Miss Agree Realty's $27.25 Offering But Think It's A Deal At $25?

Looking back to 136 days ago, Agree Realty Corp. (NYSE: ADC) priced a 1,725,000 share secondary stock offering at $27.25 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Friday, the stock is now 19.2% higher than the offering price. It should be noted that investors at the secondary have collected $0.41/share in dividends since the time of their purchase, so they a...