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

Agree Realty Corporation (NYSE:ADC)’s share price reached a new 52-week low during 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 traded. The stock had previously closed at $67.08.

A number of other brokerages have also recently weighed in on ADC. Weiss Ratings cut Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Mizuho cut their price objective on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. 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. Stifel Nicolaus reduced their target price on shares of Agree Realty from $81.50 to $76.50 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and an average target price of $80.82.

Insider Activity

In related news, insider Craig Erlich bought 1,000 shares of Agree Realty stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the completion of the transaction, the insider owned 60,388 shares of the company’s stock, valued at approximately $4,079,209.40. This trade represents a 1.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Rakolta, Jr. acquired 20,000 shares of Agree Realty stock in a transaction on Wednesday, September 16th. The shares were purchased at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 48,496 shares of company stock worth $3,418,670. Insiders own 1.80% of the company’s stock.

More Agree Realty News

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 Trading of Agree Realty

Institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings 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 valued at $655,000 after purchasing an additional 1,172 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake 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 valued at $2,350,000 after buying an additional 2,204 shares during the period. State of Alaska Department of Revenue lifted its stake 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 valued at $4,888,000 after buying an additional 2,446 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in 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 buying an additional 73,317 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Agree Realty by 11.5% during the third quarter. Farther Finance Advisors LLC now owns 7,159 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 739 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Stock Performance

The stock has a market cap of $8.01 billion, a P/E ratio of 34.63, a PEG ratio of 2.21 and a beta of 0.42. The stock has a fifty day simple moving average of $69.91 and a 200-day simple moving average of $74.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $0.47 by $0.68. The firm had revenue of $213.88 million during the quarter, compared to the consensus estimate of $211.52 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Equities analysts expect that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

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

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.