Truist Raises its Price Target on Agree Realty (ADC) to $82

Agree Realty Corporation (NYSE:ADC) is one of the 10 High PE Stocks Insiders Are Buying.

On March 23, 2026, Truist raised the price target on Agree Realty Corporation (NYSE:ADC) to $82 from $79 and maintained a Buy rating as part of a broader REIT research note. Truist said it updated its model following Q4 results, incorporating revenue growth and expense assumptions.

On March 17, 2026, Raymond James raised its price target on Agree Realty Corporation (NYSE:ADC) to $90 from $84 and maintained a Strong Buy rating. Raymond James cited accelerating funds from operations per share growth, a low cost of capital, a “rock-solid” tenant base, and available capital to support further growth.

Last month, Agree Realty Corporation (NYSE:ADC) reported Q4 AFFO of $1.11, above the $1.10 consensus estimate. CEO Joey Agree said the company delivered strong performance, highlighting $1.55B in investments and $1.5B in capital raised, along with an A-issuer rating and over $2.0B in liquidity. The company expects FY26 AFFO of $4.54-$4.58 compared to the $4.53 consensus.

Truist Raises its Price Target on Agree Realty (ADC) to $82

Agree Realty Corporation (NYSE:ADC) is a real estate investment trust focused on acquiring and developing net lease retail properties.

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