Agree Realty (NYSE:ADC) CEO Joey Agree Buys 7,360 Shares

September 18, 2026 by InsiderTrades.com

Key Points

CEO Joey Agree purchased 7,360 shares of Agree Realty at an average price of $68.06, investing approximately $501,000 and increasing his stake by 1.09% to 682,465 shares.
Agree Realty reported quarterly revenue of $216.33 million, up 16.8% year over year, but earnings per share of $0.44 fell short of the $0.48 consensus estimate.
The REIT declared a monthly dividend of $0.267 per share, representing an approximately 4.7% annualized yield, while analysts maintain a “Moderate Buy” consensus with an $83.44 target price.

Agree Realty Corporation (NYSE:ADC - Get Free Report) CEO Joey Agree acquired 7,360 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were acquired at an average price of $68.06 per share, with a total value of $500,921.60. Following the completion of the purchase, the chief executive officer owned 682,465 shares in the company, valued at approximately $46,448,567.90. This trade represents a 1.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Agree Realty Stock Down 0.5%

3 Stocks to Buy After Heavy Insider Buying

ADC stock opened at $68.16 on Friday. The company has a market capitalization of $8.48 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. Agree Realty Corporation has a 12 month low of $67.93 and a 12 month high of $82.08. The firm's fifty day simple moving average is $75.37 and its 200-day simple moving average is $76.12. 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 - Get Free Report) last issued its earnings results 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). The business had revenue of $216.33 million for the quarter, compared to analysts' expectations of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The company's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, equities research analysts forecast that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.267 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Agree Realty's payout ratio is 172.04%.

Hedge Funds Weigh In On Agree Realty

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Agree Realty in the second quarter valued at approximately $1,447,551,000. Cohen & Steers Inc. raised its stake in shares of Agree Realty by 4.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,094,952 shares of the real estate investment trust's stock worth $1,015,324,000 after buying an additional 649,301 shares during the period. Principal Financial Group Inc. lifted its position in shares of Agree Realty by 5.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,526,088 shares of the real estate investment trust's stock valued at $341,180,000 after buying an additional 232,532 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Agree Realty by 13.9% during the 4th quarter. Centersquare Investment Management LLC now owns 3,299,172 shares of the real estate investment trust's stock valued at $237,639,000 after buying an additional 402,943 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Agree Realty by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 2,509,922 shares of the real estate investment trust's stock valued at $180,823,000 after acquiring an additional 117,346 shares during the period. Institutional investors and hedge funds own 97.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ADC shares. Robert W. Baird set a $83.00 target price on Agree Realty in a report on Friday, July 31st. Huntington initiated coverage on Agree Realty in a report on Wednesday, July 15th. They issued an "outperform" rating and a $84.00 price target for the company. Weiss Ratings upgraded Agree Realty from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 25th. Wall Street Zen cut shares of Agree Realty from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group initiated coverage on shares of Agree Realty in a report on Monday, June 1st. They set a "buy" rating and a $84.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.44.

Check Out Our Latest Report on ADC

More Agree Realty News

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 company leadership views ADC’s recent weakness as an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
Neutral Sentiment: Agree Realty announced pricing of $400 million in 5.650% senior unsecured notes due 2036. The offering strengthens liquidity and provides capital for corporate purposes, but the 5.849% effective yield will increase interest expense and highlights the higher-cost financing environment for real estate investment trusts. Agree Realty announces pricing of $400 million of senior unsecured notes
Negative Sentiment: Mizuho lowered its price target for Agree Realty from $80 to $72 and maintained a “neutral” rating. Although the revised target implies potential upside from recent levels, the reduction signals more limited expectations for the stock and may reinforce selling pressure.

Agree Realty Company Profile

(Get Free Report)

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.