26-04-2025
Analysts Conflicted on These Real Estate Names: Agree Realty (ADC) and Choice Properties Real Estate Investment (OtherPPRQF)
Analysts have been eager to weigh in on the Real Estate sector with new ratings on Agree Realty (ADC – Research Report) and Choice Properties Real Estate Investment (PPRQF – Research Report).
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Agree Realty (ADC)
RBC Capital analyst Brad Heffern maintained a Buy rating on Agree Realty on April 24 and set a price target of $79.00. The company's shares closed last Friday at $75.67, close to its 52-week high of $78.39.
According to Heffern is a 5-star analyst with an average return of 7.2% and a 45.7% success rate. Heffern covers the NA sector, focusing on stocks such as National Retail Properties, Mid-America Apartment, and Independence Realty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agree Realty with a $79.14 average price target, a 3.5% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Buy rating on the stock with a $75.00 price target.
In a report issued on April 24, Pammi Bir from RBC Capital maintained a Hold rating on Choice Properties Real Estate Investment, with a price target of C$15.00. The company's shares closed last Wednesday at $10.41.
According to Bir is a 4-star analyst with an average return of 7.6% and a 53.6% success rate. Bir covers the NA sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, NorthWest Healthcare Properties REIT, and Dream Office Real Estate Investment.
Choice Properties Real Estate Investment has an analyst consensus of Moderate Buy, with a price target consensus of $11.24, representing a 8.0% upside. In a report issued on April 23, Raymond James also downgraded the stock to Hold with a C$16.00 price target.
