Agree Realty Corporation
At today's price, Agree Realty Corporation (ADC) is priced for +1.6% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Agree Realty is a net-lease REIT that owns single-tenant retail properties leased to large national chains on long leases where the tenant pays the taxes, insurance, and upkeep, a low-touch, predictable rent stream backed by an A-rated balance sheet. • The defining feature is external growth: the company funds steady acquisitions of new properties, guiding to $1.4 billion to $1.6 billion of investment in 2026, which is why per-share funds from operations keep rising but also why the share coun
Is ADC overvalued? See what's priced in →
479 institutional managers reported holding ADC in 13F filings for the quarter ended 2026-03-31. 53 opened new positions that quarter. Held by BlackRock, Cohen & Steers, Vanguard Group, among others. On the short side, 15.8M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (12.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ADC's share count grew 84.9% over the past five years even with $16.71M spent on repurchases. It pays a dividend, and has for 14 years running, raised 3 years straight; the current rate is $3.08 a share annually. Cash returned over the past three years: $883.75M in dividends and $12.15M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ADC over the trailing three years: 2023: 20 buys totaling $9.37M; 2024: 13 buys totaling $7.56M; 2025: 10 buys totaling $6.43M; 2026: 3 buys totaling $2.09M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ADC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -2.7% | -13.4% |
| 2023-10-25 | +0.3% | +16.3% |
| 2024-02-14 | -3.4% | -1.8% |
| 2024-04-24 | +2.6% | +4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ADC's latest 8-K filings: 2026-07-02 (items 8.01); 2026-05-14 (items 5.07, 9.01); 2026-04-24 (items 8.01, 9.01); 2026-04-21 (items 2.02, 9.01); 2026-04-02 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.