Agree Realty (NYSE:ADC – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 4.570-4.590 for the period, compared to the consensus estimate of 4.450. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ADC shares. Barclays raised their target price on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Robert W. Baird increased their price target on Agree Realty from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Morgan Stanley set a $81.00 price target on Agree Realty in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their price objective on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group assumed coverage on Agree Realty in a research report on Monday, June 1st. They issued a “buy” rating and a $84.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.88.
Get Our Latest Report on Agree Realty
Agree Realty Stock Performance
Agree Realty (NYSE:ADC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.66. The company had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, analysts expect that Agree Realty will post 4.45 earnings per share for the current year.
Agree Realty Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.267 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 4.1%. Agree Realty’s payout ratio is presently 172.97%.
Insiders Place Their Bets
In other Agree Realty news, CEO Joey Agree purchased 13,295 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $75.41 per share, with a total value of $1,002,575.95. Following the completion of the acquisition, the chief executive officer owned 675,105 shares of the company’s stock, valued at approximately $50,909,668.05. This trade represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard Agree acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the completion of the purchase, the chairman owned 90,512 shares of the company’s stock, valued at approximately $6,463,461.92. This represents a 5.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 19,045 shares of company stock worth $1,415,943. 1.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Agree Realty
Several large investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Agree Realty by 1.6% in the fourth quarter. State Street Corp now owns 5,884,291 shares of the real estate investment trust’s stock valued at $425,350,000 after acquiring an additional 91,766 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Agree Realty by 41.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,843,441 shares of the real estate investment trust’s stock worth $204,813,000 after purchasing an additional 826,719 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Agree Realty by 0.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,362,396 shares of the real estate investment trust’s stock worth $167,825,000 after purchasing an additional 15,389 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Agree Realty by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,955,974 shares of the real estate investment trust’s stock worth $140,889,000 after purchasing an additional 132,465 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Agree Realty by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,682,009 shares of the real estate investment trust’s stock valued at $121,158,000 after purchasing an additional 56,609 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.
About Agree Realty
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.
Read More
- Five stocks we like better than Agree Realty
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Agree Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agree Realty and related companies with MarketBeat.com's FREE daily email newsletter.
