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 mean target price we have $77.50. Given that the stocks previous close was at $67.21 and the analysts are correct then there would likely be a percentage uptick in value of 15.3%. The 50 day moving average now sits at $69.12 and the 200 moving average now moves to $71.41. The company has a market cap of $6,078m. Visit the company website at: https://www.agreerealty.com
The potential market cap would be $7,009m 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 36.66, revenue per share of 5.46 and a 2.24% return on assets.
