Agree Realty Corporation which can be found using ticker (ADC) have now 16 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $76.00 and $62.00 and has a mean share price target at $67.72. (at the time of writing). Now with the previous closing price of $56.20 this would imply there is now a potential upside of 20.5%. It’s also worth noting that there is a 50 day moving average of $60.88 and the 200 day MA is $61.46. The total market capitalization for the company now stands at 5.78B. The current share price for the company is: $57.34 USD
The potential market cap would be $6,969,272,206 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 33.73, revenue per share of $5.65 and a 2.24% 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.
