Joey Agree Buys 7,360 Shares of Agree Realty (NYSE:ADC) Stock

Posted by Geri Gentry on Sep 19th, 2026

Agree Realty Corporation (NYSE:ADC – Get Free Report) CEO Joey Agree bought 7,360 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of $68.06 per share, with a total value of $500,921.60. Following the transaction, the chief executive officer owned 682,465 shares of the company’s stock, valued at $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Agree Realty Trading Down 0.2%

Shares of ADC opened at $68.02 on Friday. The stock’s fifty day simple moving average is $75.17 and its 200-day simple moving average is $76.06. The firm has a market capitalization of $8.46 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.46. Agree Realty Corporation has a 12-month low of $67.70 and a 12-month high of $82.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty (NYSE:ADC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The firm had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. Agree Realty’s revenue for the quarter was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, research analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Agree Realty’s payout ratio is 172.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ADC. Community Bank of Raymore grew its holdings in shares of Agree Realty by 11.5% in the 2nd quarter. Community Bank of Raymore now owns 44,624 shares of the real estate investment trust’s stock valued at $3,380,000 after buying an additional 4,600 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Agree Realty during the 2nd quarter worth $51,000. NewEdge Advisors LLC raised its stake in Agree Realty by 2,367.6% during the 2nd quarter. NewEdge Advisors LLC now owns 2,739 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,628 shares during the period. Squarepoint Ops LLC lifted its holdings in Agree Realty by 103.4% during the second quarter. Squarepoint Ops LLC now owns 86,373 shares of the real estate investment trust’s stock worth $6,542,000 after acquiring an additional 43,912 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Agree Realty by 4.9% during the second quarter. Arizona State Retirement System now owns 33,140 shares of the real estate investment trust’s stock worth $2,510,000 after acquiring an additional 1,555 shares in the last quarter. Institutional investors and hedge funds 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: CEO Joey Agree bought 7,360 shares for approximately $501,000, while Director John Rakolta Jr. purchased 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider buying may signal that company leadership considers the recent weakness an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
Positive Sentiment: Stifel Nicolaus lowered its price target from $84.00 to $81.50 but maintained a “buy” rating. The revised target still implies meaningful upside from recent trading levels, providing some support for the stock. Stifel lowers Agree Realty price target while maintaining buy rating
Positive Sentiment: Agree Realty declared its regular monthly dividend of $0.267 per share, payable October 14 to shareholders of record September 30. The dividend supports ADC’s appeal as an income-oriented real estate investment trust.
Neutral Sentiment: The company priced $400 million of 5.650% senior unsecured notes due 2036, with an effective yield of 5.849%. The proceeds improve financial flexibility and can fund corporate activities, although the debt will add interest expense in a higher-cost financing environment. Agree Realty announces pricing of $400 million of senior unsecured notes
Negative Sentiment: Mizuho cut its price target from $80.00 to $72.00 and assigned a “neutral” rating. Although the new target remains above recent levels, the reduction signals more cautious expectations and may weigh on investor sentiment. Mizuho lowers Agree Realty price target and maintains neutral rating

Analyst Upgrades and Downgrades

ADC has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Robert W. Baird set a $83.00 price target on Agree Realty in a research note on Friday, July 31st. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays raised their price target on Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Huntington started coverage on Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Agree Realty currently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Get Our Latest Research Report on Agree Realty

Agree Realty Company Profile

(Get Free Report)

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.