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 85 and 69 and has a mean target at 78.46. Given that the stocks previous close was at 63.53 this would imply there is a potential upside of 23.5%. There is a 50 day moving average of 66.55 and the 200 day moving average is 70.02. The market capitalisation for the company is $4,557m. Visit the company website at: https://www.agreerealty.com
The potential market cap would be $5,627m 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”.
