Stifel Nicolaus Issues Pessimistic Forecast for Agree Realty (NYSE:ADC) Stock Price

Agree Realty (NYSE:ADC) had its target price cut by equities researchers at Stifel Nicolaus from $84.00 to $81.50 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.57% from the stock’s current price.

A number of other analysts also recently commented on the company. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays upped their price objective on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $83.00 price target on Agree Realty in a research report on Friday, July 31st. Jefferies Financial Group assumed coverage on Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 target price on the stock. Finally, Mizuho dropped their target price on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday. 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. According to data from MarketBeat.com, Agree Realty has an average rating of “Moderate Buy” and an average price target of $83.25.

Agree Realty Stock Performance

Shares of ADC stock opened at $68.16 on Friday. The business has a fifty day moving average of $75.37 and a 200 day moving average of $76.12. Agree Realty has a 1 year low of $67.93 and a 1 year high of $82.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46.

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

Insider Buying and Selling

In related news, Director John Rakolta, Jr. purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following the completion of the transaction, the director directly owned 654,602 shares of the company’s stock, valued at approximately $45,023,525.56. This trade represents a 3.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joey Agree purchased 7,360 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $68.06 per share, with a total value of $500,921.60. Following the acquisition, the chief executive officer 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 position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 47,496 shares of company stock worth $3,351,120 over the last three months. 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 added to or reduced their stakes in the stock. Private Advisor Group LLC increased its position in shares of Agree Realty by 5.0% in the first quarter. Private Advisor Group LLC now owns 3,070 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 145 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of Agree Realty by 1.1% during the 1st 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 acquiring an additional 154 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Agree Realty by 0.9% in the 1st quarter. IFM Investors Pty Ltd now owns 18,601 shares of the real estate investment trust’s stock valued at $1,402,000 after purchasing an additional 171 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Agree Realty by 71.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 192 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its position in Agree Realty by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 5,771 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Key Stories Impacting Agree Realty

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

• Positive Sentiment: CEO Joey Agree purchased 7,360 shares for approximately $501,000, while Director John Rakolta Jr. bought 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider purchases may signal that management views the recent decline as an attractive entry point. Agree Realty CEO buys 7,360 shares
• Positive Sentiment: Agree Realty also declared its regular monthly dividend of $0.267 per share, equivalent to an annualized yield of roughly 4.7% at recent prices. The income profile may provide support for dividend-focused investors. Agree Realty dividend and insider activity
• Neutral Sentiment: The company priced $400 million of senior unsecured notes due 2036 at a 5.650% coupon and a 5.849% effective yield. The proceeds improve funding capacity for acquisitions and other corporate needs, but the relatively high borrowing cost will increase interest expense. Agree Realty prices $400 million senior notes
• Negative Sentiment: Mizuho cut its price target for Agree Realty from $80 to $72 and maintained a “neutral” rating. While the revised target still implies upside, the reduction reflects more limited near-term expectations and is likely weighing on the shares.
• Negative Sentiment: The latest quarterly results included adjusted EPS of $0.44, below the $0.48 consensus estimate, despite revenue exceeding forecasts and rising 16.8% year over year. The earnings miss and higher financing costs remain concerns, although management’s full-year 2026 EPS guidance is $4.57–$4.59.

About Agree Realty

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.