Investment Analysts’ Weekly Ratings Changes for Agree Realty (ADC)

Agree Realty (NYSE: ADC) recently received a number of ratings updates from brokerages and research firms:

• 1/8/2025 – Agree Realty had its price target lowered by analysts at Mizuho from $80.00 to $74.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Agree Realty was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – Agree Realty had its price target lowered by analysts at Royal Bank of Canada from $80.00 to $79.00. They now have an “outperform” rating on the stock.
• 1/7/2025 – Agree Realty had its price target lowered by analysts at Stifel Nicolaus from $81.50 to $81.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Agree Realty was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $84.00 price target on the stock, up previously from $79.00.
• 12/17/2024 – Agree Realty is now covered by analysts at Barclays PLC. They set an “underweight” rating and a $76.00 price target on the stock.
• 12/17/2024 – Agree Realty was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
• 12/17/2024 – Agree Realty was downgraded by analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating.
• 12/17/2024 – Agree Realty was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/12/2024 – Agree Realty is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $82.00 price target on the stock.
• 12/11/2024 – Agree Realty is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $88.00 price target on the stock.
• 12/9/2024 – Agree Realty was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/27/2024 – Agree Realty had its price target raised by analysts at BTIG Research from $74.00 to $78.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Agree Realty was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/14/2024 – Agree Realty was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/14/2024 – Agree Realty had its price target raised by analysts at UBS Group AG from $77.00 to $79.00. They now have a “neutral” rating on the stock.
• 11/14/2024 – Agree Realty had its price target raised by analysts at Mizuho from $75.00 to $80.00. They now have a “neutral” rating on the stock.

Agree Realty Stock Down 0.6 %

Shares of ADC opened at $69.65 on Friday. Agree Realty Co. has a one year low of $54.28 and a one year high of $78.39. The company has a market cap of $7.21 billion, a P/E ratio of 38.48, a P/E/G ratio of 3.66 and a beta of 0.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $73.67 and a two-hundred day simple moving average of $72.04.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.61). Agree Realty had a net margin of 31.62% and a return on equity of 3.77%. The firm had revenue of $154.33 million for the quarter, compared to analyst estimates of $152.83 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts forecast that Agree Realty Co. will post 4.12 EPS for the current fiscal year.

Agree Realty Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.253 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.36%. Agree Realty’s payout ratio is presently 167.40%.

Institutional Trading of Agree Realty

A number of hedge funds and other institutional investors have recently modified their holdings of ADC. Versant Capital Management Inc grew its stake in shares of Agree Realty by 230.7% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 293 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Agree Realty by 232.0% in the second quarter. Headlands Technologies LLC now owns 1,142 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 798 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Agree Realty by 44.5% in the third quarter. UMB Bank n.a. now owns 971 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 299 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Agree Realty in the third quarter worth $75,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Agree Realty in the third quarter worth $77,000. Institutional investors own 97.83% of the company’s stock.

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.