Key Highlights:
- Agree Realty (ADC, Financial) set to offer 4.5 million shares at $75.70 per share.
- Analysts predict an average price target of $80.78, indicating potential upside.
- Current recommendations rate ADC as "Outperform" with a robust GF Value estimate.
Agree Realty Corp. (NYSE: ADC) recently announced its latest public offering, pricing 4.5 million shares at $75.70 each, linked to a strategic forward sale agreement. This offering also grants underwriters an option to purchase an additional 675,000 shares. Completion of this transaction is aimed for April 25, 2025, marking a significant milestone for the company.
Wall Street Analysts Forecast
Wall Street analysts have projected one-year price targets for Agree Realty, with an average estimate of $80.78. This projection encompasses a high estimate of $88.00 and a low estimate of $75.00. The mean target price suggests a potential upside of 4.60% from the current trading price of $77.22. Investors seeking more insight can access detailed estimates on the Agree Realty Corp (ADC, Financial) Forecast page.
The consensus recommendation from 20 brokerage firms currently rates Agree Realty Corp (ADC, Financial) with an average brokerage recommendation of 2.0, signifying an "Outperform" status. This rating scale ranges from 1 to 5, where 1 denotes a Strong Buy, and 5 indicates a Sell. These insights underscore a positive outlook for potential investors.
According to GuruFocus estimates, the projected GF Value for Agree Realty Corp (ADC, Financial) in one year is $82.11. This estimation points to a potential upside of 6.33% from the current market price of $77.22. The GF Value is a derived measure, calculated using historical trading multiples, past growth metrics, and future performance forecasts. Investors can explore further details on the Agree Realty Corp (ADC) Summary page.
