Robert W. Baird analyst Wes Golladay maintained a Buy rating on Agree Realty (NYSE:ADC) Corp. on Wednesday, setting a price target of $78, which is approximately 10.86% above the present share price of $70.36.
Golladay expects Agree Realty Corp . to post earnings per share (EPS) of $0.48 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Agree Realty, with an average price target of $75.9.
The analysts price targets range from a high of $78 to a low of $73.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $77.83 million and a net profit of $39.88 million. The company's market cap is $4.51 billion.
According to TipRanks.com, Robert W. Baird analyst Wes Golladay is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 65.49% success rate.
Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.