Agree Realty Corporation (NYSE:ADC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

Agree Realty Corporation (NYSE:ADC – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $80.09.

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Stifel Nicolaus cut their target price on shares of Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Weiss Ratings downgraded shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 20th. Finally, Mizuho lowered their price target on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th.

Read Our Latest Stock Report on Agree Realty

Key Agree Realty News

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

  • Positive Sentiment: RBC Capital maintained a Buy rating on Agree Realty, signaling continued confidence in the REIT’s long-term income and growth prospects. RBC Capital Remains a Buy on Agree Realty
  • Positive Sentiment: Third-quarter results exceeded expectations, with revenue rising 16.7% year over year to $213.9 million and reported EPS of $1.15 versus the $0.47 consensus estimate. Management also raised its AFFO outlook, supporting the company’s dividend and valuation case. Agree Realty Q3 Earnings Lift AFFO Outlook
  • Positive Sentiment: Agree Realty’s retail portfolio reached 99.8% occupancy in the third quarter, highlighting resilient tenant demand and stable rental cash flows. The company also increased its dividend, strengthening its appeal to income-focused investors. Agree Realty: 3 Key Takeaways
  • Neutral Sentiment: An analysis argues that the selloff has created a more attractive income opportunity, but investors still must weigh interest-rate sensitivity and the REIT’s funding requirements. The Selloff Has Created an Attractive Income Opportunity
  • Negative Sentiment: Citigroup lowered its price target from $82.50 to $72 and assigned a Neutral rating, reflecting limited expected upside and concerns about valuation or financing conditions. Citigroup recommendations
  • Negative Sentiment: BNP Paribas Exane cut its price target, while Robert W. Baird issued a pessimistic forecast. These revisions add to the negative analyst sentiment surrounding ADC. BNP Paribas Exane price target cut Baird forecast
  • Negative Sentiment: Management reduced its 2026 investment-volume guidance to $1.6 billion, and analysts continue to flag funding risks. Slower acquisition activity could constrain Agree Realty’s external growth. Agree Realty Q3 Earnings

Agree Realty Price Performance

ADC opened at $66.78 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.96 and a beta of 0.42. The firm’s fifty day moving average price is $69.39 and its two-hundred day moving average price is $73.99. Agree Realty has a 1 year low of $64.34 and a 1 year high of $82.08.

Agree Realty (NYSE:ADC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.68. The business had revenue of $213.88 million for the quarter, compared to analyst estimates of $211.52 million. Agree Realty had a return on equity of 4.00% and a net margin of 29.75%. Agree Realty’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. As a group, analysts anticipate that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.2710 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.25 annualized dividend and a yield of 4.9%. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. Agree Realty’s dividend payout ratio is currently 164.95%.

Insider Transactions at Agree Realty

In related news, insider Craig Erlich purchased 1,000 shares of the business’s stock in a transaction on Monday, September 21st. The stock was acquired at an average price of $67.55 per share, with a total value of $67,550.00. Following the purchase, the insider directly owned 60,388 shares in the company, valued at approximately $4,079,209.40. This represents a 1.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Rakolta, Jr. bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was purchased at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the purchase, the director owned 654,602 shares of the company’s stock, valued at $45,023,525.56. This represents a 3.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Agree Realty

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Agree Realty during the 2nd quarter valued at about $1,447,551,000. Bank of America Corp DE purchased a new stake in Agree Realty during the 2nd quarter valued at about $130,921,000. Deutsche Bank AG purchased a new stake in shares of Agree Realty during the second quarter valued at approximately $104,747,000. Canada Pension Plan Investment Board purchased a new stake in shares of Agree Realty during the second quarter valued at $92,533,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Agree Realty during the 2nd quarter valued at about $92,125,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Agree Realty Company Profile

(Get Free Report)

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.

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