Agree Realty Corporation – Consensus Indicates Potential 3.3% Upside

Broker Ratings

Agree Realty Corporation with ticker code (ADC) now have 16 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 87 and 75 and has a mean target at 81.09. Given that the stocks previous close was at 78.51 this would imply there is a potential upside of 3.3%. There is a 50 day moving average of 73.84 and the 200 moving average now moves to 69.06. The company has a market cap of $6,332m. You can visit the company’s website by visiting: https://www.agreerealty.com

The potential market cap would be $6,540m 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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