Agree Realty (NYSE:ADC) Upgraded by Wall Street Zen to Hold Rating

05 Apr 2026, 06:00 by Mitch Edgeman · The Markets Daily

Wall Street Zen upgraded shares of Agree Realty (NYSE:ADC – Free Report) from a sell rating to a hold rating in a report published on Saturday.

Several other research firms have also recently weighed in on ADC. Stifel Nicolaus raised their price target on Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. Barclays upped their price objective on Agree Realty from $78.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Truist Financial raised their target price on shares of Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Mizuho boosted their price target on shares of Agree Realty from $75.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial upped their price target on shares of Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Agree Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.21.

View Our Latest Analysis on Agree Realty

Agree Realty Trading Up 0.0%

Shares of ADC stock opened at $76.63 on Friday. Agree Realty has a 12-month low of $68.98 and a 12-month high of $82.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $77.07 and its 200-day moving average price is $74.20. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.

Agree Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.262 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Agree Realty’s dividend payout ratio (DPR) is presently 177.40%.

Insider Buying and Selling at Agree Realty

In other news, Chairman Richard Agree acquired 24,000 shares of the business’s stock in a transaction on Friday, January 9th. The shares were acquired at an average price of $70.67 per share, for a total transaction of $1,696,080.00. Following the completion of the transaction, the chairman directly owned 159,855 shares of the company’s stock, valued at approximately $11,296,952.85. The trade was a 17.67% 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, CFO Peter Coughenour bought 500 shares of Agree Realty stock in a transaction dated Friday, January 9th. The stock was purchased at an average cost of $69.80 per share, for a total transaction of $34,900.00. Following the purchase, the chief financial officer owned 18,544 shares of the company’s stock, valued at approximately $1,294,371.20. This trade represents a 2.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 24,646 shares of company stock worth $1,742,031 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Agree Realty

A number of large investors have recently made changes to their positions in the company. Clearstead Trust LLC raised its position in Agree Realty by 192.1% in the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Agree Realty by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 215 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Agree Realty during the 3rd quarter worth approximately $32,000. Creative Financial Designs Inc. ADV boosted its holdings in 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 valued at $33,000 after acquiring an additional 192 shares during the period. Finally, Clearstead Advisors LLC grew its position in Agree Realty by 163.8% in the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 285 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Agree Realty Company Profile

(Get Free Report)

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.