Agree Realty Corporation (NYSE:ADC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Agree Realty (NYSE:ADC) has a consensus recommendation of Moderate Buy from 17 analysts (9 buys, 7 holds, 1 strong buy) with an average 12‑month price target of $84.36.
• The company beat Q1 estimates—EPS $0.50 vs. $0.47 and revenue $211.49M vs. $195.73M—and set FY2026 guidance of 4.54–4.58 EPS versus analyst expectations near 4.43.
• Agree Realty raised its monthly dividend to $0.267 (ex‑dividend Apr 30), implying about a 4.2% yield

Agree Realty Corporation (NYSE:ADC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $84.3571.

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $81.00 price objective on Agree Realty in a research note on Tuesday, April 21st. Raymond James Financial boosted their target price on Agree Realty from $84.00 to $90.00 and gave the company a "strong-buy" rating in a report on Tuesday, March 17th. Royal Bank Of Canada boosted their target price on Agree Realty from $81.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Mizuho boosted their target price on Agree Realty from $75.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, March 11th. Finally, Barclays boosted their target price on Agree Realty from $81.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ADC. Clearstead Trust LLC grew its holdings in Agree Realty by 192.1% during the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 242 shares during the period. Westside Investment Management Inc. lifted its position in shares of Agree Realty by 100.0% in the third quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 215 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Agree Realty in the third quarter valued at $32,000. Creative Financial Designs Inc. ADV lifted its position in shares of Agree Realty by 71.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 192 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in Agree Realty by 163.8% during the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust's stock worth $33,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 97.83% of the company's stock.

Agree Realty Price Performance

ADC stock opened at $76.85 on Wednesday. The business has a 50 day moving average price of $78.07 and a 200 day moving average price of $75.01. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 2.56 and a beta of 0.53. Agree Realty has a fifty-two week low of $69.56 and a fifty-two week high of $82.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC - Get Free Report) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $211.49 million during the quarter, compared to analysts' expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The firm's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts anticipate that Agree Realty will post 4.43 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a $0.267 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This is an increase from Agree Realty's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Agree Realty's dividend payout ratio is presently 169.73%.

About Agree Realty

Agree Realty Corporation NYSE: ADC is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty's primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.

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