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RBC Capital Says Agree Realty Corporation (ADC)’s Q4 Deal Activity Remains Within Guidance

Agree Realty Corporation (NYSE:ADC) is included among 10 Best Monthly Dividend Stocks to Buy Now.

On January 6, RBC Capital trimmed its price target on Agree Realty Corporation (NYSE:ADC) to $79 from $80 and kept an Outperform rating. The firm said fourth-quarter acquisitions came in slightly below its expectations, though still within management’s guidance. Cap rates landed where RBC expected, according to the research note.

The company’s dividend history can look confusing at first glance. When Agree Realty shifted from a quarterly to a monthly payout in 2021, it appeared as if the dividend was cut. On an annual basis, that was not the case. The REIT has raised its dividend every year since emerging from the 2008–09 financial crisis. Over the past decade, the payout has grown at a 5.3% compound annual rate. Two increases in 2025 pushed the dividend another 3.6% higher.

That pattern looks sustainable. Agree Realty continues to grow its portfolio and plans to invest up to $1.65 billion in real estate during 2025. Tenant relationships remain a strength, with weighted average lease terms of more than nine years already in place. Taken together, steady acquisitions and long leases support the case for consistent, incremental dividend growth.

Agree Realty Corporation (NYSE:ADC) operates as an integrated real estate investment trust focused on owning, acquiring, developing, and managing net-leased retail properties.

While we acknowledge the potential of ADC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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While we acknowledge the potential of ADC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADC and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Companies that Just Started Paying Dividends and Dividend Growth Stocks: 25 Aristocrats

Disclosure: None.

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