# Agree Realty Corporation  Share Price Target ‘$68.27’, now 17.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/agree-realty-corporation-share-price-target-68.27-now-17.4-upside-potential/4121142018
- Published: 2024-02-09T14:22:52+00:00
- Author: Charlotte Edwards

**Agree Realty Corporation** which can be found using ticker (ADC) now have 15 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The target price High/Low ranges between $76.00 and $64.00 calculating the mean 
target share price we have $68.27. (at the time of writing). Given that the stocks
previous close was at $58.13 and the analysts are correct then we can expect a percentage
increase in value of 17.4%. The 50 day moving average now sits at $61.02 and the
200 day moving average is $61.66. The total market capitalization for the company
now stands at 5.85B. The stock price for the company is currently $57.97 USD

 The potential market cap would be $6,867,236,386 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 34.1, 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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