When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Agree Realty is one stock that just reached the mark, now earning a score of 82.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they begin their biggest runs.
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Agree Realty broke out earlier, but is now around 3% below the prior 77.30 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the latest consolidation is a later-stage base, and those involve more risk.
Agree Realty reported 3% EPS growth in the latest quarterly report, while sales growth came in at 13%.
Agree Realty earns the No. 21 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Healthcare REIT and COPT Defense Properties are among the top 5 highly rated stocks within the group.
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