# Agree Realty Corporation – Consensus ‘buy’ rating and 25.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/agree-realty-corporation-consensus-buy-rating-and-25.8-upside-potential/4121131744
- Published: 2023-11-01T13:54:23+00:00
- Author: Charlotte Edwards

**Agree Realty Corporation** with ticker code (ADC) now have 14 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 $78.00 and $58.00 
and has a mean target at $70.39. Now with the previous closing price of $55.94 and
the analysts are correct then we can expect a percentage increase in value of 25.8%.
The 50 day moving average now sits at $57.47 and the 200 day MA is $65.13. The market
capitalization for the company is 5.62B. The stock price for the company is currently
$55.72 USD

 The potential market cap would be $7,072,105,577 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 32.78, revenue per share of $5.53
and a 2.17% 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](https://www.directorstalkinterviews.com/dollar-general-corporation),
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.

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