Truist raised the firm’s price target on Agree Realty (ADC) to $80 from $77 and keeps a Buy rating on the shares. The firm increased its 2025 funds from operations estimate to $4.30 from $4.26 due to higher investment volume and better cost of capital.
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Read More on ADC:
- Agree Realty price target raised to $76 from $67 at Baird
- Agree Realty announces $1.25B at-the-market equity distribution agreement
- Agree Realty 4.4M share Spot Secondary priced at $74.00
- Agree Realty 4M share Spot Secondary; price range $73.30-$74.50
- Agree Realty announces 4M share common stock offering