Agree Realty Corporation with ticker code (ADC) now have 15 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 82 and 73 and has a mean target at 77.45. Given that the stocks previous close was at 74.36 this indicates there is a potential upside of 4.2%. The 50 day MA is 71.5 and the 200 moving average now moves to 71.41. The company has a market cap of $6,604m. Company Website: https://www.agreerealty.com
The potential market cap would be $6,879m 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”.
