RBC Capital analyst Brad Heffern maintains $Agree Realty Corp (ADC.US)$ with a buy rating, and adjusts the target price from $80 to $79.
According to TipRanks data, the analyst has a success rate of 44.4% and a total average return of 9.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Agree Realty Corp (ADC.US)$'s main analysts recently are as follows:
The firm has heightened confidence in Agree Realty's capability to enhance AFFO growth by accelerating acquisitions at a favorable valuation. Expectations are set for acquisitions in 2025 totaling $1.2 billion, fueled by enhanced visibility into funding through outstanding forward equity, which is projected to drive a 5% AFFO growth in 2025 and 5.6% in 2026.
After Agree Realty disclosed a 2024 acquisition volume of $867M, it was noted that this figure slightly exceeds the approximately $850 million initially expected for FY24 as discussed during the company's Q3 earnings call.
The 2024 acquisition volumes reported slightly above guidance and an aligned cap rate, whereas the investment volume guidance for 2025 appears about 10% below the previous estimates. Typically, Agree Realty begins the year with conservative projections and incrementally raises them. The increased cost of capital has adjusted the forecast for FY26 FFO slightly downwards.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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加皇資本市場分析師Brad Heffern維持$美國同意房地產公司 (ADC.US)$買入評級，並將目標價從80美元下調至79美元。
根據TipRanks數據顯示，該分析師近一年總勝率為44.4%，總平均回報率為9.0%。
此外，綜合報道，$美國同意房地產公司 (ADC.US)$近期主要分析師觀點如下：
該公司增強了對Agree Realty通過以有利估值加速收購來促進AFFO增長的能力的信心。預計2025年總額爲12億美元的收購，這得益於通過未償還遠期股權獲得的融資知名度的提高，預計這將推動2025年AFFO增長5％，在2026年推動5.6％的增長。
在Agree Realty披露2024年8.67億美元的收購量後，有人指出，這一數字略高於該公司第三季度業績電話會議上討論的24財年最初預期的約8.5億美元。
2024年的收購量報告略高於預期和統一的市值利率，而2025年的投資量預期似乎比先前的估計低約10％。通常，Agree Realty在今年年初會採用保守的預測，然後逐步提高這些預測。資本成本的增加使對26財年FFO的預測略有下調。
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