What Analysts Are Saying About Agree Realty Stock
Portfolio Pulse from Benzinga Insights
Agree Realty (NYSE:ADC) has received mixed analyst ratings over the past quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $63.4, down from $70.25, with a high estimate of $67 and a low of $61. Analysts from RBC Capital, Exane BNP Paribas, Mizuho, and Truist Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Agree Realty, a real estate investment trust, has shown a positive revenue trend with a 24.3% growth rate and a net margin of 28.92%, but its ROE of 0.8% is below industry averages. Its ROA of 0.53% and a debt-to-equity ratio of 0.44 indicate strong financial health and sound financial structure.

January 04, 2024 | 9:00 pm
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Agree Realty has received diverse analyst ratings and a reduced average price target, indicating a cautious outlook. The company's strong revenue growth and net margin are positives, but the lower ROE may concern investors.
The mixed analyst ratings and lowered price target suggest uncertainty, which could lead to a neutral short-term impact on ADC's stock price. The positive revenue trend and net margin may balance concerns over the below-average ROE, leading to a neutral score. The relevance is high as the article directly discusses ADC, and the importance is significant due to the impact of analyst ratings on investor sentiment. The confidence level is moderately high, reflecting the clear data provided but acknowledging the unpredictable nature of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100