Keybanc Cuts Agree Realty (ADC) Price Target to $76
Key Points
- Keybanc reduced its price target on Agree Realty from $82 to $76, signaling a cautious outlook despite maintaining an Overweight rating.
- Keybanc's $76 price target implies 12.78% upside from Agree Realty Corporation's ($ADC) current $67.39 share price.
- Agree Realty shares closed at $67.20 on October 27, 2026, and recently traded around $67.39, about 11.3% below the new price target.
- The company has a dividend yield of 4.83%, and its next earnings report is scheduled for February 9, 2027.
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On October 27, 2026, Keybanc lowered its price target on Agree Realty Corporation (ADC) from $82 to $76 while maintaining an Overweight rating. This change comes as the company continues to navigate the retail real estate landscape.
Keybanc's new target reflects a cautious approach to Agree Realty's performance amid broader market conditions. The shares closed at $67.20 on that day, with a recent trading price of $67.39, indicating they are about 11.3% below the new price target. The stock is also trading below its 50-day and 200-day moving averages, suggesting some weakness in momentum.
ADC
Agree Realty Corporation
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Other Institutional Activity in Agree Realty
Cohen & Steers Inc. trimmed its holdings by 1,461,337 shares, ending with 16,403,414 shares worth about $1.1 billion. Principal Financial Group, Inc. increased its position by 136,237 shares, totaling 4,662,379 shares valued at approximately $313.3 million. CenterSquare Investment Management LLC added 301,450 shares, bringing its total to 3,730,917 shares worth around $250.7 million. Meanwhile, Two Sigma Investments, LP reduced its stake by 506,856 shares, now holding 3,535,058 shares valued at about $237.6 million.
Agree Realty Corporation Stock Holds Steady
Agree Realty shares closed at $67.20 on October 27, 2026, and are currently trading around $67.39. This price is about 17.9% below the 52-week high of $82.08 and 4.7% above the 52-week low of $64.34. With a market capitalization of approximately $8.36 billion, the stock's current trading position suggests it may be facing some challenges in gaining traction.
$ADC price target
Agree Realty Corporation daily closes and this analyst's $76 target. Not advice.
Recent Earnings
Agree Realty reported trailing twelve-month revenue of $810.3 million with earnings per share (EPS) of $1.94. The company has shown a revenue growth of 16.7% year-over-year. Its next earnings report is expected on February 9, 2027.
Dividend
Agree Realty has a dividend rate of $3.25 per share, yielding about 4.83%. The company's payout ratio is notably high at 163.6%, indicating it pays out more in dividends than it earns in profit.
Insider Buying and Selling at Agree Realty Corporation
Johnjr Rakolta, a Director, bought 10,000 shares at an average price of $72.42 on August 31, 2026, totaling $724,200. He also purchased 20,000 shares at $68.78 on September 16, 2026, worth $1.38 million. CEO Joel N. Agree acquired 7,360 shares at $68.06 on the same day for about $500,922. Officer Craig Erlich bought 1,000 shares at $67.55 on September 21, 2026, totaling $67,550.
Analysts Set New Price Targets
On October 27, 2026, Keybanc lowered its price target for Agree Realty from $82 to $76 while maintaining an Overweight rating. Other analysts, such as Baird, also adjusted their targets, with Baird maintaining its target at $76. The average price target among analysts is $77.75, with 18 opinions recommending a buy.
About Agree Realty Corporation
Agree Realty Corporation is a real estate investment trust (REIT) that focuses on acquiring and developing properties leased to top-tier retail tenants. As of September 30, 2026, it owned and operated 2,888 properties across the United States, covering about 61.1 million square feet of gross leasable area. This focus on retail positions the company uniquely in the evolving market.
Bottom Line
Investors will be watching how Agree Realty performs in the upcoming earnings report on February 9, 2027. Keybanc's recent price target adjustment reflects its view on the company's prospects in a competitive retail environment.
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Source: Keybanc's rating change on $ADC (Oct 27, 2026). Written by software, not financial advice. How we make alerts