Agree Realty (NYSE:ADC) 株価情報

AGREE REALTY CORP

Agree Realty

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Agree Realty Corp

Adicon Holdings Ltd

Adcore Inc

ADC Therapeutics SA

ADS MARITIME HLDG PLC by ADS MARITIME HLDG PLC

AD CAPITAL US INC by AD Capital U.S., Inc.

AD Capital US Inc

Agree Realty Corporation Depositary Shares, each representing 1/1,000th of a 4.250% Series A Cumulative Redeemable Preferred Stock

8 analysts have expressed a variety of opinions on Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $80.94, a high estimate of $84.00, and a low estimate of $77.00. Marking an increase of 2.46%, the current average surpasses the previous average price target of $79.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1751292055_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Agree Realty among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$78.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Richard Hightower</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$77.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$84.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>RJ Milligan</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>James Kammert</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$83.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.50</td>
<td>$81.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$81.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Agree Realty. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Agree Realty's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Agree Realty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ADC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Agree Realty analyst ratings.</a>
<h2>Unveiling the Story Behind Agree Realty</h2>
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
<h3>Financial Insights: Agree Realty</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Agree Realty's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 13.19%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.62%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.83%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.52%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.55.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Demystifying Agree Realty: Insights From 8 Analyst Reviews

JMP Securities analyst Mitch Germain reiterates Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) from Market Perform to Market Perform.

News

Reiteration

JMP Securities Reiterates Market Perform on Agree Realtyto Market Perform

We have discussed why I favor real estate and Real Estate Investment Trusts. Since 1972, REITs have outperformed the major indexes. According to CEM Benchmarking, publicly traded real estate has outperformed every asset class except private equity since 1998. REITs have an excellent track record of paying and growing dividends.
Most people would rather chase stories than be the landlord and lender. I know far more wealthy lenders and landlords than I do rich dreamers.
Right now, most investors either hate real estate or simply do not think about it. The instant experts of the internet are convinced that real estate is heading to zero and will crash the banking system. They believe only bitcoin and AI stocks are worth buying. That is not going to happen.
Make your own call on bitcoin and AI. But consider this: who needs real estate?
Bitcoin and AI companies and their employees do. They need office space. They live somewhere. They shop at stores, pharmacies, and frequent gas stations and convenience stores. They visit doctors and labs. They travel to conferences usually held in hotels.
Those that actually manufacture products will eventually need warehouse and logistics space. Bitcoin miners need physical locations to house all those computers.
The majority of high-tech startups are going nowhere, but the people involved will still interact with real estate and make landlords wealthy regardless of how their ventures turn out.
I am not the only one who likes real estate at current prices.
&nbsp;I am seeing insiders who run these REITs (people who know the market better than anyone) begin making open market purchases of their own stocks.
John Rakolta Jr. is Chairman of Walbridge, one of the largest privately owned construction companies in the United States. Walbridge is a top U.S. builder of automotive and manufacturing facilities and has achieved considerable market diversity through expansion into the hyperscale data center market. He is also a Director of Agree Realty and has been aggressively buying shares in the open market recently.
While the instant experts of the internet scream &#8220;retail apocalypse&#8221; and predict the death of brick-and-mortar stores, Agree Realty (Ticker: ADC) has not only survived but thrived by completely rewriting the playbook. Agree Realty represents everything I look for in a long-term holding: contrarian thinking, exceptional management, fortress-like financials, and a business model that generates predictable cash flows in an unpredictable world.
In 2010, while everyone was fleeing retail real estate like it was radioactive, Agree Realty management team made a prescient decision that would define the company future. They launched their acquisition platform with a laser focus on &#8220;e-commerce resistance,&#8221; a concept largely ignored by the investment community at the time.
Consider that timing. This was just two years after the financial crisis, with Amazon retail dominance becoming increasingly apparent and traditional retailers closing stores left and right. Most investors and REITs were fleeing the sector. But Joey Agree and his team saw something different. They understood that certain types of retail were not going to disappear. They were going to evolve and become more essential than ever.
This was not just lucky timing. It marked the beginning of what would become one of the most successful strategic repositioning stories in REIT history.
Agree management articulated something Wall Street was missing: the emergence of the omni-channel economy. As Joey Agree explained in 2016, &#8220;Every retailer in the country is going to have to have billions of dollars, national retailers, to experiment, to test and eventually effectuate a true omni-channel experience because you cannot be an e-commerce-based retailer or just a brick-and-mortar-based retailer today. It does not work.&#8221;
This was not corporate speak. It was a fundamental insight that would prove prophetic. While others saw physical stores as dinosaurs, Agree saw them as critical infrastructure for the new retail economy. Stores were not just selling locations anymore; they were fulfillment centers, pickup points, showrooms, and customer experience hubs all rolled into one.
The company &#8220;RETHINK RETAIL&#8221; campaign was not marketing fluff. It was a declaration of war against conventional wisdom.
Let me walk you through some of Agree greatest hits, because this is where the company investment acumen really shines:
Tractor Supply Company (Ticker: TSCO) &#8211; Agree first acquired a Tractor Supply location in Q3 2013 when the company was still relatively unknown outside rural markets. Management saw something special: a retailer with no national competition serving the growing rural lifestyle market with products that could not easily be replicated online.
By Q2 2016, management was saying: &#8220;While neither Tractor Supply Company nor Hobby Lobby maintains a public credit rating, both possess investment-grade quality financials with very strong balance sheets.&#8221; They were ahead of the rating agencies by years.
By Q3 2018, their conviction was proven right: &#8220;We have a fantastic relationship with their real estate team. The business is really thriving. They have no national competition. They also have the highest-rated e-commerce website of any retailer.&#8221;
Today, after acquiring over 115 locations since 2013, Tractor Supply is Agree second-largest tenant at 4.9% of base rent. More importantly, TSCO was upgraded to investment grade (BBB by S&amp;P and Baa1 by Moody) in October 2020, validating Agree early assessment of the company credit quality.
Gerber Collision In 2014, Agree identified and met with The Boyd Group, parent company of Gerber Collision, recognizing early that this was a company positioned to consolidate a highly fragmented auto collision repair market. Their first acquisition came in Q3 2017.
By Q1 2018, management was already calling Gerber &#8220;the premier auto collision operator in the United States&#8221; and committed to working with them across all three growth platforms. By Q1 2022, they were describing their strategy as &#8220;identifying early on a retailer that we thought was in a tremendous position to access a fragmented space and had the balance sheet capabilities to do so.&#8221;
The result? Agree built a preferred development relationship with Gerber, developing over 20 locations to support their organic growth. Today, Gerber Collision is their 12th largest tenant with over 95 locations representing 2.3% of base rent.
Sunbelt Rentals First acquired in Q4 2015, Sunbelt Rentals represented Agree&#8217;s bet on the shift from equipment ownership to rental in the construction industry. As management explained in Q4 2019: &#8220;the only investment-grade operator in the country. If you look at the equipment ownership versus rental in this country&#8230; it is very, very low relative to Western Europe. And so, there&#8217;s a big opportunity in this country for equipment rental rather than ownership.&#8221;
The parent company, Ashtead Group, achieved investment grade ratings (BBB- by S&amp;P in August 2018, Baa3 by Moody), and by Q1 2022, management noted that &#8220;Our decision to invest in Sunbelt Rentals was recently reinforced by their upgraded BBB rating by Fitch.&#8221;
Sunbelt is now Agree 13th largest tenant with over 55 locations, representing 2.3% of base rent.
TJX Companies (Ticker: TJX) Agree relationship with TJX (parent of T.J. Maxx, Marshalls, and HomeGoods) dates back to 2012 when they developed their first T.J. Maxx. The company recognized early that off-price retailers had a sustainable competitive advantage in their treasure-hunt shopping experience and deep vendor relationships.
The insight proved prescient. As management noted in Q2 2017: &#8220;At the same time, in terms of women&#8217;s apparel, you look at T.J. Maxx&#8230;the off-price retailers have thrived.&#8221; By Q4 2017, they were saying: &#8220;the TJX Companies&#8230;is now our #5 tenant. We have a strong bias towards off-price retail and the experience and value proposition that it provides for consumers.&#8221;
Today, TJX is their 6th largest tenant at 3.1% of base rent, and the company continues to expand aggressively. Since 2012, Agree has acquired or developed over 55 TJX locations.
Let me give you a comprehensive look at Agree top tenants, because this portfolio tells the story of a company that has systematically assembled the cream of American retail:
Top 15 Tenants by Annualized Base Rent:
<ol start="1" class="wp-block-list">
<li>Walmart (Ticker: WMT) (5.9%, $38.5M ABR) &#8211; The undisputed king of retail, with the most advanced omni-channel operation in the world. Investment grade (AA from multiple agencies).</li>
<li>Tractor Supply (Ticker: TSCO) (4.9%, $31.8M ABR) &#8211; Dominant rural lifestyle retailer with no national competition. Upgraded to investment grade in 2020 (BBB/Baa1).</li>
<li>Dollar General (Ticker: DG) (4.4%, $28.4M ABR) &#8211; Leading small-box discount retailer serving rural and urban markets where traditional retailers can&#8217;t compete economically. Investment grade (BBB/Baa2).</li>
<li>Best Buy (Ticker: BBY) (3.3%, $21.7M ABR) &#8211; The last major electronics retailer standing, with a successful omni-channel model and services business. Investment grade (BBB/Baa1).</li>
<li>Kroger (Ticker: KR) (3.2%, $20.5M ABR) &#8211; One of America&#8217;s largest supermarket chains with advanced digital capabilities and strong market positions. Investment grade (BBB-/Baa1).</li>
<li>TJX Companies (Ticker: TJX) (3.1%, $20.0M ABR) &#8211; Off-price retail leader with T.J. Maxx, Marshalls, and HomeGoods. Investment grade (A-/A2).</li>
<li>CVS Pharmacy(Ticker: CVS) (3.1%, $19.9M ABR) &#8211; Healthcare-focused pharmacy chain with integrated health services. Investment grade (BBB/Baa2).</li>
<li>Dollar Tree (Ticker: DLTR) (2.8%, $18.3M ABR) &#8211; Fixed-price point retailer with defensive characteristics. Investment grade (BB+/Ba1 &#8211; sub-investment grade but improving).</li>
<li>O&#8217;Reilly Auto Parts (Ticker: ORLY) (2.8%, $18.3M ABR) &#8211; Leading automotive aftermarket parts retailer with strong same-store sales growth and e-commerce resistance. Investment grade (BBB+/Baa1).</li>
<li>Hobby Lobby (2.8%, $18.2M ABR) &#8211; Dominant craft retailer with no direct national competition and products difficult to replicate online. Privately held but with investment-grade quality financials.</li>
<li>Lowe&#8217;s (Ticker: LOW) (2.8%, $17.9M ABR) &#8211; Second-largest home improvement retailer with strong omni-channel capabilities. Investment grade (BBB/Baa2).</li>
<li>Gerber Collision (2.3%, $15.2M ABR) &#8211; Leading auto collision repair chain owned by Boyd Group. Investment grade parent (BBB-/Baa3).</li>
<li>Sunbelt Rentals (2.3%, $15.0M ABR) &#8211; Equipment rental leader owned by Ashtead Group. Investment grade parent (BBB/Baa3).</li>
<li>7-Eleven (2.2%, $14.2M ABR) &#8211; Convenience store leader with defensive location characteristics. Investment grade parent.</li>
<li>Burlington (Ticker: BURL) (2.2%, $14.0M ABR) &#8211; Off-price apparel retailer with strong growth trajectory. Sub-investment grade but improving credit profile.</li>
</ol>
What strikes me about this list is the intentionality behind every single tenant. These are not random retail relationships. They are carefully curated partnerships with companies that have either achieved market dominance, possess unique competitive advantages, or operate in sectors with natural barriers to e-commerce disruption.
Perhaps most impressive is the credit quality: 68.3% of Agree base rent comes from investment-grade tenants. This is not an accident. It is the result of a deliberate strategy to partner with retailers that have strong balance sheets and sustainable business models.
The tenant mix also reveals smart sector allocation:
<ul class="wp-block-list">
<li>Grocery Stores (10.1%): Essential, frequent-visit retailers with omni-channel capabilities</li>
<li>Home Improvement (9.1%): Large-ticket items requiring customer inspection and immediate fulfillment</li>
<li>Convenience Stores (7.8%): Location-dependent businesses with defensive characteristics</li>
<li>Tire &amp; Auto Service (7.8%): Services that require physical presence and specialized equipment</li>
<li>Dollar Stores (7.0%): Serving markets too small for traditional competitors</li>
</ul>
I want to spend a moment on Walmart specifically, because at 5.9% of base rent, they are Agree largest tenant, and this relationship exemplifies everything the company does right.
Walmart is not just surviving the retail apocalypse. They are winning it. The company has built the most sophisticated omni-channel operation in retail, with stores serving as fulfillment centers, pickup locations, and last-mile delivery hubs. Their e-commerce growth has been explosive, but rather than cannibalizing store sales, it is making their physical locations more valuable than ever.
For Agree, Walmart represents the perfect tenant: investment grade credit (AA rating), growing business model, and a real estate strategy that aligns perfectly with the omni-channel future. These are not legacy stores that might become obsolete. They are critical infrastructure for Walmart continued growth.
While the tenant quality is impressive, what really captures my attention is Agree&#8217;s balance sheet. This is what a fortress looks like:
<ul class="wp-block-list">
<li>Investment grade ratings: Baa1 from Moody&#8217;s, BBB+ from S&amp;P</li>
<li>Net debt to recurring EBITDA: 4.9x actual, 3.4x proforma (including forward equity)</li>
<li>Fixed charge coverage ratio: 4.3x</li>
<li>No material debt maturities until 2028</li>
<li>Total liquidity: approximately $2.6 billion</li>
<li>Outstanding forward equity: over $1.3 billion</li>
<li>Revolver capacity: $1.2 billion</li>
</ul>
This gives them tremendous flexibility to take advantage of market dislocations.
With their fortress balance sheet and $2.6 billion in liquidity, Agree is positioned for accelerated growth. Management recently raised their 2025 investment guidance to $1.3-$1.5 billion (up from $1.1-$1.3 billion), reflecting confidence in their ability to find attractive opportunities.
The investment pipeline is enormous: management estimates over 169,000 net lease opportunities across their target sectors, with $92+ billion in opportunities reviewed since 2018. They have been highly selective, investing only $8.0 billion over that period, demonstrating disciplined capital allocation.
In a world where dividend cuts have become commonplace, Agree has paid 159 consecutive monthly dividends with an average AFFO payout ratio of just 75% over the past ten years. The dividend has grown at approximately 6% annually over the past decade, reaching $2.99 per share in 2024.
This is not a yield play built on an unsustainable payout ratio. It is a genuine dividend growth story backed by growing cash flows and conservative financial management.
Here is what I find most compelling about Agree Realty: they have built a dominant position in a sector that most investors still view with skepticism. This creates a sustained competitive advantage. While others avoid retail real estate, Agree gets first look at the best opportunities.
The &#8220;retail apocalypse&#8221; narrative has created a two-tiered market where strong retailers with good real estate get phenomenal terms, while struggling concepts cannot secure financing at any price. Agree benefits from both sides of this dynamic: they get attractive pricing on quality assets while weak competitors are eliminated from their markets.
In a market obsessed with the next shiny object, Agree Realty has quietly built one of the highest-quality REIT portfolios in the market by betting on American retail evolution rather than its demise. They have assembled a collection of retailers that are not just surviving the omni-channel transition. They are thriving because of it.
While others were running from retail real estate, Agree was building relationships with the winners. While others were chasing yield at any cost, Agree was building a sustainable dividend growth engine. While others were leveraging up in good times, Agree was building a fortress balance sheet for all seasons.
This is the kind of contrarian, quality-focused investment that can anchor a portfolio for decades. In a world of uncertainty, Agree Realty offers something increasingly rare: predictable, growing cash flows backed by essential real estate infrastructure and managed by a team with a &#x2A;proven track record of outstanding capital allocation.
Sometimes the best investments are hiding in plain sight, dismissed by the crowd but quietly compounding wealth for those patient enough to see past the headlines.
The insiders in real estate see the opportunity.
You should as well.

Opinion

BURL

DLTR

ORLY

TSCO

Alpha Buying: How This Company Quietly Took Over American Storefronts

Mizuho analyst Haendel St. Juste maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Neutral and lowers the price target from $81 to $78.

Price Target

Mizuho Maintains Neutral on Agree Realty, Lowers Price Target to $78

Barclays analyst Richard Hightower maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Equal-Weight and raises the price target from $75 to $77.

Barclays Maintains Equal-Weight on Agree Realty, Raises Price Target to $77

Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Agree Realty and provided 12-month price targets. The average target is $81.06, accompanied by a high estimate of $84.00 and a low estimate of $75.00. This upward trend is apparent, with the current average reflecting a 3.26% increase from the previous average price target of $78.50.
<img src="https://www.benzinga.com/files/images/story/2025/1747418431_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Agree Realty among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$84.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>RJ Milligan</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>James Kammert</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$83.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.50</td>
<td>$81.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$81.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>John Kilichowski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$81.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Richard Hightower</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Agree Realty. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Agree Realty's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Agree Realty's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ADC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Agree Realty analyst ratings.</a>
<h2>About Agree Realty</h2>
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
<h3>Unraveling the Financial Story of Agree Realty</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Agree Realty's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 13.19%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Agree Realty's net margin is impressive, surpassing industry averages. With a net margin of 26.62%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Agree Realty's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.83%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Agree Realty's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.52%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.55, Agree Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Agree Realty Stock: Analyst Perspectives (8 Ratings)

UBS analyst Michael Goldsmith maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and lowers the price target from $86 to $84.

UBS Maintains Buy on Agree Realty, Lowers Price Target to $84

Truist Securities analyst Ki Bin Kim maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and raises the price target from $77 to $82.

Truist Securities Maintains Buy on Agree Realty, Raises Price Target to $82

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Agree Realty, LCI Industries, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 6%.
Agree Realty
Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is a real estate investment trust that acquires and develops properties net leased to industry-leading, omnichannel retail tenants.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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Agree Realty has increased its dividends consecutively for the last 12 years. In its most recent dividend announcement on April 10, it raised the monthly payout from $0.253 to $0.256 per share, equal to an annual figure of $3.072 per share. The dividend yield on the stock currently stands at 3.88%.
Agree Realty&#8217;s annual revenue as of Dec. 31 stood at $617.10 million. According to its Q1 2025 earnings release on April 22, the company posted revenues of $169.16 million and AFFO of $1.06. Both figures came in above the consensus estimates.&nbsp;
If you invested $10,000 in Agree Realty stock 10 years ago, how much would you have now? Check out this <a href="https://www.benzinga.com/real-estate/25/04/44604608/if-you-invested-10k-in-agree-realty-stock-10-years-ago-how-much-would-you-have-now">article by Benzinga</a> to learn more.&nbsp;
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
LCI Industries
LCI Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LCII#NYSE">LCII</a>) manufactures and supplies engineered components for the manufacturers of recreational vehicles and adjacent industries in the U.S. and internationally.
LCI Industries has increased dividends every year for the last nine years. According to its most recent dividend hike announcement on Nov. 14, 2024, the company's board raised the quarterly payout from $1.05 to $1.15 per share, equal to an annual figure of $4.60 per share. More recently, in its dividend announcement on Feb. 19, the company maintained the payout at the same level. The current dividend yield on the stock is 5.83%.
The company&#8217;s annual revenue as of Dec. 31 stood at $3.74 billion. In its Q4 2024 earnings release on Feb. 11, it posted revenues of $803.14 million and EPS of $0.37, both above the consensus estimates.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Allete
Allete (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALE#NYSE">ALE</a>) operates as an energy company in two segments, Regulated Operations and Allete Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar.
The company has raised its dividends every year for the last 14 years. As per its most recent dividend hike announcement on Jan. 30, its board increased the quarterly payout by 3.5% to $0.73, equaling an annual figure of $2.92 per share. The current dividend yield is 4.48%.
ALLETE&#8217;s annual revenue as of Dec. 31 stood at $1.53 billion. In its most recent earnings report on Feb. 13, the company posted Q4 2024 revenues of $364.80 million and EPS of $0.87. Both figures missed consensus estimates.
Agree Realty, LCI Industries, and Allete are good choices for investors seeking reliable passive income. Their dividend yields of up to nearly 6% and long history of consistent hikes make them attractive to income-focused investors.
Check out this <a href="https://www.benzinga.com/personal-finance/25/04/44940859/why-johnson-johnson-chevron-and-flowers-foods-are-winners-for-passive-income">article by Benzinga</a> for three more stocks offering high dividend yields.&nbsp;
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Image: Shutterstock

Personal Finance

LCII

Why  Agree Realty, LCI Industries, And Allete Are Winners For Passive Income

Baird analyst RJ Milligan maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Outperform and raises the price target from $76 to $80.

Baird Maintains Outperform on Agree Realty, Raises Price Target to $80

Evercore ISI Group analyst James Kammert maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Outperform and raises the price target from $82 to $83.

Evercore ISI Group Maintains Outperform on Agree Realty, Raises Price Target to $83

Reported Earlier, Agree Realty Prices 4.5M Share Forward Offering At $75.70 Each, Eyes Future Settlement For Corporate Funding

Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) has been analyzed by 7 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $78.64, along with a high estimate of $82.50 and a low estimate of $74.00. This upward trend is apparent, with the current average reflecting a 1.75% increase from the previous average price target of $77.29.
<img src="https://www.benzinga.com/files/images/story/2025/1745438460_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Agree Realty among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Simon Yarmak &#x7C;Stifel &#x7C;Raises &#x7C;Buy &#x7C; $82.50&#x7C;$81.00 &#x7C; 
&#x7C;Haendel St. Juste &#x7C;Mizuho &#x7C;Raises &#x7C;Neutral &#x7C; $81.00&#x7C;$74.00 &#x7C; 
&#x7C;John Kilichowski &#x7C;Wells Fargo &#x7C;Raises &#x7C;Overweight &#x7C; $81.00&#x7C;$78.00 &#x7C; 
&#x7C;Richard Hightower &#x7C;Barclays &#x7C;Raises &#x7C;Equal-Weight &#x7C; $75.00&#x7C;$74.00 &#x7C; 
&#x7C;Brad Heffern &#x7C;RBC Capital &#x7C;Lowers &#x7C;Outperform &#x7C; $78.00&#x7C;$79.00 &#x7C; 
&#x7C;Richard Hightower &#x7C;Barclays &#x7C;Lowers &#x7C;Underweight &#x7C; $74.00&#x7C;$76.00 &#x7C; 
&#x7C;Brad Heffern &#x7C;RBC Capital &#x7C;Maintains &#x7C;Outperform &#x7C; $79.00&#x7C;$79.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Agree Realty. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Agree Realty compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Agree Realty's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Agree Realty's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ADC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Agree Realty analyst ratings.</a>
<h2>Delving into Agree Realty's Background</h2>
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
<h3>Financial Insights: Agree Realty</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Agree Realty's remarkable performance in 3M is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 11.49%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Agree Realty's net margin excels beyond industry benchmarks, reaching 26.92%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Agree Realty's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.83%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Agree Realty's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.52%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.53.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Agree Realty Through The Eyes Of 7 Analysts

Stifel analyst Simon Yarmak maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and raises the price target from $81 to $82.5.

Stifel Maintains Buy on Agree Realty, Raises Price Target to $82.5

Guidance

Agree Realty Raises FY2025 FFO Guidance from $4.26-$4.30 to $4.27-$4.30 vs $4.23 Est

Earnings

Earnings Beats

Agree Realty Q1 FFO $1.06 Beats $1.04 Estimate, Sales $169.16M Beat $163.88M Estimate

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<h3>Companies Reporting After The Bell</h3>
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• Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $259.27 million. 
• First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $32.78 million. 
• Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $170.28 million. 
• Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $1.85 per share on revenue of $4.24 billion. 
• Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.73 per share on revenue of $2.19 billion. 
• EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.91 per share on revenue of $2.00 billion. 
• Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $2.12 billion. 
• PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $517.92 million. 
• PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $92.33 million. 
• QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is expected to report quarterly earnings at $1.51 per share on revenue of $94.26 million. 
• Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $63.43 million. 
• Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is likely to report quarterly earnings at $1.03 per share on revenue of $123.82 million. 
• Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $357.20 million. 
• Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $6.52 billion. 
• Zurn Elkay Water Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $383.55 million. 
• Usana Health Sciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USNA#NYSE">USNA</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $243.08 million. 
• Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $110.68 million. 
• Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $361.15 million. 
• First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $117.56 million. 
• West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $1.53 billion. 
• Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $1.21 billion. 
• Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $803.02 million. 
• Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $166.00 million. 
• National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $107.47 million. 
• Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $119.45 million. 
• MIND Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) is expected to report quarterly earnings at $0.18 per share on revenue of $12.20 million. 
• Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $273.47 million. 
• Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $195.35 million. 
• Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $22.46 billion. 
• East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is expected to report quarterly earnings at $2.06 per share on revenue of $652.47 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BUSE

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Earnings Scheduled For April 22, 2025

Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is preparing to release its quarterly earnings on Tuesday, 2025-04-22. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Agree Realty to report an earnings per share (EPS) of $1.05.
Investors in Agree Realty are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.01, leading to a 1.65% drop in the share price the following trading session.
Here's a look at Agree Realty's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.03</td>
<td>1.03</td>
<td>1.03</td>
<td>1.01</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.04</td>
<td>1.03</td>
<td>1.04</td>
<td>1.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745251305_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Agree Realty were trading at $79.05 as of April 18. Over the last 52-week period, shares are up 36.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Agree Realty</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Agree Realty.
Analysts have provided Agree Realty with 6 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $78.0, suggesting a potential 1.33% downside.
<h3>Comparing Ratings with Competitors</h3>
The below comparison of the analyst ratings and average 1-year price targets of Federal Realty Investment, NNN REIT and Brixmor Property Group, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Outperform trajectory for Federal Realty Investment, with an average 1-year price target of $113.22, suggesting a potential 43.23% upside.</li>
<li>Analysts currently favor an Neutral trajectory for NNN REIT, with an average 1-year price target of $44.17, suggesting a potential 44.12% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Brixmor Property Group, with an average 1-year price target of $29.61, suggesting a potential 62.54% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary outlines pivotal metrics for Federal Realty Investment, NNN REIT and Brixmor Property Group, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Agree Realty</td>
<td>Outperform</td>
<td>11.49%</td>
<td>$140.37M</td>
<td>0.83%</td>
</tr>
<tr>
<td>Federal Realty Investment</td>
<td>Outperform</td>
<td>6.73%</td>
<td>$209.50M</td>
<td>2.09%</td>
</tr>
<tr>
<td>NNN REIT</td>
<td>Neutral</td>
<td>1.04%</td>
<td>$207.34M</td>
<td>2.24%</td>
</tr>
<tr>
<td>Brixmor Property Group</td>
<td>Neutral</td>
<td>3.78%</td>
<td>$242.50M</td>
<td>2.84%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Agree Realty ranks highest in Revenue Growth among its peers. It has the lowest Gross Profit margin. The company's Return on Equity is the lowest among its peers. Overall, Agree Realty is positioned in the middle compared to its peers in terms of consensus rating.
<h3>Delving into Agree Realty's Background</h3>
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
<h3>Agree Realty's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Agree Realty's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 11.49%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Agree Realty's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.92% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Agree Realty's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.83%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Agree Realty's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.52%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Agree Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.53.
<a href="https://www.benzinga.com/quote/ADC/earnings">To track all earnings releases for Agree Realty visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at Agree Realty's Upcoming Earnings Report

Press Releases

Real Estate

Agree Realty Announces First Quarter 2025 Earnings Release Date and Conference Call Information

Dividends

Agree Realty Declares Increased Monthly Common Dividend

Agree Realty Corporation Reports First Quarter 2025 Results

Offerings

Agree Realty Announces Common Stock Offering

Agree Realty Announces Pricing of Forward Common Stock Offering

Agree Realty Announces Exercise of Underwriters' Option and Closing of Forward Offering of Common Stock

Agree Realty Declares Monthly Common and Preferred Dividends

Agree Realty Announces Pricing of $400 Million of 5.600% Senior Unsecured Notes Due 2035

Agree Realty Announces Second Quarter 2025 Earnings Release Date and Conference Call Information

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