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Trade Alert: The Independent Director Of Agree Realty Corporation (NYSE:ADC), Jerome Rossi, Has Just Spent US$112k Buying Shares

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Simply Wall St
·3 min read
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Potential Agree Realty Corporation (NYSE:ADC) shareholders may wish to note that the Independent Director, Jerome Rossi, recently bought US$112k worth of stock, paying US$56.12 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 92%, potentially signalling some real optimism.

Check out our latest analysis for Agree Realty

Agree Realty Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Executive Chairman of the Board Richard Agree for US$1.5m worth of shares, at about US$68.44 per share. That means that an insider was happy to buy shares at above the current price of US$62.84. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Over the last year, we can see that insiders have bought 48.37k shares worth US$3.2m. But insiders sold 1735 shares worth US$115k. Overall, Agree Realty insiders were net buyers last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NYSE:ADC Recent Insider Trading March 27th 2020
NYSE:ADC Recent Insider Trading March 27th 2020

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Agree Realty

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Agree Realty insiders own about US$74m worth of shares. That equates to 2.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Agree Realty Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Agree Realty we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Agree Realty has 3 warning signs we think you should be aware of.

But note: Agree Realty may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.