Agree Realty (NYSE:ADC – Get Free Report) had its price objective lowered by analysts at Mizuho from $86.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 4.48% from the company’s current price.
ADC has been the subject of a number of other research reports. Raymond James Financial increased their target price on shares of Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 17th. Barclays increased their price target on shares of Agree Realty from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. UBS Group raised their target price on shares of Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Weiss Ratings raised shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.93.
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Agree Realty Price Performance
Agree Realty (NYSE:ADC – Get Free Report) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $211.49 million during the quarter, compared to analyst estimates of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities analysts forecast that Agree Realty will post 4.43 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC grew its holdings in shares of Agree Realty by 192.1% in the fourth 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 during the last quarter. Westside Investment Management Inc. increased its position in Agree Realty by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Wiser Advisor Group LLC purchased a new position in Agree Realty during the 3rd quarter valued at $32,000. Clearstead Advisors LLC increased its position in Agree Realty by 163.8% during the 4th 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, Creative Financial Designs Inc. ADV increased its position in Agree Realty by 71.1% during the 4th 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 during the period. Institutional investors 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.
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