The Analyst Verdict: Agree Realty In The Eyes Of 7 Experts
Agree Realty (NYSE:ADC) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Agree Realty, revealing an average target of $64.79, a high estimate of $69.50, and a low estimate of $60.00. This current average represents a 2.32% decrease from the previous average price target of $66.33.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Agree Realty by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Haendel St. Juste | Mizuho | Raises | Neutral | $62.00 | $60.00 |
| Haendel St. Juste | Mizuho | Lowers | Neutral | $60.00 | $65.00 |
| Ki Bin Kim | Truist Securities | Lowers | Buy | $68.00 | $70.00 |
| Connor Siversky | Wells Fargo | Lowers | Overweight | $62.00 | $66.00 |
| Brad Heffern | RBC Capital | Lowers | Outperform | $63.00 | $67.00 |
| Simon Yarmak | Stifel | Lowers | Buy | $69.50 | $70.00 |
| Eric Borden | BMO Capital | Announces | Outperform | $69.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Agree Realty. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Agree Realty's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Agree Realty analyst ratings.
Unveiling the Story Behind Agree Realty
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 Financial Performance
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: Over the 3 months period, Agree Realty showcased positive performance, achieving a revenue growth rate of 18.03% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Agree Realty's net margin is impressive, surpassing industry averages. With a net margin of 28.69%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Agree Realty's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.86%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Agree Realty's ROA excels beyond industry benchmarks, reaching 0.55%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.5, Agree Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.