Agree Realty Corporation (NYSE:ADC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Agree Realty Corporation (NYSE:ADC) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $83.7857.

Several equities analysts have weighed in on ADC shares. Raymond James Financial lifted their price objective on Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. Royal Bank Of Canada lifted their price target on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup lifted their price target on Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a research note on Friday, April 24th. Stifel Nicolaus lifted their price target on Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Barclays decreased their price target on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th.

Agree Realty Price Performance

Shares of NYSE ADC opened at $75.42 on Friday. The stock has a market capitalization of $9.06 billion, a PE ratio of 40.77, a P/E/G ratio of 2.54 and a beta of 0.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $76.78 and a two-hundred day moving average price of $75.19. Agree Realty has a fifty-two week low of $69.56 and a fifty-two week high of $82.08.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $211.49 million during the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities analysts predict that Agree Realty will post 4.44 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.267 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.07 annualized dividend and a dividend yield of 1.4%. Agree Realty’s dividend payout ratio (DPR) is presently 172.97%.

Insider Buying and Selling at Agree Realty

In other Agree Realty news, Director Greg Lehmkuhl purchased 750 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the purchase, the director owned 34,465 shares in the company, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joey Agree purchased 13,295 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $75.41 per share, for a total transaction of $1,002,575.95. Following the purchase, the chief executive officer owned 675,105 shares in the company, valued at approximately $50,909,668.05. The trade was a 2.01% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 14,191 shares of company stock worth $1,069,944. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Agree Realty

Hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Trust LLC increased its stake in shares of Agree Realty by 192.1% in the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 242 shares during the last quarter. Westside Investment Management Inc. grew its position in 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 Agree Realty during the 3rd quarter worth $32,000. Clearstead Advisors LLC grew its position in Agree Realty by 163.8% during the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 285 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position 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 worth $33,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Agree Realty Company Profile

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.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.