTING OFFICER	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen	officer: EVP, PEOPLE & CULTURE	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman	director	7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar	officer: GENERAL COUNSEL	70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034