Citigroup cuts target for Agree Realty stock to USD 72.00

Published on 10/27/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 213.88 million, above USD 211.19 million estimates. Agree Realty stock costs EUR 60.30 on October 27, 2026 after hours.

Analyst target and quarterly figures

Citigroup cut its Agree Realty target from USD 82.50 to USD 72.00 on October 23, 2026.
Third-quarter revenue reached USD 213.88 million, above the USD 211.19 million estimate.
Agree Realty stock stood at EUR 60.30 at Lang & Schwarz on October 27, 2026 at 8:46 p.m. CEST.
The monthly dividend was raised to USD 0.271, with October 30, 2026 listed as the ex-dividend date.

ADC, US0084921008, Illustration mit AI erstellt.

Agree Realty Corporation (ISIN US0084921008) is trading at EUR 60.30 at Lang & Schwarz on October 27, 2026 at 8:46 p.m. CEST in after-hours trading. Benzinga reported on October 23, 2026 that Citigroup cut its target for Agree Realty from USD 82.50 to USD 72.00 while keeping a Neutral rating.

Quarterly revenue beat estimates

Agree Realty reported third-quarter 2026 revenue of USD 213.88 million, versus the USD 211.19 million consensus estimate, a 1.27 percent beat. Earnings per share came in at USD 0.53, above the USD 0.48 forecast. The figures were reported in the Investing.com transcript published on October 21, 2026.

The same quarter produced core funds from operations and adjusted funds from operations of USD 1.15 per share, up 4.90 percent from a year earlier. Portfolio occupancy reached 99.80 percent, while full-year 2026 adjusted funds from operations guidance was raised to USD 4.58-4.59 per share.

US-listed shares near the yearly low

The primary-market quote was USD 67.06 on the NYSE on October 27, 2026 at 11:52 a.m. ET. Agree Realty's 52-week range was USD 64.34 to USD 82.08, placing the US quote 4.24 percent above the low and 18.29 percent below the high. Market capitalization stood at USD 8.3 billion on October 27, 2026.

The euro quotation and the US quotation represent separate trading venues and currencies. The Lang & Schwarz price therefore remains the market value used in this German investor view, while the USD figures provide the home-market context.

Target and dividend dates

Citigroup's USD 72.00 target is 7.37 percent above the USD 67.06 NYSE quote. Benzinga listed 17 analysts in its consensus overview, with an average target of USD 81.00 and a Buy consensus on October 26, 2026.

MarketScreener listed October 30, 2026 as the ex-dividend date for the USD 0.271 monthly dividend. The payment date was listed as November 13, 2026.

Price and investor context

Agree Realty's latest quarter combined higher revenue, a modest earnings beat and a raised funds-from-operations outlook with a lower analyst target from Citigroup. The 52-week position keeps the share close to its yearly low, while the elevated target spread leaves valuation and financing conditions as central discussion points.

Agree Realty was trading at EUR 60.30 at Lang & Schwarz on October 27, 2026 at 8:46 p.m. CEST in after-hours trading. The further course of trading is shown by the continuously updated real-time quote of Agree Realty stock.