Agree Realty (NYSE:ADC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Agree Realty (NYSE:ADC) from a hold rating to a sell rating in a report released on Saturday.

A number of other equities analysts also recently commented on ADC. BMO Capital Markets downgraded shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 target price on the stock. in a research note on Friday, April 17th. Robert W. Baird set a $83.00 price target on shares of Agree Realty in a report on Friday. Barclays raised their price target on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective 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 lowered 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.94.

Agree Realty Stock Down 0.7%

Shares of ADC opened at $77.86 on Friday. Agree Realty has a 52-week low of $69.56 and a 52-week high of $82.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $76.52 and a two-hundred day simple moving average of $76.47. The company has a market capitalization of $9.35 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47.

Agree Realty (NYSE:ADC) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.97%. The firm had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. During the same period in the previous year, the firm posted $1.06 EPS. The company’s revenue 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, equities analysts forecast that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.267 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%. Agree Realty’s dividend payout ratio is 172.04%.

Insider Buying and Selling

In other Agree Realty news, Chairman Richard Agree bought 5,000 shares of Agree Realty stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the acquisition, the chairman directly owned 90,512 shares in the company, valued at $6,463,461.92. This represents a 5.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $75.09 per share, with a total value of $56,317.50. Following the purchase, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 19,045 shares of company stock valued at $1,415,943 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Agree Realty

Large investors have recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in shares of Agree Realty by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 3,070 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 145 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Agree Realty by 2.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 154 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in Agree Realty by 1.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 14,199 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 154 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Agree Realty by 0.9% during the 1st quarter. IFM Investors Pty Ltd now owns 18,601 shares of the real estate investment trust’s stock worth $1,402,000 after acquiring an additional 171 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Agree Realty by 2.7% during the 4th quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 176 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

More Agree Realty News

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: Second-quarter funds from operations (FFO) rose to $1.14 per share, exceeding the $1.13 consensus estimate and increasing from $1.06 a year earlier. Revenue reached $216.33 million, above the $204.53 million estimate and up 16.8% year over year. Agree Realty Surpasses Q2 FFO and Revenue Estimates
• Positive Sentiment: Agree Realty raised its full-year 2026 EPS guidance to $4.57–$4.59, above the $4.45 analyst consensus, providing a favorable signal for operating performance and earnings visibility. Agree Realty Reports Second Quarter 2026 Results
• Positive Sentiment: The REIT reported record investment of approximately $502 million across 102 retail net-lease properties and commenced five development or Developer Funding Platform projects, supporting future portfolio growth. Agree Realty Reports Second Quarter 2026 Results
• Neutral Sentiment: Management’s earnings call provided additional commentary on the quarter, investment activity, development pipeline, and 2026 outlook. Agree Realty Q2 2026 Earnings Call Transcript
• Neutral Sentiment: A current dividend analysis keeps ADC’s income profile and dividend sustainability relevant for shareholders, particularly as investors assess the stock’s premium valuation. Agree Realty Corp’s Dividend Analysis
• Negative Sentiment: Reported EPS of $0.44 missed the $0.48 consensus estimate and fell sharply from $1.06 in the prior-year quarter, creating a headline earnings disappointment despite the FFO and revenue beats. Agree Realty Q2 Earnings Snapshot

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.