Agree Realty stock: Robert W. Baird cuts target for Agree Realty stock to USD 76.00

Published on 10/22/2026 at 19:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Robert W. Baird kept an outperform rating after cutting its target from USD 77.00 to USD 76.00. Agree Realty stock costs EUR 59.30 on October 22, 2026.

Target and results update

Robert W. Baird cut its target from USD 77.00 to USD 76.00 on October 21, 2026.
Third-quarter AFFO per share rose 4.9 percent year over year to USD 1.15.
Agree Realty stock stood at EUR 59.30 at Lang & Schwarz on October 22, 2026 at 7:47 p.m. CEST.

ADC, US0084921008, Illustration mit AI erstellt.

Agree Realty Corporation (US0084921008) was at EUR 59.30 at Lang & Schwarz on October 22, 2026 at 7:47 p.m. CEST. MarketBeat reported on October 21, 2026 that Robert W. Baird cut its target from USD 77.00 to USD 76.00 while keeping an outperform rating.

Third-quarter earnings improved

The latest operating figures give the target cut a more measured backdrop. According to a Yahoo Finance report carrying the October 20, 2026 Business Wire release, third-quarter revenue reached USD 213.88 million, while net income attributable to common stockholders rose 32.3 percent year over year to USD 66.49 million.

Adjusted funds from operations per share increased 4.9 percent year over year to USD 1.15 in the quarter ended September 30, 2026. The company also raised its 2026 AFFO-per-share guidance to USD 4.58-4.59, compared with prior guidance of USD 4.57-4.59.

Price sits near the yearly low

Agree Realty traded on the NYSE at USD 64.49 at the close of October 21, 2026, according to the market quotation delivered for the company. A MarketBeat report listed a 52-week range of USD 64.43 to USD 82.08 on October 21, 2026. The same report showed a market capitalization of USD 8.36 billion and a price-to-earnings ratio of 36.14.

Dividend dates remain set

The October monthly dividend is USD 0.271 per common share, payable on November 13, 2026 to holders of record on October 30, 2026. The company also set a November 2, 2026 payment date for its preferred-stock dividend, according to the October 20, 2026 release carried by Yahoo Finance.

What does the target cut mean?

The lower Baird target contrasts with stronger third-quarter operating figures and higher full-year AFFO guidance. The next scheduled cash-flow dates are October 30, 2026 for the record date and November 13, 2026 for payment.

Agree Realty after hours

Agree Realty was trading at EUR 59.30 at Lang & Schwarz on October 22, 2026 at 7:47 p.m. CEST. The stock's primary listing is on the NYSE in USD, where it closed at USD 64.49 on October 21, 2026. The further course of trading is shown by the continuously updated real-time quote of Agree Realty stock.