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

Agree Realty (NYSE:ADC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

ADC has been the topic of a number of other research reports. Mizuho cut their target price on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Robert W. Baird set a $83.00 target price on Agree Realty in a report on Friday. Jefferies Financial Group began coverage on Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 price target on the stock. Royal Bank Of Canada raised their price target on Agree Realty from $81.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley set a $81.00 price target on Agree Realty in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.94.

Agree Realty Stock Up 0.1%

ADC stock opened at $77.86 on Friday. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.59 and a beta of 0.47. Agree Realty has a 1-year low of $69.56 and a 1-year high of $82.08. The firm has a fifty day moving average price of $76.52 and a two-hundred day moving average price of $76.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The business had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. The company’s quarterly 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. Research analysts predict that Agree Realty will post 4.45 EPS for the current year.

Insider Activity at Agree Realty

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

Institutional Trading of Agree Realty

A number of institutional investors have recently made changes to their positions in ADC. Clearstead Trust LLC boosted its holdings in shares of Agree Realty by 192.1% in the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 242 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in Agree Realty during the third quarter worth approximately $32,000. Creative Financial Designs Inc. ADV lifted its position in Agree Realty by 71.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 192 shares during the period. Clearstead Advisors LLC lifted its position in Agree Realty by 163.8% in the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 285 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Agree Realty by 178.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 350 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Agree Realty

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

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.