Agree Realty (NYSE:ADC) Sets New 12-Month Low - Here's Why

Key Points

• Agree Realty shares fell 1.6% to a new 52-week low near $65.80, trading well below their 50-day and 200-day moving averages. The decline followed mixed analyst sentiment, although the stock retains a “Moderate Buy” consensus and an average price target of $83.25.
• The REIT missed quarterly EPS expectations, reporting $0.44 versus the $0.48 consensus, but revenue rose 16.8% year over year to $216.33 million. Management issued fiscal 2026 EPS guidance of $4.57–$4.59.
• Agree Realty announced a monthly dividend of $0.267 per share, representing a 4.9% annualized yield, while insiders bought roughly 48,496 shares worth $3.4 million over the past 90 days.

Agree Realty Corporation (NYSE:ADC - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $65.80 and last traded at $65.7840, with a volume of 129219 shares traded. The stock had previously closed at $66.81.

Analyst Upgrades and Downgrades

ADC has been the subject of several research analyst reports. Robert W. Baird set a $83.00 target price on Agree Realty in a research report on Friday, July 31st. Barclays boosted their price target on Agree Realty from $84.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. Stifel Nicolaus cut their price objective on shares of Agree Realty from $84.00 to $81.50 and set a "buy" rating for the company in a report on Friday, September 18th. Wall Street Zen lowered shares of Agree Realty from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Huntington started coverage on shares of Agree Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $84.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Agree Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.25.

Agree Realty Stock Down 1.6%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $8.18 billion, a P/E ratio of 35.29, a PEG ratio of 2.21 and a beta of 0.46. The company has a fifty day moving average price of $73.20 and a 200-day moving average price of $75.26.

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

Agree Realty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2670 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 30th. Agree Realty's dividend payout ratio is currently 172.04%.

Insider Activity at Agree Realty

In other Agree Realty news, insider Craig Erlich bought 1,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average cost of $67.55 per share, with a total value of $67,550.00. Following the completion of the acquisition, the insider owned 60,388 shares in the company, valued at $4,079,209.40. This trade represents a 1.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Rakolta, Jr. purchased 20,000 shares of Agree Realty stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the transaction, the director directly owned 654,602 shares of the company's stock, valued at $45,023,525.56. The trade was a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agree Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its holdings in shares of Agree Realty by 16.6% in the 2nd quarter. QRG Capital Management Inc. now owns 4,809 shares of the real estate investment trust's stock valued at $364,000 after acquiring an additional 685 shares during the last quarter. Community Bank of Raymore increased its stake in Agree Realty by 11.5% during the second quarter. Community Bank of Raymore now owns 44,624 shares of the real estate investment trust's stock worth $3,380,000 after acquiring an additional 4,600 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Agree Realty during the second quarter worth approximately $51,000. NewEdge Advisors LLC raised its position in Agree Realty by 2,367.6% during the second quarter. NewEdge Advisors LLC now owns 2,739 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 2,628 shares during the period. Finally, Squarepoint Ops LLC raised its position in Agree Realty by 103.4% during the second quarter. Squarepoint Ops LLC now owns 86,373 shares of the real estate investment trust's stock valued at $6,542,000 after purchasing an additional 43,912 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.

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