ADC

AGREE REALTY CORP

NYSE · Real Estate Investment Trusts · Inc. DE · CIK 0000917251
$75.83 +1.40% $9.1B
Insider Buying Cluster (3 insiders)High Impact Filing (8/10)21 New Institutional Positions15 Institutional Exits
Vol
Market Cap$9.1B
Cap SizeMid Cap
Analyst ConsensusBuy (63%)
Inst. Holders50 funds
Inst. Value$5.9B
Inst. Activity21 buys / 15 sells
Insider Activity5B / 0S
Insider Net $$2.9M
Reddit Sentiment50° Neutral
SEC Reports7
Congressional1 trades
Exchange NYSE·Sector Real Estate Investment Trusts·Inc. DE·CIK 0000917251·Prev Close $74.78

Recent Activity

Jun 8, 2026 SEC
Executive Chairman Richard Agree made a single open-market purchase of 5,000 ADC shares at $71.41, totaling $357K. This
INSIDER-BUY — Impact 5/10
Jun 4, 2026 Insider
AGREE RICHARD bought 5,000 shares
EXECUTIVE CHAIRMAN OF BOARD @ $71.41 ($357.1K)
May 18, 2026 SEC
CEO Joey Agree purchased $1.0M of ADC stock and director Greg Lehmkuhl bought $56K, alongside non-cash director grants.
CLUSTER — Impact 3/10
May 18, 2026 SEC
CEO Joey Agree and Director Greg Lehmkuhl made open-market purchases totaling ~$1.06M in ADC, with the CEO alone buying
CLUSTER — Impact 6/10
May 18, 2026 dark_pool
Dark Pool: ADC — 1.6M shares, 29,504 trades
Week starting 2026-05-18. Total ATS volume: 1,565,112 shares across 29,504 trades.
May 15, 2026 Insider
RAKOLTA JOHN JR bought 20,000 shares
Director @ $74.57 ($1.5M)
May 14, 2026 Insider
Frankel Merrie S. was granted 432 shares
Director
Inst.
Daiwa Securities Group Inc. — ADD
2,961,683 shares ($223.3M)

Price Targets

$84.56 +11.5% upside Buy
Current $75.83 Low $80.00 Median $84.00 High $92.00 18 analysts
$80.00 $92.00

Analyst Ratings

Buy63% buy · 24 analysts
6Strong Buy
9Buy
9Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 19, 2026 Barclays MAINTAIN Equal-Weight → Equal-Weight
May 13, 2026 Mizuho MAINTAIN Neutral → Neutral
Apr 24, 2026 Citigroup MAINTAIN Neutral → Neutral
Apr 23, 2026 RBC Capital MAINTAIN Outperform → Outperform
Apr 22, 2026 Baird MAINTAIN Outperform → Outperform

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.46 ▼ -3.1% $0.44 — $0.48 0% YoY 3
Next Q $0.47 ▼ -3.6% $0.45 — $0.48 -0% YoY 3
Current FY $1.90 ▼ -0.8% $1.90 — $1.90 4% YoY 1
Next FY $1.95 ▼ -2.3% $1.73 — $2.08 3% YoY 3

Top Institutional Holders

FundValueMove
BlackRock, Inc.$1.3B
VANGUARD PORTFOLIO MANAGEMENT LLC$773.4M
STATE STREET CORP$451.3M
VANGUARD CAPITAL MANAGEMENT LLC$403.0M
TWO SIGMA INVESTMENTS, LP$304.7M

Recent Insider Trades

DateInsiderTypeValue
Jun 4, 2026AGREE RICHARDBUY$357.1K
May 15, 2026RAKOLTA JOHNBUY$1.5M
May 14, 2026Frankel MerrieA$0.00
May 14, 2026Agree JoeyBUY$1.0M
May 14, 2026Lehmkuhl GregA$0.00

Reddit Sentiment

50°
Neutral
Bearish Neutral Bullish
4 mentions 2 bullish 2 bearish

Congressional Trades

1 members: 0 buys, 1 sells
MemberPartyTypeAmount
Gilbert CisnerosDSELL$15,001 - $50,000
50 institutional holders with $5.9B total value (78,159,728 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 21 institutions added/increased vs 15 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.17,890,008$1.3B22.9%
2VANGUARD PORTFOLIO MANAGEMENT LLC10,260,006$773.4M13.1%
3STATE STREET CORP5,966,403$451.3M7.7%
4VANGUARD CAPITAL MANAGEMENT LLC5,346,433$403.0M6.8%
5TWO SIGMA INVESTMENTS, LP4,041,693$304.7M5.2%
6Daiwa Securities Group Inc.2,961,683$223.3M3.8%ADD +30.9%
7CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,109,853$159.0M2.7%
8PRUDENTIAL FINANCIAL INC1,907,109$143.8M2.4%
9DIMENSIONAL FUND ADVISORS LP1,771,018$133.5M2.3%
10BANK OF AMERICA CORP /DE/1,526,561$115.1M2.0%ADD +65.4%
11RAYMOND JAMES FINANCIAL INC1,432,481$107.9M1.8%
12NOMURA ASSET MANAGEMENT INTERNATIONAL INC.1,396,798$105.3M1.8%
13DEUTSCHE BANK AG\1,336,269$100.7M1.7%TRIM -38.6%
14MORGAN STANLEY1,319,035$99.4M1.7%
15JANUS HENDERSON GROUP PLC1,251,683$94.3M1.6%
16GOLDMAN SACHS GROUP INC1,170,476$88.2M1.5%
17FRONTIER CAPITAL MANAGEMENT CO LLC1,101,386$83.0M1.4%ADD +36.6%
18SEI INVESTMENTS CO1,051,454$79.3M1.3%ADD +27.2%
19DUFF & PHELPS INVESTMENT MANAGEMENT CO1,010,118$76.1M1.3%
20Russell Investments Group, Ltd.903,113$68.1M1.2%TRIM -25.3%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
Daiwa Securities Group Inc.ADD2,262,9912,961,683+30.9%$223.3M2026-Q1
BANK OF AMERICA CORP /DE/ADD923,0811,526,561+65.4%$115.1M2026-Q1
DEUTSCHE BANK AG\TRIM2,175,7731,336,269-38.6%$100.7M2026-Q1
FRONTIER CAPITAL MANAGEMENT CO LLCADD806,2321,101,386+36.6%$83.0M2026-Q1
SEI INVESTMENTS COADD826,3161,051,454+27.2%$79.3M2026-Q1
Holocene Advisors, LPDOUBLED387,093790,359+104.2%$59.6M2026-Q1
Nuveen, LLCTRIM1,220,295421,183-65.5%$31.7M2026-Q1
TUDOR INVESTMENT CORP ET ALDOUBLED123,035305,452+148.3%$23.0M2026-Q1
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCTRIM352,710218,993-37.9%$16.5M2026-Q1
BALYASNY ASSET MANAGEMENT L.P.TRIM633,227212,524-66.4%$16.0M2026-Q1
Point72 Asset Management, L.P.ADD149,183211,867+42.0%$16.0M2026-Q1
Allspring Global Investments Holdings, LLCTRIM320,172136,540-57.4%$10.4M2026-Q1
EXCHANGE TRADED CONCEPTS, LLCDOUBLED46,704136,567+192.4%$10.3M2026-Q1
LMR Partners LLPTRIM261,995134,970-48.5%$10.2M2026-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.DOUBLED11,982113,471+847.0%$8.6M2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCADD44,73957,451+28.4%$4.4M2026-Q1
Connor, Clark & Lunn Investment Management Ltd.TRIM153,66751,077-66.8%$3.9M2026-Q1
FIRST TRUST ADVISORS LPDOUBLED24,44649,635+103.0%$3.7M2026-Q1
Brevan Howard Capital Management LPADD23,05942,713+85.2%$3.2M2026-Q1
M&T BANK CORPTRIM104,73433,527-68.0%$2.5M2026-Q1
HighTower Advisors, LLCADD24,31230,837+26.8%$2.3M2026-Q1
ALLSTATE CORPDOUBLED9,56328,216+195.1%$2.1M2026-Q1
NEOS Investment Management LLCADD14,67520,075+36.8%$1.5M2026-Q1
XPONANCE LLCADD10,55913,993+32.5%$1.1M2026-Q1
NISA INVESTMENT ADVISORS, LLCTRIM17,28312,394-28.3%$938.7K2026-Q1
15 unique insiders with 21 transactions. Net insider value: $2.9M ($2.9M bought, $0.00 sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 4, 2026AGREE RICHARDEXECUTIVE CHAIRMAN OF BOARDBUY5,000$71.41$357.1K
May 15, 2026RAKOLTA JOHN JRDirectorBUY20,000$74.57$1.5M
May 14, 2026Frankel Merrie S.DirectorAWARD432
May 14, 2026Agree JoeyPRESIDENT & CEOBUY13,295$75.41$1.0M
May 14, 2026Lehmkuhl GregDirectorAWARD2,159
May 14, 2026Lehmkuhl GregDirectorBUY750$75.09$56.3K
May 14, 2026Rossi Jerome RDirectorAWARD2,159
May 14, 2026RAKOLTA JOHN JRDirectorAWARD2,159
May 14, 2026Judlowe MichaelDirectorAWARD2,159
May 14, 2026Dearing KarenDirectorAWARD2,159
May 14, 2026He LinglongDirectorAWARD2,159
May 14, 2026Hollman MichaelDirectorAWARD2,159
May 6, 2026Erlich CraigCHIEF GROWTH OFFICERGIFT500
Apr 1, 2026RAKOLTA JOHN JRDirectorBUY146$75.69$11.1K
Feb 23, 2026Breslin StephenCHIEF ACCOUNTING OFFICERAWARD2,521
Feb 23, 2026Coughenour PeterCHIEF FINANCIAL OFFICERAWARD8,510
Feb 23, 2026Spehar Danielle MGENERAL COUNSELAWARD4,539
Feb 23, 2026Erlich CraigCHIEF GROWTH OFFICERAWARD5,673
Feb 23, 2026AGREE RICHARDEXECUTIVE CHAIRMAN OF BOARDAWARD8,069
Feb 23, 2026Agree JoeyPRESIDENT & CEOAWARD24,584
Feb 23, 2026Witteveen NicoleCHIEF OPERATING OFFICERAWARD8,510

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Buy (63% buy). Based on 24 analysts: 6 strong buy, 9 buy, 9 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$84.56 mean target +11.5% upside Buy (1.85)
$80.00 Low $92.00 High
MetricValue
Current Price$75.83
Target Low$80.00
Target Mean$84.56
Target Median$84.00
Target High$92.00
# Analysts18
RecommendationBuy (1.85)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.46 $0.44 $0.48 0.5% -3.1% 0↑ 1↓ $0.2B 17.9% 3
Next Q
2026-09-30
$0.47 $0.45 $0.48 -0.5% -3.6% 0↑ 2↓ $0.2B 16.4% 3
Current FY
2026-12-31
$1.90 $1.90 $1.90 4.1% -0.8% 0↑ 1↓ $0.8B 17.1% 1
Next FY
2027-12-31
$1.95 $1.73 $2.08 2.7% -2.3% 0↑ 1↓ $0.9B 12.9% 3

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.458
7d ago$0.458
30d ago$0.473-0.015
60d ago$0.484-0.026
90d ago$0.481-0.023
11 analyst firms have rated this stock: 0 upgrades, 1 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 19, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
May 13, 2026 Mizuho MAINTAIN Neutral Neutral
Apr 24, 2026 Citigroup MAINTAIN Neutral Neutral
Apr 23, 2026 RBC Capital MAINTAIN Outperform Outperform
Apr 22, 2026 Baird MAINTAIN Outperform Outperform
Apr 21, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
Apr 17, 2026 BMO Capital DOWNGRADE Outperform Market Perform
Mar 23, 2026 Truist Securities MAINTAIN Buy Buy
Mar 17, 2026 Evercore ISI Group MAINTAIN Outperform Outperform
Mar 17, 2026 Raymond James MAINTAIN Strong Buy Strong Buy
Mar 13, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
Mar 11, 2026 Mizuho MAINTAIN Neutral Neutral
Mar 9, 2026 UBS MAINTAIN Buy Buy
Feb 12, 2026 RBC Capital MAINTAIN Outperform Outperform
Feb 11, 2026 Stifel MAINTAIN Buy Buy
Jan 6, 2026 RBC Capital MAINTAIN Outperform Outperform
Dec 17, 2025 Mizuho MAINTAIN Neutral Neutral

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20266990063%
May 1, 20266990063%
Apr 1, 202661080067%
Mar 1, 202661080067%
Feb 1, 202661080067%
Jan 1, 202671080068%
Strong BuyBuyHoldSellStrong Sell
1 members of Congress traded this stock: 0 buys, 1 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Jan 15, 2026Gilbert CisnerosDHOUSESELL$15,001 - $50,000Agree Realty CorpFeb 16, 2026 (33d)
50°
Neutral
Bearish Neutral Bullish
4 mentions 2 bullish 2 bearish 4 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Jun 13, 2026140° Cool011
Jun 13, 2026140° Cool011
May 22, 2026160° Warm101
May 22, 2026160° Warm101

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May 18, 2026
dark_pool
Dark Pool: ADC — 1.6M shares, 29,504 trades
Week starting 2026-05-18. Total ATS volume: 1,565,112 shares across 29,504 trades.
May 11, 2026
dark_pool
Dark Pool: ADC — 1.2M shares, 31,019 trades
Week starting 2026-05-11. Total ATS volume: 1,185,057 shares across 31,019 trades.
May 4, 2026
dark_pool
Dark Pool: ADC — 1.0M shares, 30,043 trades
Week starting 2026-05-04. Total ATS volume: 1,045,890 shares across 30,043 trades.
Apr 27, 2026
dark_pool
Dark Pool: ADC — 1.3M shares, 35,130 trades
Week starting 2026-04-27. Total ATS volume: 1,302,778 shares across 35,130 trades.
Apr 21, 2026
earnings_calendar
ADC Q1 2026 Earnings After Market Close — 2026-04-21
Apr 20, 2026
dark_pool
Dark Pool: ADC — 2.2M shares, 43,113 trades
Week starting 2026-04-20. Total ATS volume: 2,248,730 shares across 43,113 trades.
Apr 20, 2026
short_interest
FTD: ADC — 46,561 shares ($3.7M) failed to deliver
Settlement: 20260420, Price: $79.46, FTD Value: $3,699,737.06, AGREE REALTY CORP
Apr 13, 2026
dark_pool
Dark Pool: ADC — 1.5M shares, 32,125 trades
Week starting 2026-04-13. Total ATS volume: 1,531,129 shares across 32,125 trades.
Apr 8, 2026
short_volume
Short Volume: ADC — 69.8% short (0.4M / 0.6M)
Short: 385,192 | Exempt: 0 | TRF Vol: 551,938 | Short Ratio: 69.8% | Off-exchange volume (dark pool + OTC)
Apr 6, 2026
dark_pool
Dark Pool: ADC — 1.6M shares, 36,833 trades
Week starting 2026-04-06. Total ATS volume: 1,606,131 shares across 36,833 trades.
Mar 30, 2026
dark_pool
Dark Pool: ADC — 1.2M shares, 25,022 trades
Week starting 2026-03-30. Total ATS volume: 1,207,671 shares across 25,022 trades.
Mar 23, 2026
dark_pool
Dark Pool: ADC — 1.3M shares, 31,550 trades
Week starting 2026-03-23. Total ATS volume: 1,313,242 shares across 31,550 trades.
Mar 16, 2026
dark_pool
Dark Pool: ADC — 1.5M shares, 37,795 trades
Week starting 2026-03-16. Total ATS volume: 1,466,372 shares across 37,795 trades.
Mar 9, 2026
dark_pool
Dark Pool: ADC — 1.6M shares, 38,638 trades
Week starting 2026-03-09. Total ATS volume: 1,638,054 shares across 38,638 trades.
Mar 2, 2026
dark_pool
Dark Pool: ADC — 1.7M shares, 33,186 trades
Week starting 2026-03-02. Total ATS volume: 1,700,122 shares across 33,186 trades.