BofA raised the firm’s price target on Agree Realty to $60 from $58 and keeps a Buy rating on the shares after updating the firm’s model for Q3 results. Incrementally, news flow has become more supportive of the net lease REIT sub-sector, but the firm still believes at this time that it is “too early to signal the all clear for the sub-sector,” the analyst tells investors.
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Read More on ADC:
- Agree Realty Declares Monthly Common and Preferred Dividends
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- Agree Realty Corporation Reports Third Quarter 2023 Results
- Agree Realty reports Q3 adjsuted FFO $1.00, consensus 98c
