Agree Realty Corporation (ADC) Stock AnalysisADCStock AnalysisAgree Realty Corporation

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,674 properties located in 50 states and totaling approximately 55.5 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, Gerber Collision, and others. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

Agree Realty Corp is currently trading at $73.20, which is below the analyst price targets ranging from $83 to $93, indicating potential upside. However, the RSI is at a low 27.316, suggesting the stock is oversold, and the recent 5-day change is down 0.92%, which raises caution. The main risk is the high forward P/E ratio of 39.84, indicating that the stock may be overvalued relative to its earnings growth expectations.

10 analysts cover ADC: 7 rate it Buy, 3 Hold and 0 Sell. The average price target is 80.75.