Agree Realty Corporation – Consensus Indicates Potential 12.7% Upside

Broker Ratings

Agree Realty Corporation found using ticker (ADC) have now 15 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 81 and 70 calculating the mean target price we have 76.4. Given that the stocks previous close was at 67.82 this indicates there is a potential upside of 12.7%. The 50 day moving average now sits at 67.47 and the 200 day moving average is 68.46. The company has a market capitalisation of $5,156m. Company Website:

The potential market cap would be $5,808m based on the market concensus.

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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”.

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