Agree Realty (NYSE:ADC) Releases Earnings Results, Misses Expectations By $0.04 EPS

Posted by Brian Himes on Jul 31st, 2026

Agree Realty (NYSE:ADC – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04), FiscalAI reports. The firm had revenue of $216.33 million during the quarter, compared to analysts’ expectations of $204.53 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. Agree Realty’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 EPS. Agree Realty updated its FY 2026 guidance to 4.570-4.590 EPS.

Agree Realty Trading Down 1.0%

Shares of ADC stock traded down $0.81 during trading hours on Friday, reaching $77.60. The company’s stock had a trading volume of 360,161 shares, compared to its average volume of 1,227,200. The stock has a market capitalization of $9.32 billion, a P/E ratio of 41.98, a P/E/G ratio of 2.67 and a beta of 0.47. Agree Realty has a one year low of $69.56 and a one year high of $82.08. The firm’s fifty day simple moving average is $76.47 and its 200 day simple moving average is $76.46. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.267 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 4.1%. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

Analyst Upgrades and Downgrades

ADC has been the subject of several recent research reports. Robert W. Baird set a $83.00 price objective on Agree Realty in a report on Friday. Royal Bank Of Canada increased their target price on Agree Realty from $81.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. BMO Capital Markets downgraded shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a report on Friday, April 17th. Finally, Huntington started coverage on shares of Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 target price on the stock. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.94.

Read Our Latest Stock Analysis on Agree Realty

Insider Activity at Agree Realty

In other Agree Realty news, Chairman Richard Agree purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $71.41 per share, with a total value of $357,050.00. Following the completion of the purchase, the chairman directly owned 90,512 shares of the company’s stock, valued at $6,463,461.92. The trade was a 5.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Greg Lehmkuhl acquired 750 shares of Agree Realty stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the completion of the transaction, the director owned 34,465 shares in the company, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 19,045 shares of company stock worth $1,415,943 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Agree Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC purchased a new position in shares of Agree Realty during the 3rd quarter worth approximately $32,000. Transamerica Financial Advisors LLC boosted its position in shares of Agree Realty by 214.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 373 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Agree Realty by 158.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 356 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Agree Realty in the third quarter worth $59,000. Finally, Danske Bank A S bought a new position in Agree Realty in the third quarter worth $64,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Agree Realty Company Profile

(Get Free Report)

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.