<div id="readability-page-1"><p><span>Agree Realty (NYSE:ADC - Get Free Report)</span> had its price target decreased by equities researchers at Evercore ISI  from $85.00 to $83.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an &#34;outperform&#34; rating on the real estate investment trust's stock. Evercore ISI's price objective would suggest a potential upside of 14.89% from the stock's current price.</p><ul><li>3 Stocks to Buy After Heavy Insider Buying</li></ul><p>Several other research firms have also recently commented on ADC. Truist Financial reduced their target price on Agree Realty from $84.00 to $82.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, October 24th. Barclays raised their price objective on Agree Realty from $77.00 to $78.00 and gave the company an &#34;equal weight&#34; rating in a report on Wednesday, December 3rd. Stifel Nicolaus  set a $83.50 target price on Agree Realty in a research note on Tuesday, November 25th. Wells Fargo &amp; Company increased their price target on shares of Agree Realty from $81.00 to $83.00 and gave the company an &#34;overweight&#34; rating in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada increased their price objective on Agree Realty from $79.00 to $80.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Agree Realty presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $80.50.</p><p><b>Read Our Latest Report on ADC</b></p><h2>Agree Realty Stock Performance</h2><p>Agree Realty stock traded up $0.49 during mid-day trading on Monday, reaching $72.24. 8,138 shares of the company's stock were exchanged, compared to its average volume of 1,124,304. The firm has a market capitalization of $8.30 billion, a PE ratio of 42.18, a P/E/G ratio of 2.33 and a beta of 0.54. The business's fifty day simple moving average is $73.45 and its 200 day simple moving average is $73.10. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.59. Agree Realty has a one year low of $67.58 and a one year high of $79.65. </p><p>Agree Realty (NYSE:ADC - Get Free Report) last issued its earnings results on Tuesday, October 21st. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. The firm had revenue of $183.22 million for the quarter, compared to analyst estimates of $181.87 million. Agree Realty had a return on equity of 3.52% and a net margin of 28.11%.The business's revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Agree Realty has set its FY 2025 guidance at 4.310-4.330 EPS.  On average, sell-side analysts expect that  Agree Realty will post 4.27 earnings per share for the current year. </p><h2>Insider Activity</h2><p>In related news, insider Craig Erlich bought 360 shares of the business's stock in a transaction on Friday, October 3rd. The stock was acquired at an average cost of $70.84 per share, with a total value of $25,502.40. Following the purchase, the insider directly owned 52,846 shares of the company's stock, valued at $3,743,610.64. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joey Agree bought 3,528 shares of Agree Realty stock in a transaction on Thursday, October 2nd. The shares were purchased at an average cost of $70.63 per share, for a total transaction of $249,182.64. Following the completion of the purchase, the chief executive officer directly owned 638,688 shares of the company's stock, valued at $45,110,533.44. This trade represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 29,042 shares of company stock worth $2,045,778 over the last three months. Insiders own  1.80% of the company's stock. </p><h2>Hedge Funds Weigh In On Agree Realty</h2><p>Several large investors have recently modified their holdings of the business. AE Wealth Management LLC lifted its position in shares of  Agree Realty by 3.5% during the 3rd quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust's stock valued at $331,000 after buying an additional 156 shares during the last quarter.  IFP Advisors Inc grew its position in shares of  Agree Realty by 18.2% in the third quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 171 shares in the last quarter.  QRG Capital Management Inc. raised its stake in shares of  Agree Realty by 5.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,395 shares of the real estate investment trust's stock valued at $241,000 after purchasing an additional 174 shares during the period.  HighPoint Advisor Group LLC lifted its holdings in  Agree Realty by 5.8% during the 3rd quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 174 shares in the last quarter.  Finally, Corient Private Wealth LLC lifted its holdings in  Agree Realty by 3.4% during the 2nd quarter. Corient Private Wealth LLC now owns 6,217 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own  97.83% of the company's stock. </p><h2>Agree Realty Company Profile</h2> (Get Free Report)<p>Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.</p><h2>Read More</h2><ul><li>Five stocks we like better than Agree Realty</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>GOOGL's Unstoppable Momentum Drives Price Targets to Record Highs</li><li>What is the S&amp;P 500 and How It is Distinct from Other Indexes</li><li>3 Underrated Robotics Stocks Poised for Huge Gains</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFEQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFEQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Agree Realty Right Now?</h2><p>Before you consider Agree Realty, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agree Realty wasn't on the list.</p><p>While Agree Realty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Evercore ISI lowered Agree Realty's price target from $85.00 to $83.00, maintaining an "outperform" rating. Other firms also adjusted their targets, with Truist Financial setting it at $82.00 and Barclays at $78.00. Agree Realty's stock has a consensus price target of $80.50 and an average rating of "Moderate Buy." The stock traded at $72.24, with a market cap of $8.30 billion. Recent insider purchases include CEO Joey Agree acquiring 3,528 shares.</p>

Evercore ISI Lowers Agree Realty (NYSE:ADC) Price Target to $83.00