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

Agree Realty (NYSE:ADC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.570-4.590 for the period, compared to the consensus earnings per share estimate of 4.450. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ADC. Robert W. Baird boosted their price target on shares of Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Barclays lifted their target price on shares of Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Royal Bank Of Canada raised their price target on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Mizuho cut their price objective on Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Agree Realty presently has a consensus rating of “Moderate Buy” and an average target price of $83.88.

Agree Realty Price Performance

Shares of NYSE ADC traded down $2.07 during trading on Thursday, reaching $78.32. The company had a trading volume of 1,206,120 shares, compared to its average volume of 1,230,584. Agree Realty has a 52 week low of $69.56 and a 52 week high of $82.08. The business’s 50 day moving average price is $76.42 and its 200-day moving average price is $76.41. The stock has a market cap of $9.41 billion, a PE ratio of 42.34, a PEG ratio of 2.70 and a beta of 0.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83.

Agree Realty (NYSE:ADC) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The company had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Analysts expect that Agree Realty will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

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

Insider Activity at Agree Realty

In other Agree Realty news, CEO Joey Agree bought 13,295 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the transaction, the chief executive officer owned 675,105 shares in the company, valued at approximately $50,909,668.05. This trade represents a 2.01% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Greg Lehmkuhl bought 750 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the purchase, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 19,045 shares of company stock worth $1,415,943 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Agree Realty

A number of institutional investors have recently bought and sold shares of ADC. Jane Street Group LLC boosted its position in shares of Agree Realty by 268.9% in the 1st quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock worth $2,112,000 after purchasing an additional 19,948 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Agree Realty by 158.9% in 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 during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Agree Realty in the second quarter valued at about $1,875,000. EverSource Wealth Advisors LLC lifted its stake in Agree Realty by 245.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 965 shares during the period. Finally, First Trust Advisors LP lifted its stake in Agree Realty by 46.8% in the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock valued at $5,421,000 after buying an additional 23,662 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Company Profile

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.