Agree Realty (NYSE:ADC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Agree Realty (NYSE:ADC) from a hold rating to a sell rating in a research report released on Sunday.

A number of other research analysts also recently commented on ADC. Wells Fargo & Company increased their price objective on shares of Agree Realty from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Barclays increased their price target on shares of Agree Realty from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Mizuho lowered their price objective on Agree Realty from $77.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Evercore ISI cut their price objective on Agree Realty from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, Stifel Nicolaus set a $83.50 target price on Agree Realty in a research report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.23.

Agree Realty Stock Performance

NYSE ADC opened at $71.36 on Friday. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 2.22 and a beta of 0.55. The business’s 50 day moving average is $72.80 and its two-hundred day moving average is $72.69. Agree Realty has a 12-month low of $68.98 and a 12-month high of $79.65. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.59.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, October 21st. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $183.22 million during the quarter, compared to analysts’ expectations of $181.87 million. Agree Realty had a net margin of 28.11% and a return on equity of 3.52%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Agree Realty has set its FY 2025 guidance at 4.310-4.330 EPS. Research analysts expect that Agree Realty will post 4.27 EPS for the current year.

Agree Realty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.262 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, December 31st. Agree Realty’s dividend payout ratio is 183.63%.

Insider Buying and Selling at Agree Realty

In related news, CFO Peter Coughenour bought 500 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average price of $69.80 per share, for a total transaction of $34,900.00. Following the transaction, the chief financial officer directly owned 18,544 shares of the company’s stock, valued at $1,294,371.20. This represents a 2.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard Agree purchased 24,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were purchased at an average cost of $70.67 per share, with a total value of $1,696,080.00. Following the completion of the acquisition, the chairman directly owned 159,855 shares in the company, valued at $11,296,952.85. The trade was a 17.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 39,500 shares of company stock worth $2,813,680 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Agree Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Agree Realty by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,646,573 shares of the real estate investment trust’s stock worth $1,111,533,000 after buying an additional 329,892 shares during the period. State Street Corp boosted its stake in Agree Realty by 0.5% in the third quarter. State Street Corp now owns 5,792,525 shares of the real estate investment trust’s stock valued at $412,954,000 after acquiring an additional 27,546 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in Agree Realty by 1.8% during the 3rd quarter. Centersquare Investment Management LLC now owns 2,896,229 shares of the real estate investment trust’s stock worth $205,748,000 after acquiring an additional 51,269 shares during the period. Geode Capital Management LLC raised its position in shares of Agree Realty by 6.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,680,417 shares of the real estate investment trust’s stock valued at $205,489,000 after acquiring an additional 170,827 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Agree Realty by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,362,396 shares of the real estate investment trust’s stock valued at $167,825,000 after purchasing an additional 15,389 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Trending Headlines about Agree Realty

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

• Positive Sentiment: Board approved a higher monthly common dividend of $0.262 per share (annualized $3.144), a 3.6% increase vs. the prior annualized rate; payable Feb 13, 2026 — boosts income appeal for dividend investors. Agree Realty Declares Monthly Common and Preferred Dividends
• Positive Sentiment: Chairman Richard Agree purchased 24,000 shares (~$1.7M) at about $70.67, increasing his stake materially — strong insider conviction that can signal management confidence in the shares. Chairman Form 4 (SEC)
• Positive Sentiment: CFO Peter Coughenour also bought shares (500 at ~$69.80), modest but consistent with a trend of only insider purchases over recent months — supports confidence in near-term outlook. CFO Insider Purchase
• Positive Sentiment: Short interest plunged ~46.7% in December to ~4.97M shares (?4.4% of float) with a ~3.9 days-to-cover — reduced short pressure can remove a near-term headwind and lower volatility risk from forced squeezes. No external link
• Positive Sentiment: Evercore ISI reaffirmed a buy/outperform view recently — another institutional analyst vote of confidence amid the company’s heavy 2025 investment activity and stable cash flow fundamentals. Evercore ISI Reaffirms Buy
• Neutral Sentiment: Social and data summaries highlight Agree Realty’s large $1.55B 2025 investment across 338 properties and >$2B liquidity — viewed positively for growth, but investors debate execution and capital allocation. Quiver Quant Investment Surge Coverage
• Negative Sentiment: Some outlets have flagged recent analyst downgrades/negative ratings (e.g., a “sell” cut reported by one research aggregator), which can weigh on sentiment despite the majority of recent analyst ratings remaining favorable. WallStreetZen Rating Change

About Agree Realty

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.