WBA - Agree Realty: Who Else Is Backing Up The Truck With Me?
2024-01-30 07:00:00 ET
Summary
- Agree Realty Corporation is a top investment choice with long-term potential and a near-5% yield.
- The company focuses on e-commerce-resistant national and super-regional retailers, providing safety and stability.
- Agree Realty has a conservative approach, strong management, and a well-covered dividend, making it a buy below $60/share and with a price target of $80/share.
This article was coproduced with Wolf Report.
I don't mind sounding like a broken record.
In fact, I rather like it.
It implies that I'm of a high conviction in the companies where my stakes are the highest.
So, when I am updating here on Agree Realty Corporation (ADC), a company I wrote about not that long ago, I do so because the short term has changed in terms of valuation, but the long-term outlook certainly has not.
Agree is an overweight position (for Wolf and Brad).
Realty Income (O) is Brad's largest stake (~10% exposure).
Both Realty Income and Agree Realty represent superb investments here at their respective valuations....
Agree Realty: Who Else Is Backing Up The Truck With Me?