Agree Realty Corporation (NYSE:ADC) Stock Has Average Target Price of $82.00 According to Brokerages

Posted by George Bondi on Oct 28th, 2026

Agree Realty Corporation (NYSE:ADC – Get Free Report) has received an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $79.85.

Several analysts have commented on ADC shares. Wells Fargo & Company decreased their price target on shares of Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Robert W. Baird cut their price objective on shares of Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Wall Street Zen upgraded shares of Agree Realty from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 20th. Finally, Mizuho dropped their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th.

View Our Latest Research Report on Agree Realty

Insider Activity

In related news, Director John Rakolta, Jr. acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the completion of the acquisition, the director directly owned 654,602 shares in the company, valued at $45,023,525.56. The trade was a 3.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joey Agree acquired 7,360 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $68.06 per share, with a total value of $500,921.60. Following the completion of the transaction, the chief executive officer directly owned 682,465 shares in the company, valued at $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 48,496 shares of company stock worth $3,418,670 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADC. BlackRock Inc. acquired a new position in Agree Realty in the second quarter valued at approximately $1,447,551,000. Principal Financial Group Inc. raised its position in shares of Agree Realty by 5.4% in the first quarter. Principal Financial Group Inc. now owns 4,526,088 shares of the real estate investment trust’s stock worth $341,180,000 after acquiring an additional 232,532 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Agree Realty by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,771,018 shares of the real estate investment trust’s stock worth $133,498,000 after acquiring an additional 89,009 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Agree Realty during the 2nd quarter worth about $130,921,000. Finally, Deutsche Bank AG purchased a new stake in shares of Agree Realty during the 2nd quarter worth about $104,747,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty Price Performance

ADC opened at $66.90 on Wednesday. Agree Realty has a 12-month low of $64.34 and a 12-month high of $82.08. The business’s fifty day simple moving average is $69.14 and its 200-day simple moving average is $74.54.

Agree Realty (NYSE:ADC – Get Free Report) last posted its quarterly 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 business had revenue of $213.88 million during the quarter, compared to the consensus estimate of $211.52 million. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Equities analysts predict that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.2710 per share. The ex-dividend date is Friday, October 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.2670. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.9%.

About Agree Realty

(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.