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Apollo_CB
Dec 2, 2023 2:45 PM

ADC maybe adding to long-term account Long

Agree Realty CorporationNYSE

Description

I have never really gotten into reits and tend to avoid most real-estate focused equities. I have been watching ADC for a while and have watched other investors cover the stock. From a technical perspective it looks to be waking up on the weekly. ADC pays a yearly dividend of around 5% and this is paid out monthly, so it can compound pretty heavily if you get a multiple expansion (PE growth).
Since I am primarily interested in small caps (my specialty in all markets) ADC seems to fit my general mold. I like to keep ~ 33% of my long-term account in what I refer to as a "core dividend portfolio". Every stock was purchased at a steep discount from this most recent winter stock market crash. This includes the likes of VZ, and freehold for example.
Technically, the 100-200 EMA are finally looking for a collision, and RSI remains in a macro downtrend but could be reversing here, volume on the yearly is rising. My short-term price target is the green fib ~63.3$ as I expect the stock to continue to climb as investors take profit from hot ai/tech stocks and seek quality/value.
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