Agree Realty (NYSE:ADC) Stock Price Target Cut by Robert W. Baird

Agree Realty (NYSE:ADC) had its price target dropped by equities research analysts at Robert W. Baird from $77.00 to $76.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 13.07% from the company’s previous close.

Several other equities research analysts have also weighed in on ADC. Weiss Ratings lowered shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Stifel Nicolaus cut their price target 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. Wells Fargo & Company cut their price target on shares of Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Mizuho reduced their price target on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Finally, Barclays decreased their price objective on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Agree Realty currently has an average rating of “Moderate Buy” and an average price target of $81.56.

Agree Realty Price Performance

Shares of ADC stock opened at $67.22 on Wednesday. The stock’s fifty day simple moving average is $69.91 and its 200 day simple moving average is $74.20. Agree Realty has a one year low of $64.43 and a one year high of $82.08. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.21 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, analysts expect that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Insider Activity at Agree Realty

In related news, insider Craig Erlich purchased 1,000 shares of Agree Realty stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average price of $67.55 per share, for a total transaction of $67,550.00. Following the transaction, the insider directly owned 60,388 shares in the company, valued at approximately $4,079,209.40. This represents a 1.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joey Agree purchased 7,360 shares of Agree Realty stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the transaction, the chief executive officer owned 682,465 shares in the company, valued at $46,448,567.90. This represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 48,496 shares of company stock valued at $3,418,670 over the last ninety days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Agree Realty

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Agree Realty during the 2nd quarter valued at $1,447,551,000. Principal Financial Group Inc. lifted its stake in shares of Agree Realty by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,526,088 shares of the real estate investment trust’s stock valued at $341,180,000 after purchasing an additional 232,532 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Agree Realty by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,771,018 shares of the real estate investment trust’s stock valued at $133,498,000 after purchasing an additional 89,009 shares during the period. Bank of America Corp DE acquired a new position in shares of Agree Realty in the 2nd quarter valued at $130,921,000. Finally, Deutsche Bank AG bought a new position in shares of Agree Realty in the 2nd quarter worth $104,747,000. 97.83% of the stock is owned by institutional investors.

Key Headlines Impacting Agree Realty

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

• Positive Sentiment: Third-quarter adjusted funds from operations (FFO) increased to $1.15 per share, exceeding the $1.14 consensus estimate and rising from $1.10 a year earlier. Revenue reached approximately $213.9 million, ahead of FactSet’s $211.5 million forecast. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: ADC raised its 2026 adjusted FFO-per-share guidance to $4.58-$4.59, signaling improved expectations for operating performance. The company also completed approximately $357.7 million of investments across 94 retail net-lease properties. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: The portfolio expanded to 2,888 properties and remained approximately 99.8% leased. ADC reported roughly $2.0 billion in liquidity and continued its monthly dividend at $0.267 per share, supporting the stock’s income-investment appeal. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Wells Fargo lowered its ADC price target from $83 to $79 but retained an “overweight” rating. The reduced target may weigh on sentiment, although it still implies substantial upside from the reference price. Wells Fargo Cuts Target to $79
• Negative Sentiment: ADC funded growth partly through a $425.7 million forward-equity settlement and issued $400 million of senior notes. While these transactions improve acquisition capacity, the equity issuance can dilute shareholders and higher financing costs remain a risk for a rate-sensitive REIT. Agree Realty Acquisitions, Equity and Stock Analysis

About Agree Realty

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.