Robert W. Baird Issues Positive Forecast for Agree Realty (NYSE:ADC) Stock Price

Agree Realty (NYSE:ADC) had its price target increased by Robert W. Baird from $80.00 to $82.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

ADC has been the subject of several other research reports. Truist Financial increased their price target on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target for the company. in a research note on Friday, April 17th. Morgan Stanley set a $81.00 price target on Agree Realty in a research note on Tuesday. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, Royal Bank Of Canada increased their price target on Agree Realty from $79.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Agree Realty Trading Down 2.6%

Shares of ADC stock opened at $76.84 on Wednesday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 2.66 and a beta of 0.53. The stock has a 50-day moving average of $78.17 and a 200-day moving average of $74.81. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. Agree Realty has a 1-year low of $69.56 and a 1-year high of $82.08.

Agree Realty (NYSE:ADC) last issued its quarterly earnings results 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 company 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 4.01% and a net margin of 29.25%.The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, equities research analysts forecast 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. Investors of record on Thursday, April 30th will be paid a dividend of $0.267 per share. This is an increase from Agree Realty’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 30th. Agree Realty’s payout ratio is 177.40%.

Institutional Investors Weigh In On Agree Realty

Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in Agree Realty by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 6,079 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 321 shares during the period. 1492 Capital Management LLC grew its stake in Agree Realty by 32.7% during the first quarter. 1492 Capital Management LLC now owns 3,946 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 973 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in Agree Realty by 0.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 390,636 shares of the real estate investment trust’s stock worth $29,446,000 after purchasing an additional 1,793 shares during the period. Pictet Asset Management Holding SA grew its stake in Agree Realty by 8.6% during the first quarter. Pictet Asset Management Holding SA now owns 17,655 shares of the real estate investment trust’s stock worth $1,331,000 after purchasing an additional 1,400 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Agree Realty in the first quarter worth approximately $2,486,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty News Roundup

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

• Positive Sentiment: Q1 operational beat — ADC reported Q1 EPS of $0.50 (vs. $0.47 consensus) and revenue of $211.5M (vs. $195.7M), with revenue up ~18.7% year‑over‑year; management also highlighted ~$424M invested in 100 net‑lease properties. BusinessWire: Agree Realty Reports First Quarter 2026 Results
• Positive Sentiment: FFO beat — Funds from operations (FFO) came in at $1.14, topping the Zacks consensus of $1.12, supporting AFFO/FFO metrics that REIT investors watch closely. Zacks: ADC Surpasses Q1 FFO and Revenue Estimates
• Positive Sentiment: Strong FY‑2026 guidance — Management raised FY‑2026 EPS guidance to $4.540–$4.580, well above prior street estimates, signaling confidence in earnings power and portfolio growth (investors will parse sustainability). Press Release / Slide Deck
• Positive Sentiment: Dividend & valuation coverage — Commentaries are highlighting a dividend increase and re‑examining ADC’s valuation after the Q1 print, which can support investor interest in the REIT income story. Yahoo: A Look At Agree Realty Valuation After Strong Q1 Results And Dividend Increase
• Positive Sentiment: Analyst upgrade — Robert W. Baird raised its price target from $80 to $82 and kept an Outperform rating, providing a modest catalyst for buy‑side interest. Benzinga: Baird Raises ADC Target
• Neutral Sentiment: Earnings call materials available — The Q1 earnings call transcript and presentation provide management commentary on leasing, development/DFP projects and liquidity; useful for modeling but not new headline items. SA: Q1 2026 Earnings Call Transcript SA: Q1 Presentation
• Negative Sentiment: Profit‑taking & valuation pressure — Despite the beats, ADC is trading lower with elevated volume, suggesting investors are taking gains; ADC’s trailing P/E (~43x) and the large gap between management guidance and some prior consensus create valuation/sustainability questions. (See analyst/valuation write‑ups above.)

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.