Agree Realty (NYSE:ADC) Releases FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.580-4.590 for the period, compared to the consensus estimate of 4.450.

Agree Realty Stock Performance

Shares of ADC opened at $64.41 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.25 and a beta of 0.42. The company’s 50 day simple moving average is $69.71 and its 200 day simple moving average is $74.12. Agree Realty has a 1 year low of $64.34 and a 1 year high of $82.08.

Agree Realty (NYSE:ADC) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.68. Agree Realty had a return on equity of 4.09% and a net margin of 29.75%. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $211.52 million. During the same quarter in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, sell-side analysts predict that Agree Realty will post 4.45 EPS for the current year.

Agree Realty Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.2710 dividend. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date of this dividend is Friday, October 30th. This represents a $3.25 annualized dividend and a dividend yield of 5.0%. Agree Realty’s dividend payout ratio is 167.53%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Agree Realty from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. BNP Paribas Exane reduced their price target on Agree Realty from $84.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price target on Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.82.

Insider Buying and Selling

In other Agree Realty news, CEO Joey Agree acquired 7,360 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost 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 $46,448,567.90. This trade represents a 1.09% increase in their ownership of the stock. The transaction 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 business’s stock in a transaction on 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 owned 654,602 shares in the company, valued at $45,023,525.56. This represents a 3.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 48,496 shares of company stock worth $3,418,670. 1.80% of the stock is currently owned by corporate insiders.

Agree Realty News Roundup

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

• Positive Sentiment: Agree Realty raised its 2026 adjusted funds-from-operations (AFFO) guidance to $4.58–$4.59 per share, above the $4.45 consensus estimate. Agree Realty Q3 Adjusted FFO Rises; 2026 AFFO Guidance Raised
• Positive Sentiment: Third-quarter adjusted FFO was $1.15 per share, ahead of the $1.14 estimate and up from $1.10 a year earlier. Revenue reached $213.9 million, exceeding expectations of $211.5 million and increasing 16.7% year over year. Agree Realty Beats Q3 FFO and Revenue Estimates
• Positive Sentiment: The retail net-lease REIT invested approximately $357.7 million in 94 properties, maintained a 99.8% leased portfolio, and reported about $2.0 billion in liquidity. These figures support continued external growth and dividend coverage. Agree Realty Reports Third-Quarter Net Income
• Neutral Sentiment: Agree Realty completed a $400 million senior-notes offering and settled 5.7 million forward-equity shares for $425.7 million. The capital supports acquisitions but also increases financing and share-count considerations.
• Negative Sentiment: Analysts lowered their valuation targets: BNP Paribas Exane cut its target to $74 and shifted to a neutral rating, while Robert W. Baird reduced its target to $76 but maintained an outperform rating. Wells Fargo also lowered its target to $79. The revisions may be weighing on sentiment, particularly given REIT exposure to interest-rate expectations. BNP Paribas Exane Lowers Agree Realty Price Target

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.