Agree Realty (ADC) Reaches $53.32 52-Week High; Shorts at Pacwest Bancorp (PACW) Raised By 6.5%

June 10, 2018 - By Clifton Ray

Pacwest Bancorp (NASDAQ:PACW) had an increase of 6.5% in short interest. PACW’s SI was 3.13M shares in June as released by FINRA. Its up 6.5% from 2.94 million shares previously. With 1.12M avg volume, 3 days are for Pacwest Bancorp (NASDAQ:PACW)’s short sellers to cover PACW’s short positions. The stock increased 0.71% or $0.39 during the last trading session, reaching $55.62. About 773,098 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 13.10% since June 10, 2017 and is uptrending. It has outperformed by 0.53% the S&P500. Some Historical PACW News: ; 24/04/2018 – PACWEST BANCORP – DECLARED A QUARTERLY CASH DIVIDEND OF $0.60 PER COMMON SHARE, AN INCREASE FROM $0.50 PER COMMON SHARE DECLARED LAST QUARTER; 27/04/2018 – PacWest Bancorp Appoints James Pieczynski Vice Chmn; 24/04/2018 – PACWEST BANCORP PACW.O SETS QUARTERLY CASH DIVIDEND OF $0.60/SHR; 16/05/2018 – Square 1 Bank Announces Credit Facility to Global Cooling, Inc; 17/04/2018 PacWest Bancorp 1Q EPS 93c; 24/04/2018 – PacWest Bancorp Announces Increased Quarterly Dividend; 24/04/2018 – PacWest Bancorp Raises Quarter Dividend to 60c Vs. 50c; 27/04/2018 – PacWest Bancorp Appoints James Pieczynski Vice Chairman and Laird Boulden is promoted to President, CapitalSource Division; 21/04/2018 – DJ PacWest Bancorp, Inst Holders, 1Q 2018 (PACW); 17/04/2018 – PACWEST 1Q EPS 93C

The stock of Agree Realty Corporation (NYSE:ADC) hit a new 52-week high and has $58.12 target or 9.00% above today’s $53.32 share price. The 6 months bullish chart indicates low risk for the $1.66 billion company. The 1-year high was reported on Jun, 10 by Barchart.com. If the $58.12 price target is reached, the company will be worth $149.58 million more. The stock decreased 0.04% or $0.02 during the last trading session, reaching $53.32. About 110,066 shares traded. Agree Realty Corporation (NYSE:ADC) has risen 12.87% since June 10, 2017 and is uptrending. It has outperformed by 0.30% the S&P500. Some Historical ADC News: ; 23/04/2018 – AGREE REALTY – 2018 ACQUISITION VOLUME OUTLOOK REMAINS BETWEEN $250 MLN AND $300 MLN, DISPOSITION GUIDANCE REMAINS BETWEEN $25 MLN AND $50 MLN; 23/04/2018 – Agree Realty 1Q FFO 71c/Shr; 15/05/2018 – AGREE REALTY CORP ADC.N SETS QUARTERLY CASH DIVIDEND OF $0.54/SHR; 10/04/2018 – Agree Realty Short-Interest Ratio Rises 285% to 12 Days; 15/05/2018 – Weiss Multi-Strategy Advisers Buys 1.2% of Agree Realty; 24/05/2018 – Agree Realty Short-Interest Ratio Rises 10% to 21 Days; 13/03/2018 – LAUNCHED EQUITY OFFERINGS: ARI ADC BKI CTT HGV HMLP RPD; 15/05/2018 – AGREE REALTY CORP ADC.N INCREASES QUARTERLY CASH DIVIDEND BY 3.8 PCT; 15/05/2018 – Agree Realty Declares Increased Quarterly Cash Dividend; 23/04/2018 – Agree Realty 1Q Rev $34.6M

Among 14 analysts covering Pacwest Bancorp (NASDAQ:PACW), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Pacwest Bancorp had 48 analyst reports since October 13, 2015 according to SRatingsIntel. As per Friday, September 16, the company rating was initiated by JMP Securities. BMO Capital Markets maintained the stock with “Hold” rating in Friday, July 7 report. The stock has “Buy” rating by Raymond James on Tuesday, April 10. The rating was maintained by FBR Capital on Monday, December 11 with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 19 report. Wells Fargo initiated the stock with “Outperform” rating in Monday, December 21 report. The company was maintained on Monday, August 14 by Piper Jaffray. The firm earned “Hold” rating on Monday, January 8 by SunTrust. The rating was maintained by BMO Capital Markets on Thursday, October 19 with “Market Perform”. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, October 4.

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.38, from 1.44 in 2017Q4. It is negative, as 24 investors sold PacWest Bancorp shares while 114 reduced holdings. 55 funds opened positions while 91 raised stakes. 105.61 million shares or 1.71% less from 107.44 million shares in 2017Q4 were reported. Hancock Holdg Communication has invested 0.06% in PacWest Bancorp (NASDAQ:PACW). Rafferty Asset Mgmt Lc owns 43,363 shares. Wellington Mgmt Gru Llp invested 0% in PacWest Bancorp (NASDAQ:PACW). Ww Asset Inc stated it has 6,451 shares. 374,171 are owned by Fincl Bank Of America De. 13,977 were reported by Brown Advisory. Strategic Wealth Grp Limited Liability Com has 0.09% invested in PacWest Bancorp (NASDAQ:PACW) for 29,985 shares. State Board Of Administration Of Florida Retirement System holds 131,794 shares. Texas Permanent School Fund has 83,266 shares for 0.06% of their portfolio. Vaughan Nelson Invest Mgmt Ltd Partnership invested in 0.49% or 813,155 shares. Alliancebernstein Ltd Partnership holds 70,902 shares or 0% of its portfolio. Cap Investors has 0.04% invested in PacWest Bancorp (NASDAQ:PACW). Texas-based United Ser Automobile Association has invested 0% in PacWest Bancorp (NASDAQ:PACW). Great Lakes Llc owns 0.36% invested in PacWest Bancorp (NASDAQ:PACW) for 303,839 shares. Stieven L P holds 335,514 shares.

Another recent and important PacWest Bancorp (NASDAQ:PACW) news was published by Nasdaq.com which published an article titled: “Square 1 Bank Announces Credit Facility to Recursion Pharmaceuticals” on June 05, 2018.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.88 billion. The firm accepts demand, money market, and time deposits. It has a 17.42 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

Another recent and important Agree Realty Corporation (NYSE:ADC) news was published by Seekingalpha.com which published an article titled: “Your Daily Pharma Scoop: Sesen Bio Presents Vicinium Data, UroGen’s Mitogel Data, FibroGen In IPF” on May 22, 2018.

Among 13 analysts covering Agree Realty Corp (NYSE:ADC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Agree Realty Corp has $58 highest and $5 lowest target. $46’s average target is -13.73% below currents $53.32 stock price. Agree Realty Corp had 38 analyst reports since October 28, 2015 according to SRatingsIntel. Jefferies maintained Agree Realty Corporation (NYSE:ADC) on Monday, June 26 with “Hold” rating. Ladenburg maintained the shares of ADC in report on Tuesday, October 24 with “Buy” rating. The stock has “Outperform” rating by FBR Capital on Wednesday, October 12. Ladenburg maintained Agree Realty Corporation (NYSE:ADC) rating on Friday, January 19. Ladenburg has “Buy” rating and $55.0 target. As per Thursday, July 14, the company rating was maintained by Jefferies. Stifel Nicolaus maintained Agree Realty Corporation (NYSE:ADC) on Wednesday, September 20 with “Buy” rating. The firm has “Buy” rating by SunTrust given on Monday, October 23. The stock of Agree Realty Corporation (NYSE:ADC) earned “Hold” rating by Jefferies on Monday, May 29. The firm has “Buy” rating by Ladenburg given on Tuesday, July 25. The rating was maintained by Compass Point on Wednesday, October 28 with “Buy”.

Agree Realty Corporation is a real estate investment trust. The company has market cap of $1.66 billion. The firm invests in real estate markets of the United States. It has a 25.41 P/E ratio. It primarily focuses on the ownership, acquisition, development and management of retail properties net leased to industry leading tenants.

Analysts await Agree Realty Corporation (NYSE:ADC) to report earnings on July, 23. They expect $0.72 EPS, up 7.46% or $0.05 from last year’s $0.67 per share. ADC’s profit will be $22.44M for 18.51 P/E if the $0.72 EPS becomes a reality. After $0.71 actual EPS reported by Agree Realty Corporation for the previous quarter, Wall Street now forecasts 1.41% EPS growth.

Since February 28, 2018, it had 2 buys, and 0 selling transactions for $1.06 million activity. RAKOLTA JOHN JR had bought 12,500 shares worth $589,875 on Wednesday, February 28.

Agree Realty Corporation (NYSE:ADC) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>