Agree Realty (NYSE:ADC) Stock Gets Price Target Trim from BNP Paribas Exane

Agree Realty (NYSE:ADC) had its price target reduced by BNP Paribas Exane from $84.00 to $74.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on ADC. Barclays dropped their price target on Agree Realty from $85.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Mizuho lowered their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Robert W. Baird lowered their target price on Agree Realty from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Weiss Ratings downgraded Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Agree Realty presently has an average rating of “Moderate Buy” and an average target price of $80.09.

Agree Realty Price Performance

Shares of NYSE:ADC opened at $66.78 on Wednesday. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $69.39 and a 200 day simple moving average of $74.00. Agree Realty has a one year low of $64.34 and a one year high of $82.08.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.68. The firm had revenue of $213.88 million for the quarter, compared to analyst estimates of $211.52 million. Agree Realty had a net margin of 29.75% and a return on equity of 4.00%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. Research analysts predict that Agree Realty will post 4.45 earnings per share for the current fiscal 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 given a $0.2710 dividend. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date is Friday, October 30th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.9%. Agree Realty’s dividend payout ratio is presently 164.95%.

Insider Transactions at Agree Realty

In other news, Director John Rakolta, Jr. acquired 20,000 shares of Agree Realty stock in a transaction dated Wednesday, September 16th. The shares were bought at an average cost of $68.78 per share, with a total value of $1,375,600.00. Following the purchase, the director owned 654,602 shares in the company, valued at $45,023,525.56. This trade represents a 3.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joey Agree acquired 7,360 shares of Agree Realty stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the purchase, the chief executive officer owned 682,465 shares in the company, valued at approximately $46,448,567.90. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 48,496 shares of company stock worth $3,418,670. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Agree Realty during the 2nd quarter worth about $1,447,551,000. Principal Financial Group Inc. raised its position in shares of Agree Realty by 5.4% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Agree Realty by 5.3% in 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 acquired a new position in shares of Agree Realty in the 2nd quarter valued at about $130,921,000. Finally, Deutsche Bank AG acquired a new position in shares of Agree Realty in the 2nd quarter valued at about $104,747,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Key Agree Realty News

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

About Agree Realty

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.