Agree Realty (NYSE:ADC) Raised to Hold at Wall Street Zen

Agree Realty (NYSE:ADC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on ADC. Truist Financial initiated coverage on Agree Realty in a research note on Thursday, October 1st. They set a “buy” rating and a $75.00 target price on the stock. Barclays dropped their price target on Agree Realty from $85.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. Wells Fargo & Company cut their price target on shares of Agree Realty from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Huntington initiated coverage on shares of Agree Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and an average target price of $80.09.

Agree Realty Trading Up 0.1%

ADC opened at $66.78 on Friday. The business has a 50 day simple moving average of $69.39 and a two-hundred day simple moving average of $73.99. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.96 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. Agree Realty has a one year low of $64.34 and a one year high of $82.08.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.68. The business had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $211.52 million. Agree Realty had a return on equity of 4.00% and a net margin of 29.75%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Analysts predict that Agree Realty will post 4.45 EPS for the current year.

Insider Buying and Selling at Agree Realty

In other news, CEO Joey Agree bought 7,360 shares of Agree Realty stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the acquisition, the chief executive officer owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Rakolta, Jr. bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the transaction, the director directly owned 654,602 shares in the company, 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. In the last three months, insiders have bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Agree Realty by 159.8% during the second quarter. Wellington Management Group LLP now owns 184,545 shares of the real estate investment trust’s stock valued at $13,977,000 after purchasing an additional 113,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Agree Realty by 7.5% in the first 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 during the period. Readystate Asset Management LP bought a new position in Agree Realty in the second quarter worth $2,384,000. Louisiana State Employees Retirement System bought a new position in Agree Realty in the first quarter worth $2,616,000. Finally, Hsbc Holdings PLC raised its holdings in Agree Realty by 25.5% in the fourth quarter. Hsbc Holdings PLC now owns 295,693 shares of the real estate investment trust’s stock worth $21,299,000 after purchasing an additional 60,159 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty News Roundup

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

• Positive Sentiment: RBC Capital maintained a Buy rating on Agree Realty, signaling continued confidence in the REIT’s long-term income and growth prospects. RBC Capital Remains a Buy on Agree Realty
• Positive Sentiment: Third-quarter results exceeded expectations, with revenue rising 16.7% year over year to $213.9 million and reported EPS of $1.15 versus the $0.47 consensus estimate. Management also raised its AFFO outlook, supporting the company’s dividend and valuation case. Agree Realty Q3 Earnings Lift AFFO Outlook
• Positive Sentiment: Agree Realty’s retail portfolio reached 99.8% occupancy in the third quarter, highlighting resilient tenant demand and stable rental cash flows. The company also increased its dividend, strengthening its appeal to income-focused investors. Agree Realty: 3 Key Takeaways
• Neutral Sentiment: An analysis argues that the selloff has created a more attractive income opportunity, but investors still must weigh interest-rate sensitivity and the REIT’s funding requirements. The Selloff Has Created an Attractive Income Opportunity
• Negative Sentiment: Citigroup lowered its price target from $82.50 to $72 and assigned a Neutral rating, reflecting limited expected upside and concerns about valuation or financing conditions. Citigroup recommendations
• Negative Sentiment: BNP Paribas Exane cut its price target, while Robert W. Baird issued a pessimistic forecast. These revisions add to the negative analyst sentiment surrounding ADC. BNP Paribas Exane price target cut Baird forecast
• Negative Sentiment: Management reduced its 2026 investment-volume guidance to $1.6 billion, and analysts continue to flag funding risks. Slower acquisition activity could constrain Agree Realty’s external growth. Agree Realty Q3 Earnings

Agree Realty Company Profile

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.