ADC Surpasses Important Moving Average Threshold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2025
0mins
Should l Buy ADC?
Source: NASDAQ.COM
Stock Performance: ADC's stock has a 52-week low of $67.58 and a high of $79.65, with the last trade recorded at $74.11.
Market Analysis: The article references other dividend stocks that have recently surpassed their 200-day moving average.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Data Limitations: The information is based on data available up to October 2023.
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Analyst Views on ADC
Wall Street analysts forecast ADC stock price to rise
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 76.220
Low
75.00
Averages
80.75
High
90.00
Current: 76.220
Low
75.00
Averages
80.75
High
90.00
About ADC
Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,674 properties located in 50 states and totaling approximately 55.5 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, Gerber Collision, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Equity Offering Announcement: Agree Realty has initiated an at-the-market equity offering to sell up to $1.75 billion in common stock, aimed at enhancing capital liquidity to support its retail-focused REIT expansion.
- Syndicate of Banks: The offering involves a syndicate of prominent banks, including Wells Fargo, Bank of America, and Morgan Stanley, reflecting strong market confidence in the company's financing capabilities and potentially enhancing its reputation among investors.
- Diverse Sales Methods: The company plans to execute sales through negotiated transactions, block trades, or open-market offerings on the New York Stock Exchange, with this flexible approach likely to optimize fundraising efficiency and meet market demand.
- Forward Sale Agreements: Agree Realty has entered into forward sale agreements with multiple banks, allowing for future capital raising through physical settlement or cash alternatives, although it will not initially receive proceeds from borrowed-share sales, which may provide greater financial flexibility for the company.
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Agreement Overview: A realty company has entered into an agreement that allows for a potential offer and sale of up to $1.75 billion in common stock.
Financial Implications: This move is part of a strategic plan to enhance financial flexibility and capitalize on market opportunities.
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- Investment Expansion: In Q1 2026, Agree Realty invested nearly $425 million across three external growth platforms and completed $403 million in acquisitions at a weighted average cap rate of 7.1%, indicating a proactive strategy in expanding its asset portfolio.
- Enhanced Liquidity: The company raised approximately $660 million in forward equity through its ATM during the quarter, with management highlighting total liquidity of $2.3 billion, demonstrating strong financial flexibility amid market volatility.
- Stable Earnings Per Share: Core FFO per share was $1.13 and AFFO per share was $1.14 for the quarter, while management reiterated full-year 2026 AFFO per share guidance of $4.54 to $4.58, indicating sustained profitability.
- Strong Debt Management: At quarter-end, the pro forma net debt to recurring EBITDA ratio stood at 3.2x, with management reiterating no material debt maturities until 2028, showcasing robust financial management practices.
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- Strong Financial Performance: Agree Realty reported a core FFO of $1.13 for Q1, up from $1.04 in Q1 2025, exceeding the analyst consensus of $1.11, indicating a robust enhancement in the company's profitability.
- Significant Revenue Growth: The company achieved revenues of $200.81 million in Q1, a substantial increase from $169.16 million year-over-year, and surpassing the consensus estimate of $196.09 million, reflecting strong performance in its retail properties.
- Healthy Liquidity Position: Agree Realty ended the quarter with approximately $2.3 billion in liquidity, including a revolving credit facility and cash reserves, ensuring flexibility and security for future investments and operations.
- Clear Investment Strategy: CEO Joey Agree highlighted that the company invested around $424 million in 100 retail net lease properties during Q1, demonstrating an aggressive expansion strategy that is expected to lay the groundwork for future revenue growth.
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