Agree Realty (ADC) Stock Price, News & Analysis

Company Overview

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust focused on acquiring, developing, and managing single-tenant, net leased properties across the United States. As one of the largest net lease REITs by number of properties, Agree Realty specializes in long-term, triple-net lease arrangements that shift property expenses such as taxes, insurance and maintenance to tenants, providing predictable cash flows and capital preservation for shareholders.

The company’s core strategy centers on sale-leaseback and build-to-suit transactions with high-quality tenants operating in essential retail, restaurant, convenience, automotive service, and pharmacy sectors. With a geographically diverse portfolio spanning more than 40 states, Agree Realty emphasizes locations with strong demographic trends, stable consumer demand, and strategic proximity to population centers, transportation corridors and complementary retailers.

Agree Realty’s portfolio features over 900 properties leased to leading national and regional brands, including quick-service restaurants, convenience stores, automotive repair chains and drugstore operators. The company maintains active partnerships with investment-grade tenants as well as proven creditworthy regional operators, balancing growth opportunities with portfolio diversification. Leveraging its in-house development and acquisition teams, Agree Realty continuously seeks to expand through disciplined underwriting, flexible capital solutions and structured lease terms tailored to tenant needs.

Founded in 1979 and headquartered in Cleveland, Ohio, Agree Realty has evolved from a regional property owner into a national REIT. Under the leadership of Edward B. Aldag, Jr., the company has built a track record of dividend growth and operational excellence while maintaining a conservative balance sheet. With a commitment to responsible growth and tenant service, Agree Realty aims to deliver sustainable shareholder returns through strategic acquisitions, targeted developments and proactive asset management.

Key Stats

• Today's Range: $70.45 to $71.95
• 50-Day Range: $70.97 to $76.71
• 52-Week Range: $62.70 to $79.65
• Volume: 2.13 million shs
• Average Volume: 1.10 million shs
• Market Capitalization: $7.88 billion
• P/E Ratio: 40.45
• Dividend Yield: 4.29%
• Price Target: $80.54
• Consensus Rating: Moderate Buy

Agree Realty Stock Analysis - MarketRank™

Agree Realty scored higher than 87% of companies evaluated by MarketBeat, and ranked 221st out of 906 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: 3.3 / 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 9 buy ratings, 6 hold ratings, and no sell ratings.

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: 4.68%

Earnings Growth

Earnings for Agree Realty are expected to grow by 4.68% in the coming year, from $4.27 to $4.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Agree Realty is 40.44, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Agree Realty is 40.44, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.02.

Price to Earnings Growth Ratio

Agree Realty has a PEG Ratio of 2.25. 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 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.59% 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 8.8.

Change versus previous month

Short interest in Agree Realty has recently decreased by 2.47%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Agree Realty is a leading dividend payer. It pays a dividend yield of 4.30%, 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 173.45%. 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 68.68% next year. This indicates that Agree Realty will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -1.44

Percentage of Shares Shorted

10.59% 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 8.8.

Change versus previous month

Short interest in Agree Realty has recently decreased by 2.47%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.21

News Sentiment

Agree Realty has a news sentiment score of 1.21. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Agree Realty this week, compared to 13 articles on an average week.

Search Interest

11 people have searched for ADC on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Agree Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Agree Realty insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 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.

ADC Stock Analysis - Frequently Asked Questions

How have ADC shares performed this year?

Agree Realty's stock was trading at $70.45 on January 1st, 2025. Since then, ADC stock has increased by 1.6% and is now trading at $71.57.

How were Agree Realty's earnings last quarter?

Agree Realty Corporation (NYSE:ADC) issued its earnings results on Tuesday, April, 22nd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. The real estate investment trust earned $169.16 million during the quarter, compared to the consensus estimate of $167.77 million. Agree Realty had a trailing twelve-month return on equity of 3.66% and a net margin of 30.05%.
Read the conference call transcript.

Who are Agree Realty's major shareholders?

Top institutional shareholders of Agree Realty include Exchange Traded Concepts LLC (0.06%), Community Trust & Investment Co. (0.04%), Sumitomo Mitsui DS Asset Management Company Ltd (0.02%) and IFM Investors Pty Ltd (0.02%). Insiders that own company stock include Joey Agree, John Rakolta Jr, Richard Agree, Craig Erlich, Greg Lehmkuhl, Stephen Breslin and Peter Coughenour.
View institutional ownership trends.

How do I buy shares of Agree Realty?

Shares of ADC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Agree Realty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Agree Realty investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 4/22/2025
• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Today: 7/11/2025
• Dividend Payable: 7/15/2025
• Record date for 8/1 Dividend: 7/22/2025
• Next Earnings (Confirmed): 7/31/2025
• Dividend Payable: 8/01/2025
• Fiscal Year End: 12/31/2025

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: $80.96
• High Price Target: $88.00
• Low Price Target: $77.00
• Potential Upside/Downside: +14.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.77
• Trailing P/E Ratio: 40.11
• Forward P/E Ratio: 16.63
• P/E Growth: 2.25
• Net Income: $189.20 million
• Net Margins: 30.05%
• Pretax Margin: 30.15%
• Return on Equity: 3.66%
• Return on Assets: 2.29%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 0.72
• Quick Ratio: 0.72

Sales & Book Value

• Annual Sales: $636.80 million
• Price / Sales: 12.27
• Cash Flow: $4.21 per share
• Price / Cash Flow: 16.86
• Book Value: $51.54 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 110,019,000
• Free Float: 108,039,000
• Market Cap: $7.81 billion
• Optionable: Optionable
• Beta: 0.54