# Agree Realty Corporation – Consensus ‘buy’ rating and 29.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/agree-realty-corporation-consensus-buy-rating-and-29.1-upside-potential/4121130954
- Published: 2023-10-26T14:57:00+01:00
- Author: Charlotte Edwards

**Agree Realty Corporation** which can be found using ticker (ADC) now have 14 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
target price High/Low ranges between 78 and 58 calculating the mean target price
we have $70.39. Given that the stocks previous close was at $54.52 this would imply
there is now a potential upside of 29.1%. There is a 50 day moving average of $57.99
and the 200 day MA is $65.50. The market capitalization for the company is 5.46B.
The stock price for the company is currently 54.16 USD

 The potential market cap would be $7,053,145,839 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 31.86, 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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