Key Points
- Insider buying: Craig Erlich purchased 1,000 Agree Realty shares for $67,550, increasing his direct ownership by 1.68% to 60,388 shares.
- Stock under pressure: Agree Realty shares opened at $67.11, near the 12-month low of $66.50 and below both its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $83.25.
- Income and operating results: The REIT declared a $0.267 monthly dividend, implying a 4.8% yield, while quarterly revenue rose 16.8% year over year to $216.33 million but adjusted earnings of $0.44 per share missed estimates.
Agree Realty Corporation (NYSE:ADC - Get Free Report) insider Craig Erlich bought 1,000 shares of Agree Realty stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average price of $67.55 per share, for a total transaction of $67,550.00. Following the acquisition, the insider directly owned 60,388 shares in the company, valued at approximately $4,079,209.40. This represents a 1.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Agree Realty Stock Down 0.3%
Shares of NYSE ADC opened at $67.11 on Thursday. The stock has a fifty day moving average price of $74.53 and a 200 day moving average price of $75.72. 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 Corporation has a 12-month low of $66.50 and a 12-month high of $82.08. The company has a market cap of $8.35 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.20 and a beta of 0.46.
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 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 company had revenue of $216.33 million during the quarter, compared to analysts' expectations of $204.53 million. During the same period in the previous year, the company earned $1.06 EPS. Agree Realty's quarterly revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Research analysts anticipate that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.
Agree Realty Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.267 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Agree Realty's dividend payout ratio is currently 172.04%.
Agree Realty News Summary
Here are the key news stories impacting Agree Realty this week:
- Positive Sentiment: Director Craig Erlich purchased 1,000 ADC shares for approximately $67,550, increasing his ownership by 1.68%. The insider purchase may signal confidence that the stock is undervalued after its recent weakness. SEC insider filing
- Positive Sentiment: Agree Realty continues to be highlighted as a monthly-income and dividend stock, reflecting investor interest in its net-lease retail portfolio and recurring rental cash flows. 5 Safe Monthly Pay Dividend Stocks
- Neutral Sentiment: Agree Limited Partnership completed a $400 million senior-notes offering. The proceeds may support refinancing, acquisitions, or general corporate purposes, but the additional borrowing also increases interest expense and leverage exposure. Agree Realty announces senior notes offering
- Neutral Sentiment: Analyst commentary describes ADC as a high-quality REIT with a balanced business model but limited appeal to investors seeking fixed-income-like returns, indicating that valuation and interest-rate sensitivity remain important considerations. Agree Realty: Perfect Balance, Limited Appeal of Fixed Income
- Negative Sentiment: A broader bearish view argues that REITs are no longer reliable “set-and-forget” income investments because of valuation pressures, market dynamics, and potential interest-rate risks. This sector-wide caution may be contributing to pressure on ADC. REITs Were Sold As Set-and-Forget Income
- Negative Sentiment: ADC recently reached a new 1-year low, reinforcing concerns about market momentum and investor demand despite the company’s defensive net-lease profile. Agree Realty Sets New 1-Year Low
Analyst Ratings Changes
Several brokerages have recently weighed in on ADC. Mizuho decreased their target price on shares of Agree Realty from $80.00 to $72.00 and set a "neutral" rating for the company in a research note on Thursday, September 17th. Huntington began coverage on Agree Realty in a research note on Wednesday, July 15th. They set an "outperform" rating and a $84.00 target price for the company. Weiss Ratings cut Agree Realty from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, September 17th. Robert W. Baird set a $83.00 price objective on Agree Realty in a research note on Friday, July 31st. Finally, Barclays upped their target price on Agree Realty from $84.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 22nd. One equities research 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 stock. According to MarketBeat, Agree Realty presently has an average rating of "Moderate Buy" and a consensus target price of $83.25.
Check Out Our Latest Stock Analysis on Agree Realty
Hedge Funds Weigh In On Agree Realty
Hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. raised its stake in Agree Realty by 16.6% during the second quarter. QRG Capital Management Inc. now owns 4,809 shares of the real estate investment trust's stock valued at $364,000 after buying an additional 685 shares in the last quarter. Community Bank of Raymore grew its position in shares of Agree Realty by 11.5% in the 2nd quarter. Community Bank of Raymore now owns 44,624 shares of the real estate investment trust's stock worth $3,380,000 after acquiring an additional 4,600 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Agree Realty in the 2nd quarter worth approximately $51,000. NewEdge Advisors LLC increased its holdings in shares of Agree Realty by 2,367.6% in the 2nd quarter. NewEdge Advisors LLC now owns 2,739 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Agree Realty by 103.4% in the 2nd quarter. Squarepoint Ops LLC now owns 86,373 shares of the real estate investment trust's stock valued at $6,542,000 after acquiring an additional 43,912 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.
About Agree Realty
(
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.
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