Agree Realty (ADC) Stock Price, News & Analysis

Company Overview

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. The company often targets grocery-anchored community centers and freestanding retail assets that exhibit strong demographic profiles and defensive retail categories. By partnering with investment-grade and other creditworthy tenants, Agree Realty seeks to generate stable, inflation-protected cash flows for its shareholders.

With a geographically diversified footprint across more than 40 states, Agree Realty maintains local asset management teams responsible for day-to-day property operations, lease administration and capital expenditure planning. The company continually evaluates market trends and tenant credit to optimize lease maturities and maintain high portfolio occupancy. Development activity is funded through a combination of internal capital and third-party joint ventures, providing balance-sheet flexibility.

Leadership at Agree Realty is headed by President and Chief Executive Officer Michael Manelis, who has guided the company’s strategic direction since 2008. Under his oversight, the firm has expanded its scale and refined its portfolio toward high-quality, net-lease assets. Senior management places a strong emphasis on disciplined underwriting, shareholder returns and sustainable growth within the retail real estate sector.

Key Stats

• Today's Range: $74.86 to $75.76
• 50-Day Range: $74.11 to $80.00
• 52-Week Range: $69.56 to $82.08
• Volume: 924,478 shs
• Average Volume: 1.03 million shs
• Market Capitalization: $9.06 billion
• P/E Ratio: 40.77
• Dividend Yield: 4.24%
• Price Target: $83.79
• Consensus Rating: Moderate Buy

Agree Realty Stock Analysis - MarketRank™

Agree Realty scored higher than 73% of companies evaluated by MarketBeat, and ranked 404th out of 881 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Agree Realty has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 1 strong buy rating, 9 buy ratings, 6 hold ratings, and no sell ratings.

Upside Potential

Agree Realty has a consensus price target of $83.79, representing about 11.1% upside from its current price of $75.42.

Amount of Analyst Coverage

Agree Realty has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 5.18%

Earnings Growth

Earnings for Agree Realty are expected to grow by 5.18% in the coming year, from $4.44 to $4.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Agree Realty is 40.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Agree Realty is 40.77, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.96.

Price to Earnings Growth Ratio

Agree Realty has a PEG Ratio of 2.54. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Agree Realty has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.25% of the float of Agree Realty has been sold short.

Short Interest Ratio / Days to Cover

Agree Realty has a short interest ratio ("days to cover") of 12.29, which indicates bearish sentiment.

Change versus previous month

Short interest in Agree Realty has recently increased by 1.76%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Agree Realty is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Agree Realty has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Agree Realty is 172.97%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Agree Realty will have a dividend payout ratio of 68.52% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 1.11

News Sentiment

Agree Realty has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Agree Realty this week, compared to 6 articles on an average week.

Search Interest

Only 7 people have searched for ADC on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

MarketBeat Follows

10 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 900% compared to the previous 30 days.

Company Ownership

• Score: 4.4 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

3 insiders have purchased shares of Agree Realty in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $1,069,944.00 in company stock, which represents 0.0118% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Agree Realty insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,069,944.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

1.80% of the stock of Agree Realty is held by insiders.

Percentage Held by Institutions

97.83% of the stock of Agree Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 4/21/2026
• Record date for 5/14 Dividend: 4/30/2026
• Ex-Dividend for 5/14 Dividend: 4/30/2026
• Dividend Payable: 5/14/2026
• Today: 5/24/2026
• Record date for 6/12 Dividend: 5/29/2026
• Ex-Dividend for 6/12 Dividend: 5/29/2026
• Dividend Payable: 6/12/2026
• Next Earnings (Estimated): 7/30/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - RETAIL
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:ADC
• CIK: 917251
• Web: www.agreerealty.com
• Phone: (248) 737-4190
• Fax: 248-737-9110
• Employees: 80
• Year Founded: 1971

Price Target and Rating

• Average Price Target for Agree Realty: $83.79
• High Price Target: $91.00
• Low Price Target: $80.00
• Potential Upside/Downside: +11.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.85
• Trailing P/E Ratio: 40.77
• Forward P/E Ratio: 16.99
• P/E Growth: 2.54
• Net Income: $204.35 million
• Net Margins: 29.25%
• Pretax Margin: 29.34%
• Return on Equity: 3.95%
• Return on Assets: 2.39%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 0.83
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $718.40 million
• Price / Sales: 12.61
• Cash Flow: $4.60 per share
• Price / Cash Flow: 16.39
• Book Value: $50.49 per share
• Price / Book: 1.49

Miscellaneous

• Outstanding Shares: 120,100,000
• Free Float: 117,941,000
• Market Cap: $9.06 billion
• Optionable: Optionable
• Beta: 0.50