Wells Fargo analyst Todd Stender maintained a Buy rating on Agree Realty Corp (ADC) today. The company’s shares closed last Monday at $74.69, close to its 52-week high of $74.88.
According to TipRanks.com, Stender is a 4-star analyst with an average return of 14.2% and a 81.1% success rate. Stender covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Extra Space Storage, and Realty Income Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Agree Realty Corp.
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Agree Realty Corp’s market cap is currently $3.12B and has a P/E ratio of 41.94. The company has a Price to Book ratio of 2.14.
Based on the recent corporate insider activity of 31 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.
