Agree Realty, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Ki Bin Kim from Truist Financial maintained a Buy rating on the stock and has a $82.00 price target.
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Ki Bin Kim has given his Buy rating due to a combination of factors that highlight Agree Realty’s strong financial position and growth potential. The company has raised its 2025 AFFO per share guidance, indicating a positive outlook on future earnings. Additionally, Agree Realty has increased its investment guidance, showcasing confidence in its ability to deploy capital effectively.
Another key factor in Kim’s rating is the company’s solid balance sheet, with a low net debt to EBITDA ratio, which provides financial flexibility. Despite a slight tightening in the spread between the cost of new equity and investment yields, the company’s robust platform and investment process are seen as capable of handling more investment capacity. This, coupled with the leadership’s track record, supports the view that Agree Realty is well-positioned for continued growth and could earn a higher valuation multiple over time.
Bin Kim covers the Real Estate sector, focusing on stocks such as Cubesmart, Kimco Realty, and Prologis. According to TipRanks, Bin Kim has an average return of 7.4% and a 59.38% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $84.00 price target.