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 strong fundamentals and positive market sentiment. The current price is $65.95, which is below the average analyst price target of $81.50, indicating potential upside. The company has a gross margin of 76.77%, showcasing efficient operations, and a solid projected AFFO growth of nearly 6%, which is higher than Realty Income's 4%. However, the main risk is the current RSI of 42.89, suggesting the stock is nearing oversold territory, which could lead to short-term volatility.

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