Agree Realty Corporation with ticker code (ADC) have now 14 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 85 and 73 suggesting an average Analsyt target price of $77.75. Now with the previous closing price of $68.24 this is indicating there is a potential upside of 13.9%. Also worth taking note is the 50 day moving average now sits at $72.28 and the 200 moving average now moves to $71.88. The company has a market capitalization of $6,177m. You can visit the company’s website by visiting: https://www.agreerealty.com
The potential market cap would be $7,038m based on the market consensus.
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”.
The company has a dividend yield of 4.19% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 37.56, revenue per share of 5.46 and a 2.24% return on assets.
