Agree Realty (NYSE:ADC) Issues FY 2026 Earnings Guidance

Agree Realty (NYSE:ADC) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 4.540-4.580 for the period, compared to the consensus EPS estimate of 2.920. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ADC shares. Morgan Stanley set a $81.00 target price on shares of Agree Realty in a research note on Tuesday. BMO Capital Markets lowered shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 target price for the company. in a research note on Friday, April 17th. Truist Financial boosted their target price on shares of Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. UBS Group boosted their target price on shares of Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Raymond James Financial boosted their target price 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 analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.50.

Agree Realty Stock Down 2.6%

Shares of ADC opened at $76.84 on Thursday. The firm has a market capitalization of $9.23 billion, a P/E ratio of 41.54, a P/E/G ratio of 2.66 and a beta of 0.53. Agree Realty has a 12-month low of $69.56 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 firm has a fifty day moving average price of $78.17 and a 200-day moving average price of $74.81.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 4.01%. The firm had revenue of $211.49 million during the quarter, compared to analyst estimates of $195.73 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts expect that Agree Realty will post 4.42 earnings per share for the current year.

Agree Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.267 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, April 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.26. Agree Realty’s dividend payout ratio (DPR) is currently 177.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compound Planning Inc. grew its holdings in Agree Realty by 18.2% during the 4th quarter. Compound Planning Inc. now owns 4,177 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 643 shares in the last quarter. Invesco Ltd. grew its holdings in Agree Realty by 11.0% during the 4th quarter. Invesco Ltd. now owns 468,934 shares of the real estate investment trust’s stock worth $33,777,000 after acquiring an additional 46,492 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Agree Realty by 19.6% during the 4th quarter. Corient Private Wealth LLC now owns 6,982 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 1,142 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Agree Realty by 34.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,950 shares of the real estate investment trust’s stock worth $861,000 after acquiring an additional 3,079 shares in the last quarter. Finally, Blue Chip Partners LLC grew its holdings in Agree Realty by 0.8% during the 4th quarter. Blue Chip Partners LLC now owns 37,560 shares of the real estate investment trust’s stock worth $2,705,000 after acquiring an additional 306 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

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.