Zacks Investment Research upgraded Agree Realty Corporation (NYSE:ADC) to Hold in a statement released earlier today.
- Updated: January 11, 2017
Displaying a price of $45.81, Agree Realty Corporation (NYSE:ADC) traded 0.22% higher on the day. With the last stock price close down -2.84% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.05% over the same period. The company has recorded a 50-day moving average of $45.19 and a 200-day moving average of $47.15. 135,816 shares of ADC traded hands, down from an average trading volume of 275,765
Zacks Investment Research has upgraded Agree Realty Corporation (NYSE:ADC) to Hold in a statement released on 01/11/2017.
Previously on 1/6/2017, Stifel Nicolaus released a statement for Agree Realty Corporation (NYSE:ADC) bumped down the target price from $54.00 to $53.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
With a total market value of $0, Agree Realty Corporation has price-earnings ratio of 24.39 with a 52 week low of $31.75 and a 52 week high of $51.33 .
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on Agree Realty Corporation. The 12-month price target is $45.83 with four analysts rating the company a strong buy, two brokerages rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokers rating the stock a sell.
About Agree Realty Corporation (NYSE:ADC)
Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company's portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. Its portfolio includes over 275 net lease properties and over three community shopping centers. The Company's primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States. The Company's business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants.
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