Agree Realty (ADC) Stock Forecast, Price Target & Predictions
ADC Stock Forecast
Agree Realty stock forecast is as follows: an average price target of $77.00 (represents a 9.73% upside from ADC’s last price of $70.17) 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 $77.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $74.00. This represents a potential 9.73% upside from ADC's last price of $70.17.
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 | $80.00 | $76.68 | 4.33% | 14.01% |
| Aug 12, 2024 | Michael Gorman | BTIG | $74.00 | $72.10 | 2.64% | 5.46% |
| Jun 11, 2024 | Upal Rana | KeyBanc | $68.00 | $60.18 | 12.99% | -3.09% |
| Jun 03, 2024 | Jonathan Hughes | Raymond James | $48.00 | $60.76 | -21.00% | -31.59% |
| Jun 03, 2024 | Connor Siversky | Wells Fargo | $62.00 | $60.76 | 2.04% | -11.64% |
| May 31, 2024 | Mike Goldsmith | UBS | $60.00 | $60.26 | -0.43% | -14.49% |
| Jan 22, 2024 | Mitch Germain | JMP Securities | $71.00 | $61.09 | 16.22% | 1.18% |
| Jan 09, 2023 | Raymond James | $81.00 | $70.78 | 14.44% | 15.43% | |
| Dec 02, 2022 | Ki Bin Kim | Truist Financial | $80.00 | $70.70 | 13.15% | 14.01% |
| Jun 20, 2022 | Simon Yarmak | Stifel Nicolaus | $81.50 | $68.80 | 18.46% | 16.15% |
| Jun 13, 2022 | Ki Bin Kim | Truist Financial | $77.00 | $70.35 | 9.45% | 9.73% |
| Jan 10, 2022 | Linda Tsai | Jefferies | $80.00 | $68.31 | 17.11% | 14.01% |
| Dec 14, 2021 | Michael Bilerman | Citigroup | $75.00 | $66.82 | 12.24% | 6.88% |
| Jun 25, 2021 | Todd Stender | Wells Fargo | $80.00 | $69.46 | 15.17% | 14.01% |
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 14.01% increase from ADC last price ($70.17).
Agree Realty Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 7 |
| Avg Price Target | - | $80.00 | $66.14 |
| Last Closing Price | $70.17 | $70.17 | $70.17 |
| Upside/Downside | -100.00% | 14.01% | -5.74% |
In the current month, the average price target of Agree Realty stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Agree Realty's last price of $70.17. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 |
| Jan 22, 2024 | JMP Securities | Outperform | Upgrade | |
| Jun 22, 2023 | Mizuho Securities | Buy | Upgrade | |
| Jun 14, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Jun 14, 2023 | Exane BNP Paribas | Underperform | Initialise | |
| Jan 09, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Jun 02, 2022 | Bank of America Securities | Buy | Upgrade | |
| Feb 24, 2022 | Raymond James | Strong Buy | Strong 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 | $182.31M | $178.12M | $174.61M | $171.40M | $177.85M | $167.92M | $167.17M | $163.81M | $158.19M | $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 | $164.88M | $164.25M | $163.53M | $166.05M | $190.09M | $185.72M | $182.06M | $178.72M | $185.45M | $175.09M | $174.30M | $167.19M | $160.51M | $152.90M | $150.35M | $148.01M | $143.07M | $141.27M | $135.07M | $127.44M | $120.01M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| Low Forecast | $150.23M | $149.65M | $148.99M | $151.29M | $173.20M | $169.22M | $165.88M | $162.83M | $168.97M | $159.53M | $158.81M | $156.16M | $154.09M | $152.77M | $150.35M | $147.89M | $135.84M | $121.56M | $123.07M | $116.12M | $109.34M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 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 | $131.07M | $130.57M | $130.00M | $132.00M | $151.12M | $147.64M | $144.73M | $142.07M | $147.42M | $139.19M | $138.56M | $135.78M | $131.13M | $126.68M | $124.62M | $85.86M | $116.57M | $111.46M | $107.37M | $78.05M | $94.78M | $83.62M | $77.98M | $70.96M | $69.96M | $66.87M | $62.75M | $66.02M | $53.05M | $46.91M |
| High Forecast | $136.67M | $136.15M | $135.55M | $137.64M | $157.57M | $153.95M | $150.91M | $148.14M | $153.72M | $145.13M | $144.48M | $138.58M | $133.04M | $126.74M | $124.62M | $103.03M | $118.59M | $117.10M | $111.96M | $93.67M | $113.74M | $83.62M | $77.98M | $85.15M | $69.96M | $66.87M | $62.75M | $79.22M | $53.05M | $46.91M |
| Low Forecast | $124.52M | $124.05M | $123.50M | $125.40M | $143.57M | $140.26M | $137.50M | $134.97M | $140.06M | $132.24M | $131.64M | $129.44M | $127.73M | $126.63M | $124.62M | $68.69M | $112.60M | $100.76M | $102.01M | $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% | 0.57% | 0.57% | 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 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 | - | - | - | - | $52.67M | $51.65M | $50.56M | $49.82M | $48.32M | $47.58M | $46.92M | $46.45M | $44.11M | $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 | - | - | - | - | $55.60M | $54.51M | $53.36M | $52.58M | $51.01M | $50.22M | $49.52M | $49.03M | $44.54M | $44.34M | $44.93M | $46.42M | $48.10M | $43.53M | $46.43M | $42.20M | $46.55M | $45.20M | $45.20M | $38.36M | $47.55M | $46.21M | $46.54M | $34.56M | $42.53M | $41.69M |
| Low Forecast | - | - | - | - | $49.25M | $48.29M | $47.27M | $46.58M | $45.18M | $44.49M | $43.87M | $46.01M | $43.68M | $43.93M | $44.88M | $30.95M | $44.66M | $41.50M | $41.13M | $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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 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 | $13.36M | $13.05M | $12.80M | $12.56M | $13.03M | $12.31M | $12.25M | $12.01M | $11.59M | $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 | $12.08M | $12.04M | $11.98M | $12.17M | $13.93M | $13.61M | $13.34M | $13.10M | $13.59M | $12.83M | $12.77M | $12.25M | $11.76M | $11.21M | $11.02M | $10.33M | $10.49M | $10.35M | $9.90M | $9.39M | $9.34M | $8.04M | $7.50M | $8.54M | $6.73M | $6.43M | $6.03M | $7.90M | $5.10M | $4.51M |
| Low Forecast | $11.01M | $10.97M | $10.92M | $11.09M | $12.69M | $12.40M | $12.16M | $11.93M | $12.38M | $11.69M | $11.64M | $11.45M | $11.29M | $11.20M | $11.02M | $6.89M | $9.96M | $8.91M | $9.02M | $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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 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 | - | - | - | - | $0.52 | $0.51 | $0.50 | $0.49 | $0.48 | $0.47 | $0.46 | $0.46 | $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 | - | - | - | - | $0.55 | $0.54 | $0.52 | $0.52 | $0.50 | $0.49 | $0.49 | $0.48 | $0.44 | $0.44 | $0.44 | $0.47 | $0.47 | $0.43 | $0.46 | $0.46 | $0.45 | $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 | $0.46 | $0.44 | $0.44 | $0.43 | $0.45 | $0.43 | $0.43 | $0.44 | $0.42 | $0.44 | $0.41 | $0.40 | $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 $0.47. 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 |
|---|---|---|---|---|---|
| NTST | NETSTREIT | $14.93 | $25.50 | 70.80% | Buy |
| O | Realty Income | $54.52 | $63.65 | 16.75% | Buy |
| NNN | National Retail Properties | $41.88 | $47.67 | 13.83% | Buy |
| UE | Urban Edge Properties | $22.28 | $25.00 | 12.21% | Buy |
| FRT | Federal Realty Investment Trust | $114.33 | $128.17 | 12.11% | Buy |
| KRG | Kite Realty Group Trust | $25.99 | $29.00 | 11.58% | Buy |
| BFS | Saul Centers | $40.17 | $43.50 | 8.29% | Buy |
| ADC | Agree Realty | $73.31 | $77.00 | 5.03% | Buy |
| REG | Regency Centers | $75.50 | $77.50 | 2.65% | Buy |
| KIM | Kimco Realty | $24.30 | $24.33 | 0.12% | Buy |
| PECO | Phillips Edison & Company | $38.96 | $37.00 | -5.03% | Buy |
| SPG | Simon Property Group | $179.96 | $167.93 | -6.68% | Buy |
| SITC | SITE Centers | $15.42 | $13.46 | -12.71% | Hold |