BNP Paribas Exane Has Lowered Expectations for Agree Realty (NYSE:ADC) Stock Price

Agree Realty (NYSE:ADC) had its price objective decreased by investment analysts at BNP Paribas Exane from $84.00 to $74.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. BNP Paribas Exane’s price target points to a potential upside of 13.20% from the company’s current price.

ADC has been the topic of a number of other reports. Truist Financial began coverage on shares of Agree Realty in a research note on Thursday, October 1st. They issued a “buy” rating and a $75.00 target price on the stock. Wells Fargo & Company cut their price target 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. Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays decreased their price target on shares of Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Robert W. Baird lowered their price objective on shares of Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.82.

Agree Realty Price Performance

Shares of Agree Realty stock traded down $1.71 on Wednesday, reaching $65.37. The stock had a trading volume of 904,603 shares, compared to its average volume of 1,337,398. The business’s 50 day moving average is $69.91 and its two-hundred day moving average is $74.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty has a 1 year low of $64.43 and a 1 year high of $82.08. The company has a market cap of $8.13 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 2.21 and a beta of 0.42.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $0.47 by $0.68. The company had revenue of $213.88 million during the quarter, compared to analysts’ expectations of $211.52 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. Agree Realty’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, research analysts anticipate that Agree Realty will post 4.45 EPS for the current year.

Insider Activity

In related news, insider Craig Erlich bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the acquisition, the insider directly owned 60,388 shares of the company’s stock, valued at $4,079,209.40. The trade was a 1.68% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joey Agree purchased 7,360 shares of Agree Realty stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the transaction, the chief executive officer owned 682,465 shares in the company, valued at $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 48,496 shares of company stock valued at $3,418,670. Insiders own 1.80% of the company’s stock.

Institutional Trading of Agree Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Agree Realty by 159.8% during the 2nd quarter. Wellington Management Group LLP now owns 184,545 shares of the real estate investment trust’s stock valued at $13,977,000 after purchasing an additional 113,520 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Agree Realty by 7.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,592 shares of the real estate investment trust’s stock worth $58,916,000 after purchasing an additional 54,478 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Agree Realty in the 2nd quarter worth about $2,384,000. Louisiana State Employees Retirement System purchased a new stake in shares of Agree Realty in the 1st quarter worth about $2,616,000. Finally, Hsbc Holdings PLC lifted its position in shares of Agree Realty by 25.5% in the 4th quarter. Hsbc Holdings PLC now owns 295,693 shares of the real estate investment trust’s stock worth $21,299,000 after purchasing an additional 60,159 shares during the period. Institutional investors own 97.83% of the company’s stock.

Agree Realty News Roundup

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

• Positive Sentiment: Strong quarterly performance: Agree Realty reported third-quarter revenue of approximately $213.9 million, ahead of expectations, while adjusted FFO of $1.15 per share exceeded the $1.14 consensus estimate and increased from $1.10 a year earlier. Revenue grew 16.7% year over year. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: Guidance and portfolio remain healthy: Management raised 2026 AFFO-per-share guidance to $4.58-$4.59. The portfolio was approximately 99.8% leased, with 2,888 properties, about $2.0 billion in liquidity and roughly $357.7 million invested across 94 properties during the quarter. Agree Realty Reports Third-Quarter Net Income
• Positive Sentiment: Analysts still see upside: Robert W. Baird maintained an “outperform” rating while lowering its price target modestly from $77 to $76, implying substantial potential appreciation from current levels.
• Neutral Sentiment: Agree Realty completed a $400 million senior-notes offering and settled 5.7 million forward-equity shares for $425.7 million. The financing strengthens acquisition capacity but also adds debt and share-count dilution that investors will monitor.
• Negative Sentiment: Multiple target cuts are weighing on sentiment: Wells Fargo reduced its target from $83 to $79 while retaining an “overweight” rating, and Baird also trimmed its target. Although both firms still project upside, the revisions signal more restrained valuation expectations. Wells Fargo Cuts Agree Realty Price Target

About Agree Realty

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.