Agree Realty Corporation – Consensus Indicates Potential 13.6% Upside

Broker Ratings
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Agree Realty Corporation found using ticker (ADC) now have 15 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 81 and 70 with a mean TP of 76.4. Given that the stocks previous close was at 67.25 this is indicating there is a potential upside of 13.6%. The day 50 moving average is 67.05 while the 200 day moving average is 68.63. The company has a market capitalisation of $5,164m. Visit the company website at: https://www.agreerealty.com

The potential market cap would be $5,867m based on the market concensus.

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”.

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