Agree Realty Corporation with ticker code (ADC) now have 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 81 and 73 calculating the average target price we see $77.35. Now with the previous closing price of $67.09 this would imply there is now a potential upside of 15.3%. The 50 day MA is $69.02 while the 200 day moving average is $71.38. The market cap for the company is $6,041m. Find out more information at: https://www.agreerealty.com
The potential market cap would be $6,965m based on the market consensus.
Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2022, the Company owned and operated a portfolio of 1,839 properties, located in all 48 continental states and containing approximately 38.1 million square feet of gross leasable area. The Company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”.
The company has a dividend yield of 4.35% with the ex dividend date set at 27-4-2023 (DMY).
Other points of data to note are a P/E ratio of 36.44, revenue per share of 5.46 and a 2.24% return on assets.
