Agree Realty (NYSE:ADC) Stock Moved Up to Hold by Wall Street Zen

Posted by Brian Himes on Oct 25th, 2026

Wall Street Zen upgraded shares of Agree Realty (NYSE:ADC – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research firms have also weighed in on ADC. Wells Fargo & Company reduced their target price on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Huntington began coverage on Agree Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target on the stock. Barclays lowered their price target on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings downgraded shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Stifel Nicolaus cut their price objective on shares of Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.09.

Get Our Latest Stock Analysis on ADC

Agree Realty Price Performance

Shares of NYSE ADC opened at $66.78 on Friday. The stock has a market cap of $8.69 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.96 and a beta of 0.42. Agree Realty has a fifty-two week low of $64.34 and a fifty-two week high of $82.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.01. The stock has a fifty day moving average of $69.39 and a 200-day moving average of $74.00.

Agree Realty (NYSE:ADC – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.68. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $211.52 million. Agree Realty had a return on equity of 4.00% and a net margin of 29.75%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Equities research analysts anticipate that Agree Realty will post 4.45 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. This represents a $3.25 annualized dividend and a dividend yield of 4.9%. Agree Realty’s payout ratio is currently 164.95%.

Insider Transactions at Agree Realty

In other Agree Realty news, insider Craig Erlich acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $67.55 per share, with a total value of $67,550.00. Following the completion of the purchase, the insider owned 60,388 shares of the company’s stock, valued at approximately $4,079,209.40. This 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 this link. Also, Director John Rakolta, Jr. bought 20,000 shares of Agree Realty stock in a transaction that occurred 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 completion of the transaction, the director owned 654,602 shares of the company’s stock, valued at $45,023,525.56. This represents a 3.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 48,496 shares of company stock valued at $3,418,670. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Agree Realty

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in Agree Realty by 159.8% during the second quarter. Wellington Management Group LLP now owns 184,545 shares of the real estate investment trust’s stock valued at $13,977,000 after purchasing an additional 113,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Agree Realty by 7.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,592 shares of the real estate investment trust’s stock worth $58,916,000 after buying an additional 54,478 shares in the last quarter. Readystate Asset Management LP purchased a new position in Agree Realty in the 2nd quarter worth approximately $2,384,000. Louisiana State Employees Retirement System purchased a new position in Agree Realty in the 1st quarter worth approximately $2,616,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Agree Realty by 25.5% in the 4th quarter. Hsbc Holdings PLC now owns 295,693 shares of the real estate investment trust’s stock worth $21,299,000 after buying an additional 60,159 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Key Stories Impacting Agree Realty

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

Positive Sentiment: RBC Capital maintained a Buy rating on Agree Realty, signaling continued confidence in the REIT’s long-term income and growth prospects. RBC Capital Remains a Buy on Agree Realty
Positive Sentiment: Third-quarter results exceeded expectations, with revenue rising 16.7% year over year to $213.9 million and reported EPS of $1.15 versus the $0.47 consensus estimate. Management also raised its AFFO outlook, supporting the company’s dividend and valuation case. Agree Realty Q3 Earnings Lift AFFO Outlook
Positive Sentiment: Agree Realty’s retail portfolio reached 99.8% occupancy in the third quarter, highlighting resilient tenant demand and stable rental cash flows. The company also increased its dividend, strengthening its appeal to income-focused investors. Agree Realty: 3 Key Takeaways
Neutral Sentiment: An analysis argues that the selloff has created a more attractive income opportunity, but investors still must weigh interest-rate sensitivity and the REIT’s funding requirements. The Selloff Has Created an Attractive Income Opportunity
Negative Sentiment: Citigroup lowered its price target from $82.50 to $72 and assigned a Neutral rating, reflecting limited expected upside and concerns about valuation or financing conditions. Citigroup recommendations
Negative Sentiment: BNP Paribas Exane cut its price target, while Robert W. Baird issued a pessimistic forecast. These revisions add to the negative analyst sentiment surrounding ADC. BNP Paribas Exane price target cut Baird forecast
Negative Sentiment: Management reduced its 2026 investment-volume guidance to $1.6 billion, and analysts continue to flag funding risks. Slower acquisition activity could constrain Agree Realty’s external growth. Agree Realty Q3 Earnings

Agree Realty Company Profile

(Get Free Report)

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.