Agree Realty Corporation with ticker code (ADC) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 85 and 75 calculating the average target price we see 78.53. With the stocks previous close at 75.63 this now indicates there is a potential upside of 3.8%. The 50 day moving average now sits at 71.13 and the 200 moving average now moves to 68.43. The market cap for the company is $5,757m. Visit the company website at: https://www.agreerealty.com
The potential market cap would be $5,978m 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”.
