Stifel Nicolaus Cuts Agree Realty (NYSE:ADC) Price Target to $81.50

by · The Markets Daily

Agree Realty (NYSE:ADC – Free Report) had its target price decreased by Stifel Nicolaus from $84.00 to $81.50 in a research note published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on ADC. Weiss Ratings raised Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Jefferies Financial Group assumed coverage on Agree Realty in a report on Monday, June 1st. They set a “buy” rating and a $84.00 price target on the stock. Mizuho lowered their price target on Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday. 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, 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 report on Wednesday, July 22nd. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Check Out Our Latest Analysis on Agree Realty

Agree Realty Stock Performance

ADC stock opened at $68.02 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.22 and a beta of 0.46. Agree Realty has a 12 month low of $67.70 and a 12 month high of $82.08. The firm has a 50 day moving average of $75.17 and a two-hundred day moving average of $76.02.

Agree Realty (NYSE:ADC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the prior year, the business posted $1.06 EPS. The firm’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, equities analysts anticipate that Agree Realty will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%. Agree Realty’s dividend payout ratio is 172.04%.

Insider Buying and Selling at Agree Realty

In related news, CEO Joey Agree acquired 7,360 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of $68.06 per share, with a total value of $500,921.60. Following the completion of the transaction, the chief executive officer owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Rakolta, Jr. bought 20,000 shares of Agree Realty stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the purchase, the director owned 654,602 shares of the company’s stock, valued at $45,023,525.56. This trade represents a 3.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 47,496 shares of company stock worth $3,351,120 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

Several large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in Agree Realty by 5.0% during the first quarter. Private Advisor Group LLC now owns 3,070 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 145 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Agree Realty by 1.1% in the first 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 purchasing an additional 154 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Agree Realty by 0.9% during the 1st quarter. IFM Investors Pty Ltd now owns 18,601 shares of the real estate investment trust’s stock worth $1,402,000 after buying an additional 171 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Agree Realty by 71.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 192 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of Agree Realty by 3.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 5,771 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Key Headlines Impacting Agree Realty

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

  • Positive Sentiment: CEO Joey Agree bought 7,360 shares for approximately $501,000, while Director John Rakolta Jr. purchased 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider buying may signal that company leadership considers the recent weakness an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
  • Positive Sentiment: Stifel Nicolaus lowered its price target from $84.00 to $81.50 but maintained a “buy” rating. The revised target still implies meaningful upside from recent trading levels, providing some support for the stock. Stifel lowers Agree Realty price target while maintaining buy rating
  • Positive Sentiment: Agree Realty declared its regular monthly dividend of $0.267 per share, payable October 14 to shareholders of record September 30. The dividend supports ADC’s appeal as an income-oriented real estate investment trust.
  • Neutral Sentiment: The company priced $400 million of 5.650% senior unsecured notes due 2036, with an effective yield of 5.849%. The proceeds improve financial flexibility and can fund corporate activities, although the debt will add interest expense in a higher-cost financing environment. Agree Realty announces pricing of $400 million of senior unsecured notes
  • Negative Sentiment: Mizuho cut its price target from $80.00 to $72.00 and assigned a “neutral” rating. Although the new target remains above recent levels, the reduction signals more cautious expectations and may weigh on investor sentiment. Mizuho lowers Agree Realty price target and maintains neutral rating

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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