# Agree Realty Corporation  Share Price Target ‘$67.72’, now 20.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/agree-realty-corporation-share-price-target-67.72-now-20.5-upside-potential/4121142819
- Published: 2024-02-16T12:53:43+00:00
- Author: Charlotte Edwards

**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](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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