Agree Realty Corp. (ADC) Tops Q3 adj.-FFO by 4c

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Compass Point Expects Agree Reality (ADC) to Increase Dividend by 7.5%

November 1, 2012 1:45 PM EDT

Compass Point reiterated a Buy rating on Agree Realty (NYSE: ADC) with a price target of $31.00. In response to the company's third-quarter earnings, analyst Wilkes Graham raised 2012 and 2013 FFO estimates to $2.05 and $2.21, respectively, from $2.02 and $2.18.

"As accretive acquisitions become tougher to find... More