Analysts at Raymond James lifted their price target on shares of Agree Realty Corp (NYSE: ADC) from $28.50 to $30.00 in a research report issued to clients and investors on Monday.
A number of other firms have also recently commented on ADC. Analysts at Compass Point reiterated a “buy” rating on shares of Agree Realty Corp in a research note to investors on Monday. They now have a $32.00 price target on the stock, up previously from $31.00. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Agree Realty Corp in a research note to investors on Friday. They now have a $30.00 price target on the stock, up previously from $26.00. Finally, analysts at Wunderlich raised their price target on shares of Agree Realty Corp from $30.00 to $32.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has assigned a hold rating to the stock. Agree Realty Corp currently has an average rating of “overweight” and a consensus target price of $29.88.
Shares of Agree Realty Corp traded up 1.02% during mid-day trading on Monday, hitting $28.72. Agree Realty Corp has a one year low of $20.61 and a one year high of $28.96. The stock’s 50-day moving average is currently $28.34. The company has a market cap of $321.2 million and a P/E ratio of 17.44.
Agree Realty Corp last announced its earnings results on Wednesday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.01. The company had revenue of $9.58 million for the quarter, compared to the consensus estimate of $9.27 million. On average, analysts predict that Agree Realty Corp will post $2.18 earnings per share for the current fiscal year.
Agree Realty Corporation is a self-administered and self-managed real estate investment trust (REIT).
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