First Citizens Bank & Trust Co Has Decreased Darden Restaurants (DRI) Holding By $482,400; Agree Realty (ADC)’s Sentiment Is 2.02

November 14, 2017 - By Stephen Andrade

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The company has market cap of $1.45 billion. The Firm operates through Agree Limited Partnership (the Operating Partnership). It has a 24.17 P/E ratio. As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).

First Citizens Bank & Trust Co decreased Darden Restaurants Inc (DRI) stake by 29.57% reported in 2017Q2 SEC filing. First Citizens Bank & Trust Co sold 5,360 shares as Darden Restaurants Inc (DRI)’s stock rose 13.33%. The First Citizens Bank & Trust Co holds 12,765 shares with $1.15 million value, down from 18,125 last quarter. Darden Restaurants Inc now has $10.28 billion valuation. The stock rose 0.30% or $0.25 reaching $83.11. About shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since November 14, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.19, from 1.14 in 2017Q1. It worsened, as 46 investors sold DRI shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 106.87 million shares or 5.23% less from 112.77 million shares in 2017Q1 were reported. Principal Fincl Grp holds 0.02% in Darden Restaurants, Inc. (NYSE:DRI) or 240,760 shares. Metropolitan Life Insurance Co New York holds 65,137 shares or 0.04% of its portfolio. M&R Cap reported 1,300 shares stake. Andra Ap has invested 0.19% in Darden Restaurants, Inc. (NYSE:DRI). Caisse De Depot Et Placement Du Quebec holds 0.01% or 23,924 shares. 1,000 are owned by Whittier Tru Com Of Nevada Incorporated. Iab Bank holds 3,370 shares or 0.15% of its portfolio. Ar Asset Management reported 0.11% in Darden Restaurants, Inc. (NYSE:DRI). Mutual Of America Capital Limited Com invested in 15,093 shares or 0.02% of the stock. Nuveen Asset Management Limited Liability Company stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Bragg Fincl Advsr has invested 0.28% in Darden Restaurants, Inc. (NYSE:DRI). New Mexico Educational Retirement Board accumulated 11,526 shares. Regentatlantic Capital Ltd Liability Com owns 14,905 shares for 0.12% of their portfolio. First Quadrant LP Ca reported 189,197 shares. Solaris Asset Mgmt Ltd holds 4,550 shares.

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 11 have Buy rating, 0 Sell and 15 Hold. Therefore 42% are positive. Darden Restaurants had 74 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, September 26 with “Hold”. On Monday, September 11 the stock rating was maintained by Jefferies with “Hold”. Maxim Group maintained Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, November 11 with “Buy” rating. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Mkt Perform” rating given on Tuesday, October 18 by Raymond James. The stock has “Market Perform” rating by Raymond James on Monday, October 12. The stock has “Buy” rating by Canaccord Genuity on Wednesday, March 29. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, September 27. The stock has “Hold” rating by BMO Capital Markets on Thursday, June 22. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Hold” rating given on Sunday, September 17 by Robert W. Baird. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, September 27.

First Citizens Bank & Trust Co increased Vanguard Bd Index Fd Inc (BND) stake by 23,610 shares to 132,035 valued at $10.80M in 2017Q2. It also upped Ishares Inc (IEMG) stake by 30,765 shares and now owns 146,262 shares. First Ctzns Bancshares Inc N (NASDAQ:FCNCA) was raised too.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on December, 19. They expect $0.69 earnings per share, up 7.81% or $0.05 from last year’s $0.64 per share. DRI’s profit will be $85.35M for 30.11 P/E if the $0.69 EPS becomes a reality. After $0.99 actual earnings per share reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

It is down 10.49% since November 14, 2016 and is uptrending. It has underperformed by 6.21% the S&P500.

Analysts await Agree Realty Corporation (NYSE:ADC) to report earnings on February, 22. They expect $0.70 earnings per share, up 9.37% or $0.06 from last year’s $0.64 per share. ADC’s profit will be $20.51M for 17.67 P/E if the $0.70 EPS becomes a reality. After $0.69 actual earnings per share reported by Agree Realty Corporation for the previous quarter, Wall Street now forecasts 1.45% EPS growth.

Sorin Capital Management Llc holds 0.74% of its portfolio in Agree Realty Corporation for 17,420 shares. Northpointe Capital Llc owns 112,926 shares or 0.54% of their US portfolio. Moreover, Advantus Capital Management Inc has 0.41% invested in the company for 340,818 shares. The New York-based Echo Street Capital Management Llc has invested 0.28% in the stock. Naples Global Advisors Llc, a Florida-based fund reported 11,661 shares.

Ratings analysis reveals 43% of Agree Realty’s analysts are positive. Out of 7 Wall Street analysts rating Agree Realty, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $53.0 while the high is $56.0. The stock’s average target of $54.50 is 10.15% above today’s ($49.48) share price. ADC was included in 7 notes of analysts from October 12, 2016. On Thursday, January 26 the stock rating was initiated by Wells Fargo with “Market Perform”. Citigroup initiated the shares of ADC in report on Thursday, December 22 with “Neutral” rating. The firm has “Outperform” rating by FBR Capital given on Wednesday, October 12. The firm has “Buy” rating given on Friday, December 16 by SunTrust. The rating was downgraded by Wunderlich to “Hold” on Monday, February 27. On Thursday, January 5 the stock rating was downgraded by Jefferies to “Hold”. The stock of Agree Realty Corporation (NYSE:ADC) has “Buy” rating given on Friday, January 6 by Stifel Nicolaus.

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