In a report released today, Collin Mings from Raymond James maintained a Buy rating on Agree Realty Corp (ADC), with a price target of $73. The company’s shares opened today at $65.94, close to its 52-week high of $66.71.
According to TipRanks.com, Mings is a 3-star analyst with an average return of 1.2% and a 52.2% success rate. Mings covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, National Retail Properties, and PotlatchDeltic Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agree Realty Corp with a $68.67 average price target, a 4.1% upside from current levels. In a report issued on February 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $68 price target.
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Agree Realty Corp’s market cap is currently $2.46B and has a P/E ratio of 36.46. The company has a Price to Book ratio of 1.99.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants.
