Agree Realty (NYSE:ADC) Hits New 1-Year Low After Analyst Downgrade

Agree Realty Corporation (NYSE:ADC) shares reached a new 52-week low during mid-day trading on Wednesday after BNP Paribas Exane lowered their price target on the stock from $84.00 to $74.00. BNP Paribas Exane currently has a neutral rating on the stock. Agree Realty traded as low as $64.34 and last traded at $64.41, with a volume of 2,346,965 shares changing hands. The stock had previously closed at $67.08.

Several other equities analysts also recently commented on the company. Wells Fargo & Company lowered their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Truist Financial assumed coverage on shares of Agree Realty in a research note on Thursday, October 1st. They issued a “buy” rating and a $75.00 target price on the stock. Robert W. Baird dropped their target price on shares of Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Mizuho dropped their target price on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.82.

Insider Activity at Agree Realty

In other Agree Realty news, Director John Rakolta, Jr. bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the purchase, the director directly owned 654,602 shares in the company, valued at $45,023,525.56. This trade represents a 3.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Erlich bought 1,000 shares of the stock in a transaction on 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 acquisition, the insider directly owned 60,388 shares in the company, valued at approximately $4,079,209.40. The trade was a 1.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 48,496 shares of company stock worth $3,418,670 in the last 90 days. 1.80% of the stock is owned by company insiders.

Trending Headlines about Agree Realty

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

• Positive Sentiment: Third-quarter results exceeded expectations. Agree Realty reported adjusted FFO of $1.15 per share, ahead of the $1.14 consensus estimate and up from $1.10 a year earlier. Revenue rose 16.7% year over year to $213.9 million, slightly above expectations. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised full-year guidance. Agree Realty increased its 2026 AFFO-per-share outlook to $4.58-$4.59. The retail net-lease REIT also reported a highly occupied portfolio—approximately 99.8% leased—along with $2.0 billion of liquidity and $357.7 million of third-quarter property investments. Agree Realty Reports Third-Quarter Results
• Neutral Sentiment: Analysts still see upside, but estimates are being reset. Robert W. Baird lowered its target from $77 to $76 while retaining an “outperform” rating. Wells Fargo reportedly reduced its target to $79, and BNP Paribas Exane cut its target from $84 to $74 and moved to “neutral.” The lower targets may weigh on sentiment even though they remain above the current share price. Wells Fargo Cuts Agree Realty Price Target
• Negative Sentiment: Capital raising increases near-term concerns. Agree Realty issued $400 million of senior notes and settled 5.7 million forward-equity shares for $425.7 million during the quarter. While these transactions support acquisitions and liquidity, the debt expense and potential equity dilution can limit per-share growth and may contribute to the stock’s weakness. Agree Realty Reports Third-Quarter Earnings

Institutional Investors Weigh In On Agree Realty

Several hedge funds and other institutional investors have recently modified their holdings of ADC. Crossmark Global Holdings Inc. raised its stake in shares of Agree Realty by 13.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,808 shares of the real estate investment trust’s stock valued at $655,000 after buying an additional 1,172 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Agree Realty by 6.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,168 shares of the real estate investment trust’s stock worth $2,350,000 after acquiring an additional 2,204 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Agree Realty by 3.5% during the 3rd 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 period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Agree Realty by 18.0% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 479,925 shares of the real estate investment trust’s stock valued at $32,064,000 after acquiring an additional 73,317 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Agree Realty by 11.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,159 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 739 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Stock Performance

The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.42. 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 debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results 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. The firm had revenue of $213.88 million during the quarter, compared to analyst estimates of $211.52 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. Sell-side analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.2710 dividend. The ex-dividend date is Friday, October 30th. This represents a $3.25 annualized dividend and a dividend yield of 5.0%. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. Agree Realty’s dividend payout ratio is currently 172.04%.

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.