Mizuho Securities analyst Haendel St. Juste maintains $Agree Realty Corp (ADC.US)$ with a hold rating, and adjusts the target price from $80 to $74.
According to TipRanks data, the analyst has a success rate of 50.8% and a total average return of 3.2% 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 holds a stance of neutrality towards shares of Agree Realty, anticipating a mixed macroeconomic environment as we head into 2025. It is opined that stock valuations seem fair on an absolute basis, yet they appear pricey when compared to fixed income alternatives. There is a belief that real estate investment trust fundamentals might be sluggish with a possible turning point arriving in fiscal 2026.
After Agree Realty disclosed a 2024 acquisition volume of $867M, which was above their expected $850 million for FY24 as noted on their Q3 earnings call, the outlook remains positive reflecting better-than-anticipated acquisition volume.
The 2024 acquisition volumes slightly surpassed both the guidance and previous estimates, with the capitalization rate matching expectations. However, the guidance for 2025 investment volumes is approximately 10% under the prior forecasts. Typically, Agree Realty begins the year with conservative figures, which are usually adjusted upward later. Increased capital costs have led to a revised forecast for FY26 funds from operations, reducing it slightly.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
瑞穗證券分析師Haendel St. Juste維持$美國同意房地產公司 (ADC.US)$持有評級，並將目標價從80美元下調至74美元。
根據TipRanks數據顯示，該分析師近一年總勝率為50.8%，總平均回報率為3.2%。
此外，綜合報道，$美國同意房地產公司 (ADC.US)$近期主要分析師觀點如下：
該公司對Agree Realty的股票持中立立場，預計隨着我們進入2025年，宏觀經濟環境將喜憂參半。有人認爲，股票估值在絕對基礎上似乎是公平的，但與固定收益替代方案相比，它們似乎很昂貴。有人認爲，REITS的基本面可能疲軟，轉折點可能在2026財年到來。
Agree Realty披露2024年的收購量爲8.67億美元，高於其第三季度業績電話會議上預期的24財年8.5億美元，此後，前景仍然樂觀，反映出收購量好於預期。
2024年的收購量略高於預期和先前的估計，資本化率符合預期。但是，2025年投資量的預期比先前的預測低約10％。通常，Agree Realty在年初時會使用保守的數字，這些數字通常稍後會向上調整。資本成本的增加導致對26財年運營資金的預測進行了修正，略有下降。
提示:
TipRanks為獨立第三方，提供金融分析師的分析數據，並計算分析師推薦的平均回報率和勝率。提供的信息並非投資建議，僅供参考。本文不對評級數據和報告的完整性與準確性做出認可、聲明或保證。
TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
