Agree Realty Corporation which can be found using ticker (ADC) have now 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $71.00 and $60.00 suggesting an average analyst share price target price of $65.92. (at the time of writing). Given that the stocks previous close was at $61.63 this would imply there is now a potential upside of 7.0%. There is a 50 day moving average of $59.12 and the 200 moving average now moves to $58.43. The market cap for the company is 6.18B. The stock price for the company is currently $61.22 USD
The potential market cap would be $6,611,925,121 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 36.22, revenue per share of $5.73 and a 2.29% return on assets.
Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company’s assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 1,839 properties located in 48 states and totaling approximately 38.1 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O’Reilly Auto Parts, CVS, Kroger, Lowe’s, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision and others.
