In a report released yesterday, Eric Borden from BMO Capital maintained a Buy rating on Agree Realty, with a price target of $85.00.
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Eric Borden has given his Buy rating due to a combination of factors that highlight Agree Realty’s strong performance and potential for future growth. The company’s adjusted funds from operations per share (AFFOps) for the third quarter of 2025 exceeded expectations, prompting an upward revision of its full-year guidance. This positive outlook is supported by robust investment activity, with volumes increasing significantly despite seasonal challenges, and an improvement in acquisition cap rates.
Additionally, Agree Realty has demonstrated strong operational efficiency with a high leased occupancy rate and strategic asset sales that align with its growth strategy. The company’s financial health is further underscored by a stable A- rating from Fitch. While there was a slight decrease in exposure to investment-grade tenants, this was primarily due to strategic asset sales, which are part of the company’s broader growth and investment strategy.
According to TipRanks, Borden is ranked #4218 out of 10041 analysts.
In another report released on October 11, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $81.00 price target.