Agree Realty (ADC) Receives a Buy from Berenberg Bank

Berenberg Bank analyst Connor Siversky maintained a Buy rating on Agree Realty (ADCResearch Report) on August 5 and set a price target of $87.00. The company’s shares closed yesterday at $77.47.

Siversky covers the Financial sector, focusing on stocks such as Stag Industrial, Rexford Industrial Realty, and Physicians Realty. According to TipRanks, Siversky has an average return of 1.6% and a 41.27% success rate on recommended stocks.

In addition to Berenberg Bank, Agree Realty also received a Buy from RBC Capital’s Brad Heffern in a report issued on August 4. However, on August 2, Mizuho Securities maintained a Hold rating on Agree Realty (NYSE: ADC).

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ADC market cap is currently $5.77B and has a P/E ratio of 40.60.

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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. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

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