Agree Realty (NYSE:ADC) Stock Gets Price Target Cut from Wells Fargo & Company

Agree Realty (NYSE:ADC) had its price target decreased by Wells Fargo & Company from $83.00 to $79.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Truist Financial assumed 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. Stifel Nicolaus reduced their price target on Agree Realty from $84.00 to $81.50 and set a “buy” rating for the company in a research report on Friday, September 18th. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays raised their price target on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Agree Realty currently has an average rating of “Moderate Buy” and an average price target of $80.82.

Agree Realty Stock Performance

Shares of NYSE ADC opened at $64.41 on Monday. 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 stock has a 50 day simple moving average of $69.71 and a 200-day simple moving average of $74.12. The company has a market cap of $8.01 billion, a PE ratio of 14.77, a P/E/G ratio of 2.25 and a beta of 0.42. Agree Realty has a 12-month low of $64.34 and a 12-month high of $82.08.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.68. Agree Realty had a return on equity of 4.09% and a net margin of 29.75%. The business had revenue of $213.88 million during the quarter, compared to analyst estimates of $211.52 million. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts forecast that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.2710 per share. This represents a $3.25 dividend on an annualized basis and a yield of 5.0%. 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. Agree Realty’s dividend payout ratio is 172.04%.

Insider Buying and Selling at Agree Realty

In other news, CEO Joey Agree acquired 7,360 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were bought at an average price of $68.06 per share, with a total value of $500,921.60. Following the purchase, the chief executive officer owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Erlich acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was purchased at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Agree Realty

Several institutional investors have recently modified their holdings of ADC. Lmcg Investments LLC boosted its stake in Agree Realty by 1.1% during the third quarter. Lmcg Investments LLC now owns 153,668 shares of the real estate investment trust’s stock valued at $10,267,000 after buying an additional 1,623 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Agree Realty by 13.6% in the third quarter. Crossmark Global Holdings Inc. now owns 9,808 shares of the real estate investment trust’s stock worth $655,000 after acquiring an additional 1,172 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Agree Realty by 6.7% in the third 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 in the last quarter. State of Alaska Department of Revenue raised its position in Agree Realty by 3.5% in 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 in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Agree Realty by 18.0% in 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 in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Key Agree Realty News

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

• Positive Sentiment: Agree Realty raised its 2026 adjusted funds-from-operations (AFFO) guidance to $4.58–$4.59 per share, above the $4.45 consensus estimate. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: Third-quarter adjusted FFO was $1.15 per share, ahead of the $1.14 estimate and up from $1.10 a year earlier. Revenue reached $213.9 million, exceeding expectations of $211.5 million and increasing 16.7% year over year. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: The retail net-lease REIT invested approximately $357.7 million in 94 properties, maintained a 99.8% leased portfolio, and reported about $2.0 billion in liquidity. These figures support continued external growth and dividend coverage. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Agree Realty completed a $400 million senior-notes offering and settled 5.7 million forward-equity shares for $425.7 million. The capital supports acquisitions but also increases financing and share-count considerations.
• Negative Sentiment: Analysts lowered their valuation targets: BNP Paribas Exane cut its target to $74 and shifted to a neutral rating, while Robert W. Baird reduced its target to $76 but maintained an outperform rating. Wells Fargo also lowered its target to $79. The revisions may be weighing on sentiment, particularly given REIT exposure to interest-rate expectations. BNP Paribas Exane Lowers 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.