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Analysts Offer Insights on Real Estate Companies: Agree Realty (ADC) and AvalonBay (AVB)

Tipranks - Tue Jul 21, 8:54PM CDT

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 -0.8% and a 60.0% success rate. Galan covers the NA sector, focusing on stocks such as Essential Properties Realty, Hudson Pacific Properties, and Mid-America Apartment. ;'>

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 11.2% and a 53.4% success rate. Heffern covers the NA sector, focusing on stocks such as Mid-America Apartment, Extra Space Storage, and Independence Realty. ;'>

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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