Agree Realty (NYSE:ADC) Updates FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.540-4.580 for the period, compared to the consensus estimate of 2.930. The company issued revenue guidance of -.

Agree Realty Stock Performance

NYSE:ADC traded down $0.49 during trading hours on Wednesday, reaching $76.02. The stock had a trading volume of 347,679 shares, compared to its average volume of 1,334,031. The stock has a 50 day simple moving average of $72.43 and a 200 day simple moving average of $72.77. Agree Realty has a 12-month low of $68.98 and a 12-month high of $79.65. The stock has a market cap of $8.74 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 0.68.

Agree Realty Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.262 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.1%. Agree Realty’s payout ratio is 183.63%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Agree Realty from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Evercore cut their price objective on Agree Realty from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Truist Financial decreased their target price on shares of Agree Realty from $84.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Barclays raised their target price on shares of Agree Realty from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Finally, Mizuho lowered their price target on Agree Realty from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.32.

Insider Buying and Selling

In other Agree Realty news, Chairman Richard Agree bought 24,000 shares of the business’s stock in a transaction on Friday, January 9th. The shares were acquired at an average cost of $70.67 per share, for a total transaction of $1,696,080.00. Following the purchase, the chairman owned 159,855 shares in the company, valued at approximately $11,296,952.85. This trade represents a 17.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Coughenour acquired 500 shares of Agree Realty stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average price of $69.80 per share, with a total value of $34,900.00. Following the completion of the acquisition, the chief financial officer directly owned 18,544 shares in the company, valued at $1,294,371.20. This represents a 2.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 39,500 shares of company stock worth $2,813,680 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wiser Advisor Group LLC purchased a new stake in shares of Agree Realty in the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Agree Realty by 158.9% during the 2nd 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 during the last quarter. Advisory Services Network LLC purchased a new position in shares of Agree Realty during the 3rd quarter worth about $59,000. Danske Bank A S bought a new position in shares of Agree Realty during the third quarter valued at approximately $64,000. Finally, Johnson Financial Group Inc. bought a new position in Agree Realty in the 3rd quarter valued at $72,000. Hedge funds and other 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.