Agree Realty Corporation (NYSE:ADC) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Agree Realty Corporation (NYSE:ADC) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $82.00.

A number of equities research analysts have recently issued reports on ADC shares. Mizuho lowered their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Robert W. Baird set a $83.00 target price on Agree Realty in a report on Friday, July 31st. Stifel Nicolaus reduced their price target on Agree Realty from $84.00 to $81.50 and set a “buy” rating on the stock in a research report on Friday, September 18th. Wells Fargo & Company decreased their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Finally, Truist Financial started coverage on shares of Agree Realty in a research report on Thursday, October 1st. They issued a “buy” rating and a $75.00 price objective for the company.

Agree Realty Trading Up 2.1%

NYSE ADC opened at $67.22 on Wednesday. Agree Realty has a one year low of $64.43 and a one year high of $82.08. The company’s 50 day moving average price is $69.91 and its 200 day moving average price is $74.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 2.21 and a beta of 0.42.

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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.68. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $225.69 million during the quarter, compared to the consensus estimate of $211.52 million. During the same period in the previous year, the firm earned $1.10 earnings per share. Agree Realty’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, sell-side analysts predict that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2710 per share. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.8%. Agree Realty’s dividend payout ratio is presently 172.04%.

Insider Transactions at Agree Realty

In other news, insider Craig Erlich bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the completion of the purchase, the insider owned 60,388 shares of the company’s stock, valued at $4,079,209.40. This trade represents a 1.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Rakolta, Jr. purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the completion of the acquisition, the director owned 654,602 shares in the company, valued at approximately $45,023,525.56. This represents a 3.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 48,496 shares of company stock valued at $3,418,670. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

A number of institutional investors have recently added to or reduced their stakes in ADC. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Agree Realty by 6.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,168 shares of the real estate investment trust’s stock valued at $2,350,000 after acquiring an additional 2,204 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Agree Realty by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 73,183 shares of the real estate investment trust’s stock worth $4,888,000 after acquiring an additional 2,446 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Agree Realty by 18.0% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 479,925 shares of the real estate investment trust’s stock worth $32,064,000 after acquiring an additional 73,317 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Agree Realty by 11.5% in the third quarter. Farther Finance Advisors LLC now owns 7,159 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 739 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Agree Realty by 172.2% in the third quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Trending Headlines about Agree Realty

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

• Positive Sentiment: Earnings and revenue exceeded expectations. Agree Realty reported third-quarter FFO of $1.15 per share, ahead of the $1.14 Zacks consensus and up from $1.10 a year earlier. Reported revenue also surpassed estimates, while year-over-year revenue growth was approximately 17%. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its outlook. Agree Realty increased 2026 AFFO-per-share guidance to $4.58-$4.59, signaling confidence in operating performance and future cash-flow growth. The REIT also maintained a highly occupied portfolio, which was approximately 99.8% leased at quarter-end.
• Positive Sentiment: Acquisition activity remains strong. The company invested approximately $357.7 million in 94 retail net-lease properties during the quarter. Outside analysis highlighted acquisition yields of roughly 7.3%, suggesting potential for accretive growth if financing costs and property fundamentals remain favorable. Agree Realty: 7.3% Acquisitions, $75 Equity, and a $67 Stock
• Neutral Sentiment: Growth was supported by additional capital. Agree Realty raised $425.7 million through forward-equity settlements and completed a $400 million senior-notes offering. The funding improves liquidity—approximately $2 billion was available at quarter-end—but may increase interest expense and share-count dilution.
• Neutral Sentiment: The company declared monthly dividends of $0.267 per share for July, August and September, reinforcing ADC’s appeal to income-oriented investors. However, broader commentary continues to focus on the sensitivity of REIT valuations to interest rates.
• Negative Sentiment: Wells Fargo reduced its price target from $83 to $79, although it retained an “overweight” rating. The lower target reflects a more cautious valuation view despite the analysts’ continued expectation of upside. Wells Fargo Price Target Update

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.