Throughout the last three months, 12 analysts have evaluated Agree Realty ADC, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 3 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 1 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $79.92, a high estimate of $88.00, and a low estimate of $74.00. Marking an increase of 1.95%, the current average surpasses the previous average price target of $78.39.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Agree Realty among financial experts is revealed through an in-depth exploration 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 | Maintains | Outperform | $79.00 | $79.00 |
| Haendel St. Juste | Mizuho | Lowers | Neutral | $74.00 | $80.00 |
| Simon Yarmak | Stifel | Lowers | Buy | $81.00 | $81.50 |
| Brad Heffern | RBC Capital | Lowers | Outperform | $79.00 | $80.00 |
| Michael Goldsmith | UBS | Raises | Buy | $84.00 | $79.00 |
| Richard Hightower | Barclays | Announces | Underweight | $76.00 | - |
| James Kammert | Evercore ISI Group | Announces | Outperform | $82.00 | - |
| Omotayo Okusanya | Deutsche Bank | Announces | Buy | $88.00 | - |
| Michael Gorman | BTIG | Raises | Buy | $78.00 | $74.00 |
| Michael Goldsmith | UBS | Raises | Neutral | $79.00 | $77.00 |
| Haendel St. Juste | Mizuho | Raises | Neutral | $80.00 | $75.00 |
| John Kilichowski | Wells Fargo | Lowers | Overweight | $79.00 | $80.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Agree Realty compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Agree Realty's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Capture valuable insights into Agree Realty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Agree Realty analyst ratings.
Discovering Agree Realty: A Closer Look
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.
Unraveling the Financial Story of Agree Realty
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Agree Realty's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 12.81%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Agree Realty's net margin excels beyond industry benchmarks, reaching 27.48%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.84%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.52%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.52, Agree Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
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.
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