Overview
Agree Realty Corporation is a United States-based real estate investment trust (REIT) primarily engaged in the acquisition and development of properties leased to major retail tenants. Founded in 1971 and headquartered in Bloomfield Hills, Michigan, the corporation has strategically positioned itself within the retail industry, focusing on properties that are net leased to national and regional retailers across various sectors. Agree Realty's portfolio includes over 1,500 assets, prominently featuring essential service retail tenants such as supermarkets, drug stores, and discount retailers. Key projects often involve the development and acquisition of premier retail locations that sustain long-term, triple-net leases where tenants bear the expenses associated with the property. This model provides Agree Realty with a stable income stream and reduces the volatility often associated with the real estate market.
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Basic Stats
The Factor Analysis chart (below right) shows a view of Agree Realty Corporation from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 59.85 MM |
| Earnings Date | |
| EPS (TTM) | 1.53 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-08-29 |
| Borrow Rate | |
| Short Shares Avail. | |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.08 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | |
| ROE | 0.05 |
| ROIC | |
| CROIC | |
| OCROIC | |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 5.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Agree Realty Corporation is MX$1,135.50. The forecasts range from a low of MX$1,014.94 to a high of MX$1,283.75. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Agree Realty Corporation. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2025-08-20 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-07-18 | UBS | Neutral | Neutral | Maintains |
| 2024-06-12 | Keybanc | Overweight | Initiate | |
| 2024-05-31 | UBS | Neutral | Initiate | |
| 2024-05-10 | Mizuho | Neutral | Neutral | Maintains |
| 2024-03-07 | Mizuho | Neutral | Neutral | Maintains |
| 2024-02-27 | Truist Securities | Buy | Buy | Maintains |
| 2024-02-20 | Wells Fargo | Overweight | Overweight | Maintains |
| 2024-02-15 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-02-14 | Stifel | Buy | Buy | Maintains |
| 2024-02-13 | BMO Capital | Outperform | Initiate | |
| 2024-01-22 | JMP Securities | Market Perform | Market Outperform | Upgrade |
| 2024-01-16 | Truist Securities | Buy | Buy | Maintains |
| 2024-01-10 | Mizuho | Neutral | Neutral | Maintains |
| 2024-01-04 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-12-13 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| 2023-12-11 | Mizuho | Buy | Neutral | Downgrade |
| 2023-11-27 | Truist Securities | Buy | Buy | Maintains |
| 2023-10-26 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-09-22 | Citigroup | Neutral | Neutral | Maintains |
| 2023-09-21 | Wells Fargo | Overweight | Initiate | |
| 2023-08-21 | Truist Securities | Buy | Buy | Maintains |
| 2023-08-03 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-08-02 | Stifel | Buy | Buy | Maintains |
| 2023-07-20 | RBC Capital | Outperform | Outperform | Reiterate |
| 2023-07-06 | Citigroup | Neutral | Neutral | Reiterate |
| 2023-06-29 | Stifel | Buy | Buy | Maintains |
| 2023-06-22 | Mizuho | Neutral | Buy | Upgrade |
| 2023-06-14 | Exane BNP Paribas | Outperform | Initiate | |
| 2023-06-14 | Raymond James | Strong Buy | Strong Buy | Maintains |
| 2023-05-08 | RBC Capital | Outperform | Maintains | |
| 2023-03-21 | JMP Securities | Market Outperform | Market Perform | Downgrade |
| 2023-03-09 | Mizuho | Neutral | Maintains | |
| 2023-01-09 | Raymond James | Strong Buy | Maintains | |
| 2022-12-08 | Mizuho | Neutral | Maintains | |
| 2022-12-05 | Truist Securities | Buy | Maintains | |
| 2022-11-02 | Morgan Stanley | Overweight | Maintains | |
| 2022-10-18 | JMP Securities | Market Outperform | Maintains | |
| 2022-10-04 | Raymond James | Strong Buy | Maintains | |
| 2022-08-22 | Truist Securities | Buy | Maintains | |
| 2022-08-04 | RBC Capital | Outperform | Maintains | |
| 2022-08-03 | JMP Securities | Market Outperform | Maintains | |
| 2022-07-12 | Morgan Stanley | Overweight | Maintains | |
| 2022-07-08 | Raymond James | Strong Buy | Maintains | |
| 2022-06-30 | Jefferies | Buy | Maintains | |
| 2022-06-23 | Credit Suisse | Outperform | Initiate | |
| 2022-06-02 | B of A Securities | Neutral | Buy | Upgrade |
| 2022-06-01 | Truist Securities | Buy | Maintains | |
| 2022-05-10 | JMP Securities | Market Outperform | Initiate | |
| 2022-04-01 | Morgan Stanley | Overweight | Initiate | |
| 2022-02-24 | Raymond James | Strong Buy | Maintains | |
| 2022-02-23 | Stifel | Buy | Maintains | |
| 2022-02-08 | B of A Securities | Neutral | Initiate | |
| 2021-09-17 | RBC Capital | Outperform | Initiate | |
| 2021-06-25 | Wells Fargo | Overweight | Maintains | |
| 2021-06-03 | Mizuho | Buy | Neutral | Downgrade |
| 2021-04-09 | Stifel | Buy | Maintains | |
| 2020-10-12 | BTIG | Buy | Initiate | |
| 2020-09-30 | Mizuho | Buy | Initiate | |
| 2020-06-10 | Wells Fargo | Overweight | Maintains | |
| 2020-04-21 | Baird | Outperform | Maintains | |
| 2020-04-17 | SunTrust Robinson Humphrey | Buy | Maintains | |
| 2020-04-08 | Odeon Capital | Buy | Initiate | |
| 2020-04-07 | Citigroup | Buy | Maintains | |
| 2020-04-02 | Wells Fargo | Overweight | Maintains | |
| 2020-03-20 | Stifel | Buy | Maintains | |
| 2020-02-21 | Baird | Outperform | Maintains | |
| 2019-12-12 | Citigroup | Neutral | Buy | Upgrade |
| 2019-12-05 | Capital One Financial | Overweight | Initiate | |
| 2019-10-30 | SunTrust Robinson Humphrey | Buy | Maintains | |
| 2019-10-01 | Berenberg | Buy | Initiate | |
| 2019-03-04 | Raymond James | Strong Buy | Strong Buy | Maintains |
| 2019-02-27 | Citigroup | Neutral | Neutral | Maintains |
| 2019-01-08 | Raymond James | Outperform | Strong Buy | Upgrade |
| 2018-12-13 | Jefferies | Hold | Buy | Upgrade |
| 2018-12-11 | Citigroup | Neutral | Neutral | Maintains |
| 2018-12-10 | Raymond James | Outperform | Outperform | Maintains |
| 2018-09-10 | Stifel Nicolaus | Buy | Buy | Maintains |
| 2018-07-24 | Stifel Nicolaus | Buy | Buy | Maintains |
| 2017-12-19 | Wells Fargo | Market Perform | Outperform | Upgrade |
| 2017-09-18 | FBR Capital | Buy | Maintains | |
| 2017-07-18 | Canaccord Genuity | Buy | Initiate | |
| 2017-02-27 | Wunderlich | Buy | Hold | Downgrade |
| 2017-01-26 | Wells Fargo | Market Perform | Initiate | |
| 2017-01-05 | Jefferies | Buy | Hold | Downgrade |
| 2016-12-16 | SunTrust Robinson Humphrey | Buy | Initiate | |
| 2016-10-12 | FBR Capital | Outperform | Initiate | |
| 2016-07-14 | Jefferies | Buy | Maintains | |
| 2016-07-07 | Stifel Nicolaus | Buy | Initiate | |
| 2016-05-31 | Jefferies | Buy | Maintains | |
| 2016-04-21 | Jefferies | Buy | Initiate | |
| 2015-03-24 | Baird | Outperform | Initiate | |
| 2015-01-27 | Wunderlich | Buy | Maintains | |
| 2014-05-21 | Wunderlich | Hold | Buy | Upgrade |
| 2013-11-26 | Compass Point | Buy | Maintains | |
| 2013-10-30 | Raymond James | Market Perform | Outperform | Upgrade |
| 2013-10-04 | Compass Point | Buy | Maintains | |
| 2013-09-10 | Janney Capital | Buy | Initiate | |
| 2013-08-01 | Compass Point | Buy | Maintains | |
| 2013-07-31 | Raymond James | Outperform | Market Perform | Downgrade |
| 2013-07-31 | Wunderlich | Buy | Hold | Downgrade |
| 2013-05-02 | Compass Point | Buy | Maintains | |
| 2013-03-27 | Ladenburg Thalmann | Buy | Initiate | |
| 2013-03-04 | Compass Point | Buy | Maintains | |
| 2013-03-01 | BMO Capital | Market Perform | Maintains | |
| 2013-03-01 | Wunderlich | Buy | Maintains | |
| 2012-10-31 | BMO Capital | Market Perform | Maintains | |
| 2012-10-05 | Compass Point | Buy | Maintains | |
| 2012-10-03 | Wunderlich | Buy | Initiate | |
| 2012-07-17 | Compass Point | Buy | Initiate | |
| 2025-04-25 | Baird | Outperform | Outperform | Maintains |
| 2024-07-24 | Stifel | Buy | Buy | Maintains |
| 2024-08-12 | BTIG | Buy | Buy | Maintains |
| 2024-12-17 | Barclays | Underweight | Initiate | |
| 2024-12-17 | JMP Securities | Market Outperform | Market Perform | Downgrade |
| 2024-12-12 | Evercore ISI Group | Outperform | Initiate | |
| 2024-12-11 | Deutsche Bank | Buy | Initiate | |
| 2024-11-27 | BTIG | Buy | Buy | Maintains |
| 2025-03-10 | Wells Fargo | Overweight | Overweight | Maintains |
| 2025-03-04 | Barclays | Underweight | Equal-Weight | Upgrade |
| 2024-07-25 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-08-26 | Wells Fargo | Overweight | Overweight | Maintains |
| 2024-11-14 | UBS | Neutral | Neutral | Maintains |
| 2024-11-14 | Mizuho | Neutral | Neutral | Maintains |
| 2024-08-05 | Truist Securities | Buy | Buy | Maintains |
| 2025-01-08 | Mizuho | Neutral | Neutral | Maintains |
| 2025-01-07 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-01-07 | Stifel | Buy | Buy | Maintains |
| 2025-01-06 | UBS | Neutral | Buy | Upgrade |
| 2025-04-30 | JMP Securities | Market Perform | Market Perform | Reiterate |
| 2025-02-13 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-02-04 | Barclays | Underweight | Underweight | Maintains |
| 2024-10-16 | UBS | Neutral | Neutral | Maintains |
| 2024-10-04 | Keybanc | Overweight | Overweight | Maintains |
| 2024-08-21 | Raymond James | Strong Buy | Strong Buy | Maintains |
| 2024-11-04 | Wells Fargo | Overweight | Overweight | Maintains |
| 2024-10-30 | Truist Securities | Buy | Buy | Maintains |
| 2024-10-29 | Baird | Outperform | Outperform | Maintains |
| 2024-10-24 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-04-03 | Mizuho | Neutral | Neutral | Maintains |
| 2025-04-24 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-04-23 | Stifel | Buy | Buy | Maintains |
| 2025-05-16 | JMP Securities | Market Perform | Market Perform | Reiterate |
| 2025-06-30 | JMP Securities | Market Perform | Market Perform | Reiterate |
| 2025-01-28 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-05-13 | UBS | Buy | Buy | Maintains |
| 2025-07-16 | UBS | Buy | Buy | Maintains |
| 2025-06-16 | Mizuho | Neutral | Neutral | Maintains |
| 2025-05-21 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-05-05 | Truist Securities | Buy | Buy | Maintains |
| 2025-08-12 | UBS | Buy | Buy | Maintains |
| 2025-07-21 | Barclays | Equal-Weight | Equal-Weight | Maintains |
