Mizuho Cuts Agree Realty (NYSE:ADC) Price Target to $72.00

by · The Markets Daily

Agree Realty (NYSE:ADC – Free Report) had its target price cut by Mizuho from $80.00 to $72.00 in a report published on Thursday, MarketBeat Ratings reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Barclays upped their target price on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Robert W. Baird set a $83.00 target price on Agree Realty in a research note on Friday, July 31st. Huntington began coverage on Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Agree Realty currently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Read Our Latest Stock Report on ADC

Agree Realty Stock Down 0.2%

ADC stock opened at $68.02 on Thursday. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.23 and a beta of 0.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty has a 12 month low of $67.70 and a 12 month high of $82.08. The firm has a 50-day moving average of $75.17 and a two-hundred day moving average of $76.06.

Agree Realty (NYSE:ADC – Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, analysts forecast that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.267 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%. Agree Realty’s dividend payout ratio is currently 172.04%.

Insider Activity at Agree Realty

In other Agree Realty news, Director John Rakolta, Jr. bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the completion of the purchase, the director directly owned 654,602 shares in the company, valued at $45,023,525.56. The trade was a 3.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joey Agree bought 7,360 shares of Agree Realty stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the transaction, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This trade represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 47,496 shares of company stock valued at $3,351,120 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Agree Realty during the second quarter valued at about $1,447,551,000. Bank of America Corp DE acquired a new position in shares of Agree Realty in the 2nd quarter worth approximately $130,921,000. Norges Bank acquired a new position in shares of Agree Realty in the 4th quarter worth approximately $116,114,000. Deutsche Bank AG acquired a new position in shares of Agree Realty in the 2nd quarter worth approximately $104,747,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Agree Realty during the 2nd quarter worth approximately $92,533,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Key Stories Impacting Agree Realty

Here are the key news stories impacting Agree Realty this week:

  • Positive Sentiment: CEO Joey Agree bought 7,360 shares for approximately $501,000, while Director John Rakolta Jr. purchased 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider buying may signal that company leadership considers the recent weakness an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
  • Positive Sentiment: Stifel Nicolaus lowered its price target from $84.00 to $81.50 but maintained a “buy” rating. The revised target still implies meaningful upside from recent trading levels, providing some support for the stock. Stifel lowers Agree Realty price target while maintaining buy rating
  • Positive Sentiment: Agree Realty declared its regular monthly dividend of $0.267 per share, payable October 14 to shareholders of record September 30. The dividend supports ADC’s appeal as an income-oriented real estate investment trust.
  • Neutral Sentiment: The company priced $400 million of 5.650% senior unsecured notes due 2036, with an effective yield of 5.849%. The proceeds improve financial flexibility and can fund corporate activities, although the debt will add interest expense in a higher-cost financing environment. Agree Realty announces pricing of $400 million of senior unsecured notes
  • Negative Sentiment: Mizuho cut its price target from $80.00 to $72.00 and assigned a “neutral” rating. Although the new target remains above recent levels, the reduction signals more cautious expectations and may weigh on investor sentiment. Mizuho lowers Agree Realty price target and maintains neutral rating

Agree Realty Company Profile

(Get Free Report)

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.

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