Stifel Cuts Agree Realty (ADC) Price Target to $76.50
Key Points
- Stifel maintained its Buy rating on Agree Realty Corporation on October 21, 2026, lowering its price target to $76.50 from $81.50.
- Stifel's $76.50 price target implies 18.62% upside from Agree Realty Corporation's ($ADC) current $64.49 share price.
- Agree Realty Corporation recently traded around $64.49, holding near its 52-week low of $64.34 set earlier.
- Wall Street maintains a general consensus buy rating on the retail REIT with a mean target price of $79.11.
Since the rating, $ADC is up 2.8% to date (from the $64.49 close on Oct 21, 2026).
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On October 21, 2026, Stifel reaffirmed its Buy rating on Agree Realty Corporation NYSE: ADC while lowering its price target on the retail real estate investment trust from $81.50 to $76.50. The research note arrived as part of a broader round of Wall Street updates for the retail landlord.
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Agree Realty Corporation
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Stifel's Call on Agree Realty Corporation
Stifel kept its positive stance on the stock with a Buy rating, though the firm trimmed its 12-month outlook by $5.00 from its previous $81.50 target. Shares of Agree Realty closed at $64.49 on October 21, 2026, leaving the stock trading below the firm's new target level.
Other Institutional Activity in Agree Realty Corporation
Large institutional investors made notable adjustments to their Agree Realty positions in filings covering the period ending June 30, 2026. Cohen & Steers Inc. reduced its holdings by 1,461,337 shares, ending the period with 16,403,414 shares worth about $1.09 billion. Principal Financial Group, Inc. grew its holdings by 136,237 shares, ending with 4,662,379 shares worth about $311.07 million. CenterSquare Investment Management LLC added 301,450 shares, finishing with 3,730,917 shares valued at roughly $248.93 million. Two Sigma Investments, LP trimmed its stake by 506,856 shares, leaving it with 3,535,058 shares worth about $235.86 million. Daiwa Securities Group Inc. lowered its position by 39,984 shares, holding 2,921,805 shares valued at about $194.94 million at the close of June.
Agree Realty Corporation Stock Holds Steady
The retail real estate owner recently traded at $64.49 as of October 22, 2026, sitting right near its 52-week low of $64.34 and well below its 52-week high of $82.08. The stock trades below its 50-day moving average of $69.74 and its 200-day moving average of $74.67. Agree Realty carries a market capitalization of roughly $8.30 billion with a price-to-earnings ratio of 34.39.
$ADC price target
Agree Realty Corporation daily closes and this analyst's $76.50 target. Not advice.
Recent Earnings
Agree Realty generated $810.28 million in trailing twelve-month revenue. The REIT posted earnings of $1.94 per share over the same period, alongside a trailing return on equity of 3.8% and a net profit margin of 29.8%. Year-over-year revenue growth reached 16.7%. The company's next earnings report is scheduled for release on February 9, 2027.
Dividend
The real estate investment trust pays an annual dividend rate of $3.25 per share, representing a dividend yield of 5.04%. The company's dividend payout ratio stands at 163.6%.
Insider Buying and Selling at Agree Realty Corporation
Company insiders were active buyers of the stock in the months leading up to Stifel's update. Director Johnjr Rakolta purchased 10,000 shares at $72.42 per share for a total of $724,200 on August 31, 2026, followed by another purchase of 20,000 shares at $68.78 per share worth $1,375,600 on September 16, 2026. Chief Executive Officer Joel N Agree bought 7,360 shares at $68.06 per share for $500,922 on September 16, 2026. Officer Craig Erlich acquired 1,000 shares at $67.55 per share for a total value of $67,550 on September 21, 2026.
Analysts Set New Price Targets
Other Wall Street firms adjusted their targets alongside Stifel. On October 19, 2026, Wells Fargo maintained its Overweight rating and lowered its price target from $83.00 to $79.00. Barclays maintained its Equal-Weight rating on October 20, 2026, reducing its target from $85.00 to $76.00. BNP Paribas maintained a Neutral rating on October 21, 2026, dropping its target from $84.00 to $74.00. Baird kept an Outperform rating on October 21, 2026, trimming its target from $77.00 to $76.00. Across the wider analyst community, the stock holds a consensus buy rating with a mean price target of $79.11 based on 18 analyst opinions.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust headquartered in Royal Oak, Michigan. The company acquires, develops, and manages properties net-leased to industry-leading retail tenants across the United States. As of mid-2026, its portfolio encompasses thousands of properties spanning all 50 states.
Bottom Line
Investors will follow the company's upcoming earnings release on February 9, 2027, for further updates on retail portfolio expansion and rental income trends. The discount between the current share price and Stifel's $76.50 target highlights the recent pullback in retail REIT valuations.
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Source: Stifel's rating change on $ADC (Oct 21, 2026). Written by software, not financial advice. How we make alerts