5 analysts have expressed a variety of opinions on Agree Realty ADC over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $63.4, along with a high estimate of $67.00 and a low estimate of $61.00. A 9.75% drop is evident in the current average compared to the previous average price target of $70.25.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Agree Realty's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brad Heffern | RBC Capital | Raises | Outperform | $67.00 | $66.00 |
| Nate Crossett | Exane BNP Paribas | Announces | Neutral | $64.00 | - |
| Haendel St. Juste | Mizuho | Lowers | Neutral | $61.00 | $67.00 |
| Ki Bin Kim | Truist Securities | Lowers | Buy | $62.00 | $74.00 |
| Brad Heffern | RBC Capital | Lowers | Outperform | $63.00 | $74.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Agree Realty. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Agree Realty's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Agree Realty's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Agree Realty analyst ratings.
Get to Know Agree Realty Better
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
A Deep Dive into Agree Realty's Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Agree Realty's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.3% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Agree Realty's net margin is impressive, surpassing industry averages. With a net margin of 28.92%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Agree Realty's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.8%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Agree Realty's ROA excels beyond industry benchmarks, reaching 0.53%. This signifies efficient management of assets and strong financial health.
Debt Management: Agree Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.44.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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