Agree Realty (ADC) Stock Forecast, Price Target & Predictions
ADC Stock Forecast
Agree Realty stock forecast is as follows: an average price target of $70.86 (represents a -8.12% downside from ADC’s last price of $77.12) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
ADC Price Target
The average price target for Agree Realty (ADC) is $70.86 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $81.50 to $48.00. This represents a potential -8.12% downside from ADC's last price of $77.12.
ADC Analyst Ratings
According to 10 Wall Street analysts, Agree Realty's rating consensus is 'Buy'. The analyst rating breakdown for ADC stock is 1 'Strong Buy' (10.00%), 8 'Buy' (80.00%), 1 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Agree Realty Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Brad Heffern | RBC Capital | - | - | 4.33% | 3.73% |
| Aug 12, 2024 | Michael Gorman | BTIG | - | - | 2.64% | -4.05% |
| Jun 11, 2024 | Upal Rana | KeyBanc | - | - | 12.99% | -11.83% |
| Jun 03, 2024 | Jonathan Hughes | Raymond James | - | - | -21.00% | -37.76% |
| Jun 03, 2024 | Connor Siversky | Wells Fargo | - | - | 2.04% | -19.61% |
| May 31, 2024 | Mike Goldsmith | UBS | - | - | -0.43% | -22.20% |
| Jan 22, 2024 | Mitch Germain | JMP Securities | - | - | 16.22% | -7.94% |
| Jan 09, 2023 | Raymond James | - | - | 14.44% | 5.03% | |
| Dec 02, 2022 | Ki Bin Kim | Truist Financial | - | - | 13.15% | 3.73% |
| Jun 20, 2022 | Simon Yarmak | Stifel Nicolaus | - | - | 18.46% | 5.68% |
The latest Agree Realty stock forecast, released on Oct 24, 2024 by Brad Heffern from RBC Capital, set a price target of $80.00, which represents a 4.33% increase from the stock price at the time of the forecast ($76.68), and a 3.73% increase from ADC last price ($77.12).
Agree Realty Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 7 |
| Avg Price Target | $80.00 | $80.00 | $66.14 |
| Last Closing Price | $77.12 | $77.12 | $77.12 |
| Upside/Downside | 3.73% | 3.73% | -14.24% |
In the current month, the average price target of Agree Realty stock is $80.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.73% increase as opposed to Agree Realty's last price of $77.12. This month's average price target is down 0.00% compared to last quarter, and up 20.96% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 04, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 21, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Aug 12, 2024 | BTIG | Buy | Buy | Hold |
| Jul 25, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 11, 2024 | KeyBanc | Overweight | Initialise | |
| Jun 03, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jun 03, 2024 | National Securities Corporation | Buy | Buy | Hold |
| May 31, 2024 | UBS | Neutral | Initialise | |
| Feb 27, 2024 | Wells Fargo | Buy | Buy | Hold |
Agree Realty's last stock rating was published by RBC Capital on Oct 24, 2024. The company gave ADC a "Outperform" rating, the same as its previous rate.
Agree Realty Financial Forecast
Agree Realty Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $144.16M | $136.81M | $129.90M | $126.62M | $125.00M | $110.06M | $104.88M | $98.34M | $91.41M | $87.54M | $82.55M | $77.83M | $71.42M | $63.81M |
| Avg Forecast | $158.13M | $157.53M | $156.83M | $159.25M | $171.19M | $168.24M | $165.54M | $163.51M | $173.40M | $164.14M | $163.89M | $161.15M | $156.61M | $152.83M | $150.35M | $147.95M | $140.63M | $134.47M | $129.54M | $122.23M | $115.09M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| High Forecast | $161.99M | $161.38M | $160.66M | $163.14M | $175.37M | $172.35M | $169.59M | $167.51M | $177.63M | $168.15M | $167.90M | $168.44M | $159.59M | $152.90M | $150.35M | $148.01M | $143.07M | $141.27M | $132.70M | $125.21M | $117.91M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| Low Forecast | $151.34M | $150.76M | $150.10M | $152.41M | $163.84M | $161.01M | $158.43M | $156.49M | $165.95M | $157.09M | $156.85M | $152.13M | $150.94M | $152.77M | $150.35M | $147.89M | $135.84M | $121.56M | $123.98M | $116.98M | $110.15M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.00% | 1.04% | 1.09% | 1.00% | 1.03% | 1.02% | 1.00% | 1.00% | 1.00% | 1.02% | 1.03% | 1.04% |
Agree Realty's average Quarter revenue forecast for Mar 24 based on 4 analysts is $147.95M, with a low forecast of $147.89M, and a high forecast of $148.01M. ADC's average Quarter revenue forecast represents a 2.63% increase compared to the company's last Quarter revenue of $144.16M (Dec 23).
Agree Realty EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $68.27M | $63.78M | $61.10M | $101.15M | $95.28M | $97.98M | $92.58M | $86.38M | $81.00M | $81.22M | $51.28M | $69.02M | $47.90M | $53.03M |
| Avg Forecast | $129.53M | $129.03M | $128.46M | $130.44M | $140.22M | $137.80M | $135.60M | $133.93M | $142.03M | $134.45M | $134.24M | $132.00M | $128.28M | $125.19M | $123.15M | $85.86M | $115.19M | $110.15M | $106.11M | $78.05M | $94.78M | $83.62M | $77.98M | $70.96M | $69.96M | $66.87M | $62.75M | $66.02M | $53.05M | $46.91M |
| High Forecast | $132.69M | $132.18M | $131.60M | $133.63M | $143.65M | $141.17M | $138.91M | $137.21M | $145.50M | $137.73M | $137.53M | $137.97M | $130.72M | $125.24M | $123.15M | $103.03M | $117.19M | $115.72M | $108.70M | $93.67M | $113.74M | $83.62M | $77.98M | $85.15M | $69.96M | $66.87M | $62.75M | $79.22M | $53.05M | $46.91M |
| Low Forecast | $123.96M | $123.49M | $122.95M | $124.84M | $134.20M | $131.89M | $129.77M | $128.18M | $135.93M | $128.67M | $128.48M | $124.61M | $123.64M | $125.13M | $123.15M | $68.69M | $111.27M | $99.57M | $101.55M | $62.44M | $75.83M | $83.62M | $77.98M | $56.77M | $69.96M | $66.87M | $62.75M | $52.81M | $53.05M | $46.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.59% | 0.58% | 0.58% | 1.30% | 1.01% | 1.17% | 1.19% | 1.22% | 1.16% | 1.21% | 0.82% | 1.05% | 0.90% | 1.13% |
4 analysts predict ADC's average Quarter EBITDA for Mar 24 to be $85.86M, with a high of $103.03M and a low of $68.69M. This is 25.76% upper than Agree Realty's previous annual EBITDA (Dec 23) of $68.27M.
Agree Realty Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.10M | $41.52M | $39.01M | $5.04M | $40.93M | $39.42M | $35.97M | $36.11M | $33.31M | $36.66M | $22.35M | $30.11M | $23.61M | $21.28M |
| Avg Forecast | - | - | - | - | $51.21M | $50.46M | $49.98M | $47.99M | $47.61M | $47.02M | $46.25M | $45.98M | $43.79M | $44.14M | $44.91M | $38.68M | $45.57M | $42.52M | $43.99M | $35.17M | $38.79M | $45.20M | $45.20M | $31.97M | $47.55M | $46.21M | $46.54M | $28.80M | $42.53M | $41.69M |
| High Forecast | - | - | - | - | $52.84M | $52.07M | $51.57M | $49.52M | $49.13M | $48.52M | $47.72M | $46.41M | $44.21M | $44.34M | $44.93M | $46.42M | $47.02M | $43.53M | $45.39M | $42.20M | $46.55M | $45.20M | $45.20M | $38.36M | $47.55M | $46.21M | $46.54M | $34.56M | $42.53M | $41.69M |
| Low Forecast | - | - | - | - | $48.35M | $47.65M | $47.19M | $45.31M | $44.96M | $44.40M | $43.67M | $45.10M | $43.36M | $43.93M | $44.88M | $30.95M | $44.66M | $41.50M | $41.54M | $28.13M | $31.03M | $45.20M | $45.20M | $25.58M | $47.55M | $46.21M | $46.54M | $23.04M | $42.53M | $41.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.98% | 0.89% | 0.14% | 1.05% | 0.87% | 0.80% | 1.13% | 0.70% | 0.79% | 0.48% | 1.05% | 0.56% | 0.51% |
Agree Realty's average Quarter net income forecast for Mar 24 is $38.68M, with a range of $30.95M to $46.42M. ADC's average Quarter net income forecast represents a -12.27% decrease compared to the company's last Quarter net income of $44.10M (Dec 23).
Agree Realty SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.70M | $8.84M | $8.42M | $8.82M | $7.86M | $6.99M | $7.65M | $7.62M | $6.65M | $5.69M | $6.24M | $6.88M | $6.79M | $4.76M |
| Avg Forecast | $11.59M | $11.54M | $11.49M | $11.67M | $12.55M | $12.33M | $12.13M | $11.98M | $12.71M | $12.03M | $12.01M | $11.81M | $11.48M | $11.20M | $11.02M | $8.61M | $10.31M | $9.86M | $9.49M | $7.83M | $7.78M | $8.04M | $7.50M | $7.11M | $6.73M | $6.43M | $6.03M | $6.58M | $5.10M | $4.51M |
| High Forecast | $11.87M | $11.83M | $11.77M | $11.96M | $12.85M | $12.63M | $12.43M | $12.28M | $13.02M | $12.32M | $12.30M | $12.34M | $11.70M | $11.21M | $11.02M | $10.33M | $10.49M | $10.35M | $9.73M | $9.39M | $9.34M | $8.04M | $7.50M | $8.54M | $6.73M | $6.43M | $6.03M | $7.90M | $5.10M | $4.51M |
| Low Forecast | $11.09M | $11.05M | $11.00M | $11.17M | $12.01M | $11.80M | $11.61M | $11.47M | $12.16M | $11.51M | $11.50M | $11.15M | $11.06M | $11.20M | $11.02M | $6.89M | $9.96M | $8.91M | $9.09M | $6.26M | $6.23M | $8.04M | $7.50M | $5.69M | $6.73M | $6.43M | $6.03M | $5.26M | $5.10M | $4.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.90% | 0.89% | 1.13% | 1.01% | 0.87% | 1.02% | 1.07% | 0.99% | 0.88% | 1.03% | 1.05% | 1.33% | 1.05% |
Agree Realty's average Quarter SG&A projection for Mar 24 is $8.61M, based on 4 Wall Street analysts, with a range of $6.89M to $10.33M. The forecast indicates a -1.07% fall compared to ADC last annual SG&A of $8.70M (Dec 23).
Agree Realty EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.41 | - | $0.06 | $0.44 | $0.47 | $0.45 | $0.48 | $0.47 | $0.52 | $0.34 | $0.48 | $0.43 | $0.39 |
| Avg Forecast | - | - | - | - | $0.50 | $0.50 | $0.49 | $0.47 | $0.47 | $0.46 | $0.45 | $0.45 | $0.43 | $0.43 | $0.44 | $0.45 | $0.45 | $0.42 | $0.43 | $0.44 | $0.42 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| High Forecast | - | - | - | - | $0.52 | $0.51 | $0.51 | $0.49 | $0.48 | $0.48 | $0.47 | $0.46 | $0.43 | $0.44 | $0.44 | $0.46 | $0.46 | $0.43 | $0.45 | $0.45 | $0.44 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| Low Forecast | - | - | - | - | $0.48 | $0.47 | $0.46 | $0.45 | $0.44 | $0.44 | $0.43 | $0.44 | $0.43 | $0.43 | $0.44 | $0.42 | $0.44 | $0.41 | $0.41 | $0.41 | $0.40 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.98% | 0.00% | 0.13% | 1.04% | 1.04% | 1.00% | 1.07% | 0.99% | 1.13% | 0.73% | 1.07% | 1.02% | 0.94% |
According to 4 Wall Street analysts, Agree Realty's projected average Quarter EPS for Mar 24 is $0.45, with a low estimate of $0.42 and a high estimate of $0.46. This represents a 111400.00% increase compared to ADC previous annual EPS of - (Dec 23).
Agree Realty Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SITC | SITE Centers | - | - | 107.49% | Hold |
| NTST | NETSTREIT | - | - | 47.84% | Buy |
| O | Realty Income | - | - | 21.15% | Buy |
| BFS | Saul Centers | - | - | 9.35% | Buy |
| NNN | National Retail Properties | - | - | 9.11% | Buy |
| UE | Urban Edge Properties | - | - | 8.93% | Buy |
| FRT | Federal Realty Investment Trust | - | - | 7.47% | Buy |
| KRG | Kite Realty Group Trust | - | - | 1.14% | Buy |
| REG | Regency Centers | - | - | -2.23% | Buy |
| KIM | Kimco Realty | - | - | -5.65% | Buy |
| ADC | Agree Realty | - | - | -8.12% | Buy |
| PECO | Phillips Edison & Company | - | - | -8.45% | Buy |
| SPG | Simon Property Group | - | - | -8.55% | Buy |