Agree Realty (NYSE:ADC) Given New $76.00 Price Target at Robert W. Baird

Agree Realty (NYSE:ADC) had its price objective lowered by equities researchers at Robert W. Baird from $77.00 to $76.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 13.07% from the stock’s current price.

ADC has been the subject of several other research reports. Truist Financial began coverage on shares of Agree Realty in a report on Thursday, October 1st. They issued a “buy” rating and a $75.00 price target for the company. Stifel Nicolaus cut their price objective on shares of Agree Realty from $84.00 to $81.50 and set a “buy” rating on the stock in a research report on Friday, September 18th. Wells Fargo & Company reduced their target price on shares of Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Monday. 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. Finally, Weiss Ratings cut Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.56.

Agree Realty Price Performance

Agree Realty stock opened at $67.22 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $8.36 billion, a P/E ratio of 36.14, a PEG ratio of 2.21 and a beta of 0.42. The business has a 50-day moving average of $69.91 and a 200-day moving average of $74.20. Agree Realty has a 1 year low of $64.43 and a 1 year high of $82.08.

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 analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. 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 prior year, the business earned $1.06 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, equities analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Joey Agree acquired 7,360 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the acquisition, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, Director John Rakolta, Jr. bought 20,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following the transaction, the director owned 654,602 shares of the company’s stock, valued at $45,023,525.56. The trade was a 3.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 48,496 shares of company stock valued at $3,418,670 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Agree Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. CX Institutional boosted its position in Agree Realty by 852.2% during the third quarter. CX Institutional now owns 438 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 392 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Agree Realty by 172.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 272 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Agree Realty during the 3rd quarter worth approximately $32,000. Clearstead Trust LLC acquired a new position in shares of Agree Realty during the 2nd quarter worth approximately $33,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Agree Realty during the 2nd quarter worth approximately $45,000. Institutional investors own 97.83% of the company’s stock.

Agree Realty News Summary

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

• Positive Sentiment: Third-quarter adjusted funds from operations (FFO) increased to $1.15 per share, exceeding the $1.14 consensus estimate and rising from $1.10 a year earlier. Revenue reached approximately $213.9 million, ahead of FactSet’s $211.5 million forecast. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: ADC raised its 2026 adjusted FFO-per-share guidance to $4.58-$4.59, signaling improved expectations for operating performance. The company also completed approximately $357.7 million of investments across 94 retail net-lease properties. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: The portfolio expanded to 2,888 properties and remained approximately 99.8% leased. ADC reported roughly $2.0 billion in liquidity and continued its monthly dividend at $0.267 per share, supporting the stock’s income-investment appeal. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Wells Fargo lowered its ADC price target from $83 to $79 but retained an “overweight” rating. The reduced target may weigh on sentiment, although it still implies substantial upside from the reference price. Wells Fargo Cuts Target to $79
• Negative Sentiment: ADC funded growth partly through a $425.7 million forward-equity settlement and issued $400 million of senior notes. While these transactions improve acquisition capacity, the equity issuance can dilute shareholders and higher financing costs remain a risk for a rate-sensitive REIT. Agree Realty Acquisitions, Equity and Stock Analysis

Agree Realty Company Profile

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.