NEW YORK ( TheStreet) -- Agree Realty Corporation (NYSE: ADC) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Agree Realty Corporation, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties, which are primarily leased to national and regional retail companies in the United States. The company has a P/E ratio of 10, above the average real estate industry P/E ratio of 9.7 and below the S&P 500 P/E ratio of 21.9. Agree has a market cap of $249.1 million and is part of the financial sector and real estate industry. Shares are down 5.5% year to date as of the close of trading on Tuesday. You can view the full Agree Ratings Report or get investment ideas from our investment research center.