Market Cap
$8.3B
ADC
AGREE REALTY CORP
$65.97 ▲ +1.45%
Prev close $65.03Market cap$8.3B
ConsensusBuy
12-mo target$82.94 (+25.7%)
▲ Bullish
Analyst conviction 6/10
Insider Buying Cluster (3 insiders)High Impact Filing (8/10)29 New Institutional Positions21 Institutional Exits Real Estate
Snapshot
The big-picture read on ADC right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Buy (64%)
Inst. Holders
50 funds
Inst. Value
$7.6B
Inst. Activity
29 buys / 21 sells
Insider Activity
$7.1M buy / $0.00 sell
Insider Net $
$7.1M
Social Sentiment
56° Neutral
SEC Reports
10
Congressional
2 trades
Price chart 30d -9.2%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: ADC — 56.1% short (0.4M / 0.8M)
Short: 422,081 | Exempt: 519 | TRF Vol: 752,567 | Short Ratio: 56.1% | Off-exchange volume (dark poo
Sep 21, 2026 Insider
Erlich Craig bought 1,000 shares
CHIEF GROWTH OFFICER @ $67.55 ($67.5K)
Sep 16, 2026 Insider
Agree Joey bought 7,360 shares
PRESIDENT & CEO @ $68.06 ($500.9K)
Sep 16, 2026 Insider
Sep 2, 2026 SEC RAKOLTA JOHN JR bought 20,000 shares
Director @ $68.78 ($1.4M)
Director John Rakolta Jr. purchased $2.20M of ADC shares on the open market over three days, with the largest single pur
INSIDER-BUY — Impact 5/10
A mixed institutional cluster in ADC for 2026-Q2 shows $60.8M in net buying from 5 funds (led by Nuveen doubling its sta
INST-CLUSTER — Impact 5/10
Agree Realty Corp filed an 8-K disclosing its weighted-average common shares outstanding for Q2 and H1 2026, including d
8-K — Impact 2/10
Jun 30, 2026 Inst.
MILLENNIUM MANAGEMENT LLC — ADD
1,582,623 shares ($119.9M)
Analyst ratings buy % -5.9%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
64% rate it Buy or better · 25 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI Group | MAINTAIN | Outperform | 59% |
| Sep 18, 2026 | Stifel | MAINTAIN | Buy | 54% |
| Sep 17, 2026 | Mizuho | MAINTAIN | Neutral | 52% |
| Jul 22, 2026 | Barclays | MAINTAIN | Equal-Weight | 54% |
| May 19, 2026 | Barclays | MAINTAIN | Equal-Weight | 54% |
| May 13, 2026 | Mizuho | MAINTAIN | Neutral | 52% |
| Apr 24, 2026 | Citigroup | MAINTAIN | Neutral | 55% |
| Apr 23, 2026 | RBC Capital | MAINTAIN | Outperform | 55% |
| Apr 22, 2026 | Baird | MAINTAIN | Outperform | 54% |
| Apr 21, 2026 | Barclays | MAINTAIN | Equal-Weight | 54% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 6 | 10 | 9 | 0 | 0 | 64% | |
| Aug 1, 2026 | 6 | 10 | 9 | 0 | 0 | 64% | |
| Jul 1, 2026 | 6 | 9 | 9 | 0 | 0 | 63% | |
| Jun 1, 2026 | 6 | 9 | 9 | 0 | 0 | 63% | |
| May 1, 2026 | 6 | 9 | 9 | 0 | 0 | 63% | |
| Apr 1, 2026 | 6 | 10 | 8 | 0 | 0 | 67% | |
| Mar 1, 2026 | 6 | 10 | 8 | 0 | 0 | 67% | |
| Feb 1, 2026 | 6 | 10 | 8 | 0 | 0 | 67% |
Price targets
Where 18 covering analysts think ADC trades over the next 12 months.
$82.94 +25.7% upside Strong Buy
Current$65.98 Low$72.00 Median$83.50 High$93.00 18 analysts
$72.00$93.00
Analyst rating Buy· 1.9/5 as of Oct 2, 2026
Social media sentiment mood +0.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
56°
Neutral
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
10 SEC filing reports analyzed · 4 bullish, 0 bearish, 2 mixed, 4 neutral · avg impact 4.7/10.
BULLISHINSIDER-BUY5/10
Director John Rakolta Jr. purchased $2.20M of ADC shares on the open market over three days, with th
Sep 2, 2026
MIXEDINST-CLUSTER5/10
A mixed institutional cluster in ADC for 2026-Q2 shows $60.8M in net buying from 5 funds (led by Nuv
Aug 11, 2026
NEUTRAL8-K2/10
Agree Realty Corp filed an 8-K disclosing its weighted-average common shares outstanding for Q2 and
Jul 3, 2026
BULLISHINSIDER-BUY5/10
Executive Chairman Richard Agree made a single open-market purchase of 5,000 ADC shares at $71.41, t
Jun 8, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: ADC — 56.1% short (0.4M / 0.8M)
Short: 422,081 | Exempt: 519 | TRF Vol: 752,567 | Short Ratio: 56.1% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
short_volume
Short Volume: ADC — 55.6% short (0.4M / 0.7M)
Short: 365,465 | Exempt: 10,534 | TRF Vol: 656,927 | Short Ratio: 55.6% | Off-exchange volume (dark pool + OTC)
Sep 24, 2026
short_volume
Short Volume: ADC — 56.1% short (0.3M / 0.6M)
Short: 340,296 | Exempt: 128 | TRF Vol: 606,599 | Short Ratio: 56.1% | Off-exchange volume (dark pool + OTC)
Sep 23, 2026
short_volume
Short Volume: ADC — 60.1% short (0.5M / 0.8M)
Short: 481,594 | Exempt: 1,498 | TRF Vol: 801,297 | Short Ratio: 60.1% | Off-exchange volume (dark pool + OTC)
Sep 22, 2026
short_volume
Short Volume: ADC — 57.2% short (0.3M / 0.5M)
Short: 303,090 | Exempt: 535 | TRF Vol: 529,551 | Short Ratio: 57.2% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $0.47 | $0.46–$0.48 | 1.1% | -0.5% | 2↑ 0↓ | $0.2B | 4 |
| Next Q | $0.47 | $0.46–$0.49 | 1.4% | -1.0% | 1↑ 1↓ | $0.2B | 4 |
| Current FY | $1.92 | $1.92–$1.92 | 4.9% | -0.2% | 1↑ 0↓ | $0.8B | 2 |
| Next FY | $1.91 | $1.77–$1.97 | -0.3% | -0.8% | 1↑ 1↓ | $1.0B | 4 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $0.473 | — |
| 7d ago | $0.476 | -0.003 |
| 30d ago | $0.476 | -0.003 |
| 60d ago | $0.470 | +0.003 |
| 90d ago | $0.469 | +0.004 |
Institutional ownership
Which big funds own ADC (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $7.6B total value (100,056,804 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 29 institutions added/increased vs 21 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 19,112,107 | $1.4B | 19.1% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 10,588,511 | $802.0M | 10.6% | — |
| STATE STREET CORP | 5,858,959 | $445.3M | 5.9% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 5,405,144 | $409.4M | 5.4% | — |
| PRINCIPAL FINANCIAL GROUP INC | 4,662,379 | $353.1M | 4.7% | — |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3,730,917 | $282.6M | 3.7% | — |
| TWO SIGMA INVESTMENTS, LP | 3,535,058 | $267.7M | 3.5% | — |
| Daiwa Securities Group Inc. | 2,921,805 | $221.3M | 2.9% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 2,781,222 | $210.7M | 2.8% | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2,196,532 | $166.4M | 2.2% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC | ADD | 1,098,432 | 1,582,623 | +44.1% | $119.9M |
| NORGES BANK | NEW | — | 1,551,258 | — | $117.5M |
| CANADA PENSION PLAN INVESTMENT BOARD | NEW | — | 1,221,720 | — | $92.5M |
| Nuveen, LLC | DOUBLED | 421,183 | 1,164,511 | +176.5% | $88.2M |
| JPMORGAN CHASE & CO | TRIM | 2,766,748 | 1,117,272 | -59.6% | $86.4M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | DOUBLED | 98,000 | 915,000 | +833.7% | $69.3M |
| Qube Research & Technologies Ltd | DOUBLED | 345,666 | 742,961 | +114.9% | $56.3M |
| TUDOR INVESTMENT CORP ET AL | DOUBLED | 305,452 | 726,478 | +137.8% | $55.0M |
| D. E. Shaw & Co., Inc. | ADD | 341,462 | 633,290 | +85.5% | $48.0M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | TRIM | 761,010 | 550,706 | -27.6% | $41.7M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
15 insiders, 44 transactions. Net $7.1M — $7.1M bought, $0.00 sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | Erlich Craig | CHIEF GROWTH OFFICER | BUY | 1,000 | $67.55 | $67.5K |
| Sep 16, 2026 | Agree Joey | PRESIDENT & CEO | BUY | 7,360 | $68.06 | $500.9K |
| Sep 16, 2026 | RAKOLTA JOHN JR | Director | BUY | 20,000 | $68.78 | $1.4M |
| Aug 31, 2026 | RAKOLTA JOHN JR | Director | BUY | 10,000 | $72.42 | $724.2K |
| Aug 28, 2026 | RAKOLTA JOHN JR | Director | BUY | 136 | $73.52 | $10.0K |
| Aug 27, 2026 | RAKOLTA JOHN JR | Director | BUY | 20,000 | $73.23 | $1.5M |
| Aug 19, 2026 | Witteveen Nicole | CHIEF OPERATING OFFICER | TAX W/H | 293 | $74.39 | $21.8K |
| Jun 4, 2026 | AGREE RICHARD | EXECUTIVE CHAIRMAN OF BOARD | BUY | 5,000 | $71.41 | $357.1K |
| May 15, 2026 | RAKOLTA JOHN JR | Director | BUY | 20,000 | $74.57 | $1.5M |
| May 14, 2026 | Lehmkuhl Greg | Director | AWARD | 2,159 | $75.28 | $162.5K |
Congressional trades
ADC trades disclosed by members of Congress, with disclosure delay.
2 members · 0 buys / 2 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | Josh Gottheimer | D | HOUSE | SELL | $1,001 - $15,000 | Agree Realty Corp | Jul 8, 2026(38d) |
| Jan 15, 2026 | Gilbert Cisneros | D | HOUSE | SELL | $15,001 - $50,000 | Agree Realty Corp | Feb 16, 2026(33d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for ADC.
Shares short
6,771,227
Settlement Sep 15, 2026
Change vs prior
+9.1%
Semi-monthly cycle
Days to cover
4.9
At avg daily volume
Of shares outstanding
≈5.4%
Estimate — not % of float
All ADC filing & press-release reports (10)
- INSIDER-BUY reportSep 2, 2026
- INST-CLUSTER reportAug 11, 2026
- 8-K reportJul 3, 2026
- INSIDER-BUY reportJun 8, 2026
- CLUSTER reportMay 18, 2026
- CLUSTER reportMay 18, 2026
- CLUSTER reportMay 18, 2026
- 8-K reportApr 24, 2026
- 424B5 reportApr 24, 2026
- 8-K reportApr 21, 2026