In a report issued on August 2, Haendel St. Juste from Mizuho Securities maintained a Hold rating on Agree Realty (ADC – Research Report), with a price target of $75.00. The company’s shares closed last Thursday at $75.86.
According to TipRanks.com, Juste is a 4-star analyst with an average return of 6.4% and a 58.8% success rate. Juste covers the Financial sector, focusing on stocks such as Essential Properties Realty, Phillips Edison & Company, and Associated Capital Group.
Currently, the analyst consensus on Agree Realty is a Strong Buy with an average price target of $79.71.
Based on Agree Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $98.34 million and net profit of $36.11 million. In comparison, last year the company earned revenue of $77.83 million and had a net profit of $30.11 million.
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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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