Analysts Offer Insights on Real Estate Companies: Agree Realty (ADC) and AvalonBay (AVB)
Analysts have been eager to weigh in on the Real Estate sector with new ratings on Agree Realty (ADC) and AvalonBay (AVB).
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Agree Realty (ADC)
In a report released yesterday, Jana Galan from Bank of America Securities maintained a Buy rating on Agree Realty. The company’s shares closed last Monday at $80.57.
According to TipRanks.com, Galan is a 1-star analyst with an average return of
Currently, the analyst consensus on Agree Realty is a Moderate Buy with an average price target of $83.61, implying a 3.2% upside from current levels. In a report issued on July 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $84.00 price target.
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AvalonBay (AVB)
In a report released yesterday, Brad Heffern from RBC Capital maintained a Hold rating on AvalonBay, with a price target of $194.00. The company’s shares closed last Monday at $191.84.
According to TipRanks.com, Heffern is a 5-star analyst with an average return of
Currently, the analyst consensus on AvalonBay is a Hold with an average price target of $196.80, implying a 2.2% upside from current levels. In a report issued on July 14, Barclays also downgraded the stock to Hold with a $205.00 price target.
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