Analysts Set Agree Realty Corporation (NYSE:ADC) Price Target at $83.94

Shares of Agree Realty Corporation (NYSE:ADC) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $83.9375.

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Agree Realty in a research note on Monday, June 1st. They set a “buy” rating and a $84.00 target price for the company. Huntington initiated coverage on Agree Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 price target on the stock. Robert W. Baird set a $83.00 price objective on Agree Realty in a research report on Friday, July 31st. Weiss Ratings raised Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Finally, Barclays raised their target price on Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd.

Insider Activity

In other Agree Realty news, Director John Rakolta, Jr. acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $73.23 per share, with a total value of $1,464,600.00. Following the completion of the acquisition, the director owned 622,061 shares in the company, valued at $45,553,527.03. This represents a 3.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Trust LLC increased its stake in shares of Agree Realty by 192.1% in the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Agree Realty during the third quarter valued at $32,000. Creative Financial Designs Inc. ADV lifted its position in Agree Realty by 71.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 192 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Agree Realty by 163.8% during the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 285 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in Agree Realty by 214.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 373 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty Stock Performance

Shares of NYSE ADC opened at $72.67 on Tuesday. The firm’s 50-day moving average price is $76.43 and its 200-day moving average price is $76.57. Agree Realty has a 52-week low of $69.56 and a 52-week high of $82.08. The company has a market cap of $9.04 billion, a PE ratio of 39.07, a PEG ratio of 2.37 and a beta of 0.46. 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 released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.267 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio is 172.04%.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.