Stifel Nicolaus Cuts Agree Realty (NYSE:ADC) Price Target to $81.50

Agree Realty (NYSE:ADC) had its price objective decreased by Stifel Nicolaus from $84.00 to $81.50 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 19.57% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. 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. Robert W. Baird set a $83.00 price objective on Agree Realty in a research report on Friday, July 31st. Mizuho cut their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.25.

Agree Realty Stock Down 0.5%

ADC stock opened at $68.16 on Friday. Agree Realty has a fifty-two week low of $67.93 and a fifty-two week high of $82.08. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.24 and a beta of 0.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day moving average is $75.37 and its two-hundred day moving average is $76.12.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, analysts forecast that Agree Realty will post 4.45 earnings per share for the current year.

Insider Buying and Selling

In other Agree Realty news, CEO Joey Agree purchased 7,360 shares of Agree Realty stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the transaction, the chief executive officer owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This trade represents a 1.09% increase in their position. The acquisition 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 the stock in a transaction on Wednesday, September 16th. The shares were acquired at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the transaction, the director directly owned 654,602 shares of the company’s stock, valued at $45,023,525.56. The trade was a 3.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 47,496 shares of company stock valued at $3,351,120 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Agree Realty

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Agree Realty in the 2nd quarter valued at about $1,447,551,000. Cohen & Steers Inc. raised its position in shares of Agree Realty by 4.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,094,952 shares of the real estate investment trust’s stock worth $1,015,324,000 after acquiring an additional 649,301 shares in the last quarter. Principal Financial Group Inc. boosted its position in Agree Realty by 5.4% during the first quarter. Principal Financial Group Inc. now owns 4,526,088 shares of the real estate investment trust’s stock valued at $341,180,000 after purchasing an additional 232,532 shares in the last quarter. Centersquare Investment Management LLC grew its stake in Agree Realty by 13.9% in the fourth quarter. Centersquare Investment Management LLC now owns 3,299,172 shares of the real estate investment trust’s stock valued at $237,639,000 after purchasing an additional 402,943 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Agree Realty by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 2,509,922 shares of the real estate investment trust’s stock valued at $180,823,000 after buying an additional 117,346 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

More Agree Realty News

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

• Positive Sentiment: CEO Joey Agree purchased 7,360 shares for approximately $501,000, while Director John Rakolta Jr. bought 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider purchases may signal that management views the recent decline as an attractive entry point. Agree Realty CEO buys 7,360 shares
• Positive Sentiment: Agree Realty also declared its regular monthly dividend of $0.267 per share, equivalent to an annualized yield of roughly 4.7% at recent prices. The income profile may provide support for dividend-focused investors. Agree Realty dividend and insider activity
• Neutral Sentiment: The company priced $400 million of senior unsecured notes due 2036 at a 5.650% coupon and a 5.849% effective yield. The proceeds improve funding capacity for acquisitions and other corporate needs, but the relatively high borrowing cost will increase interest expense. Agree Realty prices $400 million senior notes
• Negative Sentiment: Mizuho cut its price target for Agree Realty from $80 to $72 and maintained a “neutral” rating. While the revised target still implies upside, the reduction reflects more limited near-term expectations and is likely weighing on the shares.
• Negative Sentiment: The latest quarterly results included adjusted EPS of $0.44, below the $0.48 consensus estimate, despite revenue exceeding forecasts and rising 16.8% year over year. The earnings miss and higher financing costs remain concerns, although management’s full-year 2026 EPS guidance is $4.57–$4.59.

About Agree Realty

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.