BNP Paribas Exane Has Lowered Expectations for Agree Realty (NYSE:ADC) Stock Price

Agree Realty (NYSE:ADC) had its price target lowered by investment analysts at BNP Paribas Exane from $84.00 to $74.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. BNP Paribas Exane’s price objective indicates a potential upside of 13.20% from the company’s current price.

Several other research firms have also weighed in on ADC. Weiss Ratings lowered Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Mizuho reduced their price target on Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Wells Fargo & Company decreased their price objective on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Huntington began coverage on Agree Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Agree Realty presently has a consensus rating of “Moderate Buy” and an average target price of $80.82.

Agree Realty Stock Down 2.5%

Agree Realty stock traded down $1.71 during trading hours on Wednesday, hitting $65.37. 904,603 shares of the stock traded hands, compared to its average volume of 1,337,398. Agree Realty has a one year low of $64.43 and a one year high of $82.08. The firm’s 50-day moving average price is $69.91 and its two-hundred day moving average price is $74.20. 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 market cap of $8.13 billion, a PE ratio of 35.35, a PEG ratio of 2.21 and a beta of 0.42.

Agree Realty (NYSE:ADC) last posted its earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.68. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. The firm had revenue of $213.88 million for the quarter, compared to the consensus estimate of $211.52 million. During the same quarter in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts forecast that Agree Realty will post 4.45 EPS for the current year.

Insider Activity at Agree Realty

In related news, CEO Joey Agree bought 7,360 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $68.06 per share, with a total value of $500,921.60. Following the completion of the acquisition, the chief executive officer owned 682,465 shares of the company’s stock, valued at $46,448,567.90. The trade was a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Rakolta, Jr. bought 20,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following the completion of the acquisition, the director directly owned 654,602 shares of the company’s stock, valued at approximately $45,023,525.56. This represents a 3.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 48,496 shares of company stock valued at $3,418,670 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

Several institutional investors and hedge funds have recently modified their holdings of ADC. Wellington Management Group LLP raised its position in shares of Agree Realty by 159.8% in the 2nd quarter. Wellington Management Group LLP now owns 184,545 shares of the real estate investment trust’s stock worth $13,977,000 after purchasing an additional 113,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Agree Realty by 7.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,592 shares of the real estate investment trust’s stock worth $58,916,000 after purchasing an additional 54,478 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Agree Realty during the 2nd quarter valued at about $2,384,000. Louisiana State Employees Retirement System purchased a new stake in Agree Realty during the 1st quarter valued at about $2,616,000. Finally, Hsbc Holdings PLC grew its position in Agree Realty by 25.5% during the 4th quarter. Hsbc Holdings PLC now owns 295,693 shares of the real estate investment trust’s stock valued at $21,299,000 after purchasing an additional 60,159 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

Trending Headlines about Agree Realty

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

• Positive Sentiment: Strong quarterly performance: Agree Realty reported third-quarter revenue of approximately $213.9 million, ahead of expectations, while adjusted FFO of $1.15 per share exceeded the $1.14 consensus estimate and increased from $1.10 a year earlier. Revenue grew 16.7% year over year. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Guidance and portfolio remain healthy: Management raised 2026 AFFO-per-share guidance to $4.58-$4.59. The portfolio was approximately 99.8% leased, with 2,888 properties, about $2.0 billion in liquidity and roughly $357.7 million invested across 94 properties during the quarter. Agree Realty Reports Third-Quarter Net Income
• Positive Sentiment: Analysts still see upside: Robert W. Baird maintained an “outperform” rating while lowering its price target modestly from $77 to $76, implying substantial potential appreciation from current levels.
• Neutral Sentiment: Agree Realty completed a $400 million senior-notes offering and settled 5.7 million forward-equity shares for $425.7 million. The financing strengthens acquisition capacity but also adds debt and share-count dilution that investors will monitor.
• Negative Sentiment: Multiple target cuts are weighing on sentiment: Wells Fargo reduced its target from $83 to $79 while retaining an “overweight” rating, and Baird also trimmed its target. Although both firms still project upside, the revisions signal more restrained valuation expectations. Wells Fargo Cuts Agree Realty Price Target

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.