Agree Realty Corporation (ADC) Stock AnalysisADCAgree 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 2,825 properties located in 50 states and totaling approximately 59.6 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, Alabama, 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 (ADC) is a good buy right now due to its solid fundamentals and positive growth outlook. The current price is $67.04, and the company has a forward P/E ratio of 35.09, indicating reasonable valuation relative to expected earnings growth. Additionally, the company has a gross margin of 76.77%, which reflects strong operational efficiency. The recent insider purchase of 10,000 shares at $72.42 shows confidence in the company's future. However, the main risk is the declining stock performance, with a year-to-date change of -7.04%.

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