Agree Realty Corporation (NYSE:ADC) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Agree Realty Corporation (NYSE:ADC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $82.00.

ADC has been the topic of several research reports. Huntington assumed coverage on Agree Realty in a report on Wednesday, July 15th. They set an "outperform" rating and a $84.00 price objective on the stock. Wall Street Zen downgraded Agree Realty from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Barclays decreased their target price on Agree Realty from $85.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday. Weiss Ratings downgraded Agree Realty from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, September 17th. Finally, Robert W. Baird set a $83.00 price target on Agree Realty in a research note on Friday, July 31st.

Insider Buying and Selling

In other news, CEO Joey Agree acquired 7,360 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of $68.06 per share, with a total value of $500,921.60. Following the purchase, the chief executive officer owned 682,465 shares of the company's stock, valued at $46,448,567.90. This represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Rakolta, Jr. bought 20,000 shares of Agree Realty stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the purchase, the director directly owned 654,602 shares in the company, valued at approximately $45,023,525.56. This trade represents a 3.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 48,496 shares of company stock worth $3,418,670 in the last 90 days. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Agree Realty in the second quarter valued at $1,447,551,000. Bank of America Corp DE acquired a new position in Agree Realty in the 2nd quarter valued at $130,921,000. Deutsche Bank AG purchased a new position in shares of Agree Realty during the 2nd quarter worth $104,747,000. Canada Pension Plan Investment Board purchased a new position in shares of Agree Realty during the 2nd quarter worth $92,533,000. Finally, Jupiter Topco LLC purchased a new position in shares of Agree Realty during the 2nd quarter worth $92,125,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Agree Realty

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

• Positive Sentiment: Earnings and revenue exceeded expectations. Agree Realty reported third-quarter FFO of $1.15 per share, ahead of the $1.14 Zacks consensus and up from $1.10 a year earlier. Reported revenue also surpassed estimates, while year-over-year revenue growth was approximately 17%. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its outlook. Agree Realty increased 2026 AFFO-per-share guidance to $4.58-$4.59, signaling confidence in operating performance and future cash-flow growth. The REIT also maintained a highly occupied portfolio, which was approximately 99.8% leased at quarter-end.
• Positive Sentiment: Acquisition activity remains strong. The company invested approximately $357.7 million in 94 retail net-lease properties during the quarter. Outside analysis highlighted acquisition yields of roughly 7.3%, suggesting potential for accretive growth if financing costs and property fundamentals remain favorable. Agree Realty: 7.3% Acquisitions, $75 Equity, and a $67 Stock
• Neutral Sentiment: Growth was supported by additional capital. Agree Realty raised $425.7 million through forward-equity settlements and completed a $400 million senior-notes offering. The funding improves liquidity—approximately $2 billion was available at quarter-end—but may increase interest expense and share-count dilution.
• Neutral Sentiment: The company declared monthly dividends of $0.267 per share for July, August and September, reinforcing ADC’s appeal to income-oriented investors. However, broader commentary continues to focus on the sensitivity of REIT valuations to interest rates.
• Negative Sentiment: Wells Fargo reduced its price target from $83 to $79, although it retained an “overweight” rating. The lower target reflects a more cautious valuation view despite the analysts’ continued expectation of upside. Wells Fargo Price Target Update

Agree Realty Trading Up 2.1%

Shares of Agree Realty stock opened at $67.22 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $69.91 and a 200-day simple moving average of $74.20. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 2.21 and a beta of 0.42. Agree Realty has a 12-month low of $64.43 and a 12-month high of $82.08.

Agree Realty (NYSE:ADC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $0.47 by $0.68. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The firm had revenue of $225.69 million for the quarter, compared to analyst estimates of $211.52 million. During the same period last year, the business earned $1.10 EPS. Agree Realty's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Agree Realty will post 4.45 EPS for the current fiscal year.

Agree Realty Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.2710 dividend. This is a positive change from Agree Realty's previous monthly dividend of $0.2670. The ex-dividend date is Friday, October 30th. This represents a $3.25 annualized dividend and a yield of 4.8%. Agree Realty's payout ratio is currently 172.04%.

Agree Realty Company Profile

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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