Agree Realty Corporation with ticker code (ADC) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 80.5 and 72 and has a mean target at 76.12. Given that the stocks previous close was at 64.34 this is indicating there is a potential upside of 18.3%. There is a 50 day moving average of 65.36 and the 200 moving average now moves to 69.65. The market cap for the company is $4,593m. You can visit the company’s website by visiting: https://www.agreerealty.com
The potential market cap would be $5,434m 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”.
