Ratings for Agree Realty ADC were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Agree Realty, presenting an average target of $65.38, a high estimate of $71.00, and a low estimate of $61.00. This current average represents a 2.9% decrease from the previous average price target of $67.33.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Agree Realty. The following summary 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 |
|---|---|---|---|---|---|
| Mitch Germain | JMP Securities | Announces | Market Outperform | $71.00 | - |
| Ki Bin Kim | Truist Securities | Raises | Buy | $70.00 | $62.00 |
| Haendel St. Juste | Mizuho | Raises | Neutral | $65.00 | $61.00 |
| 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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Agree Realty. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Agree Realty's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Agree Realty's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Agree Realty analyst ratings.
Delving into Agree Realty's Background
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.
Agree Realty's Economic Impact: An Analysis
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 28.92%, the company showcases 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 financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.53%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.44, Agree Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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