UBS analyst Michael Goldsmith upgrades $Agree Realty Corp (ADC.US)$ to a buy rating, and adjusts the target price from $79 to $84.
According to TipRanks data, the analyst has a success rate of 41.4% and a total average return of -1.1% 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 capacity to enhance AFFO growth by boosting acquisitions at a reasonable valuation. This anticipation is supported by a projected $1.2 billion in acquisitions for 2025, encouraged by greater clarity regarding funding through outstanding forward equity, anticipated to propel AFFO growth of 5% in 2025 and 5.6% in 2026.
The net lease group experienced a performance dip in Q4, while the FY24 sector's performance continued to lag behind the broader REIT index, with a reported 2% for the net lease sector compared to 4.9% for the REITs overall.
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.