Insiders Trades
AR
Agree Realty Corp Stock: price and insider trades · United States
3 insiders bought €3.6M of shares over the last 90 days, the latest filed 23 Sept 2026.
Agree Realty Corp: what insiders have been doing
This page follows insider dealings at Agree Realty Corp as filed with SEC (Form 4), a company from the Real Estate sector. The last twelve months, up to 18 October 2026, brought 23 filings signed by 8 insiders.
No insider sold shares on the market over the period. Instead, the filings list 11 purchases totalling €6.7M, made by 5 insiders. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Among those who bought: 2 senior executives, 2 chief executives and 1 finance chief. One trade stands out by size: a purchase of €1.5M from Agree Richard, disclosed on 12 January 2026.
In all, 5 purchases were made within 30 days of a purchase by another insider of the company. Purchases made close together by different insiders form what is called a cluster. The last insider purchase was made public on 23 September 2026, 24 days ago. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4.
Compared with its exchange (5,458 companies, median 22 filings), a count of 23 filings is above the norm. The full history, which starts in 2016, counts 68 purchases against no sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 718.4 m USD and net income at 204.3 m USD; the dividend was 3.08 USD per share.
In the same sector, recent insider purchases at Simon Property Group Inc /DE/ and Angel Oak Mortgage REIT, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
193
Thresholds
n/a
Buy Volume
€28M
68 ops. · all time
Sell Volume
n/a
n/a
Who traded when
BuySaleJOHN RAKOLTA Jr.10 buys
Joey Agree4 buys
Craig Erlich2 buys
Richard Agree2 buys
Greg Lehmkuhl1 buy
Peter Coughenour1 buy
Since the insiders bought
- -9.8%Entry US$16.78 · Close at T+30 US$15.13
- -10.1%Entry US$74.55 · Close 16 Oct 2026 US$67.04
- -7.3%Entry US$72.31 · Close 16 Oct 2026 US$67.04
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Agree Realty Corp Buy (bullish), based on 18 analysts. Average price target: US$82.17.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,016 of 24,148 companies
53.8
score / 100
Value47
Quality60
FCF yld6.0%
Earn yld2.4%
EV/EBITDA19.0x
ROE3.7%
Gross mgn88%
Net mgn28%
Debt/EBITDA5.4x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$67.04
Analyst consensus
18 analystsBuy
US$72.00Target US$82.17(+23%)US$93.00
Income statement
RevenueUS$718.4M
Gross profitUS$630.3M88% margin
EBITDAUS$617.1M86% margin
Net incomeUS$204.3M28.8% margin
Valuation
PER (trailing)36.0x
PER (forward)35.0x
P/Book1.3x
Beta0.42
Balance sheet & cash
Market capUS$8.4B
Total debtUS$3.4B
Free Cash FlowUS$504.1M
Debt / Equity59%
Profitability & ownership
ROE3.7%
ROA2.4%
% insiders1.8%
% institutions117.7%
Last declaration on 23 September 2026
Declarations193 total
1,000 shares@ US$67.555.4% of flowCommon SharesSEC:0001747962-26-000007:0
Canonical exit: 20 Dec 2026 (T+90)
7,360 shares@ US$68.064.1% of flowCommon SharesSEC:0001348490-26-000006:0
Canonical exit: 15 Dec 2026 (T+90)
20,000 shares@ US$68.786.4% of flowCommon SharesSEC:0001528153-26-000015:0
Canonical exit: 15 Dec 2026 (T+90)
10,000 shares@ US$72.423.4% of flowCommon SharesSEC:0001528153-26-000013:0
Canonical exit: 29 Nov 2026 (T+90)
20,000 shares@ US$73.236.8% of flowCommon SharesSEC:0001528153-26-000011:0
Canonical exit: 25 Nov 2026 (T+90)
136 shares@ US$73.520.0% of flowCommon SharesSEC:0001528153-26-000011:1
Canonical exit: 26 Nov 2026 (T+90)
293 shares@ US$74.397.5% of flowCommon SharesSEC:0001879562-26-000004:0
5,000 shares@ US$71.416.0% of flowCommon SharesSEC:0001275238-26-000007:0
Canonical exit: 2 Sept 2026 (T+90)
20,000 shares@ US$74.576.9% of flowCommon SharesSEC:0001528153-26-000007:0
Canonical exit: 13 Aug 2026 (T+90)
146 shares@ US$75.690.1% of flowCommon SharesSEC:0001528153-26-000002:0
Canonical exit: 30 Jun 2026 (T+90)
2,521 shares0Common SharesSEC:0001932559-26-000002:0
8,510 shares0Common SharesSEC:0001879562-26-000002:0
8,069 shares0Common SharesSEC:0001275238-26-000004:0
8,510 shares0Common SharesSEC:0001878983-26-000007:0
4,539 shares0Common SharesSEC:0001795831-26-000002:0
5,673 shares0Common SharesSEC:0001747962-26-000002:0
24,584 shares0Common SharesSEC:0001348490-26-000002:0
500 shares@ US$69.8010.4% of flowCommon SharesSEC:0001878983-26-000005:0
Canonical exit: 9 Apr 2026 (T+90)
24,000 shares@ US$70.6728.5% of flowCommon SharesSEC:0001275238-26-000002:0
Canonical exit: 9 Apr 2026 (T+90)
11,549 shares0Common SharesSEC:0001528153-25-000006:0
262 shares@ US$74.6412.3% of flowCommon SharesSEC:0001932559-25-000004:0
1,028 shares0Common SharesSEC:0001348490-25-000006:0
2,570 shares0Common SharesSEC:0001275238-25-000004:0
25,154 shares@ US$70.418.2% of flowCommon SharesSEC:0001528153-25-000004:0
Canonical exit: 5 Jan 2026 (T+90)
360 shares@ US$70.8452.0% of flowCommon SharesSEC:0001747962-25-000003:0
Canonical exit: 1 Jan 2026 (T+90)
25 of 193 declarations
About Agree Realty Corp
Agree Realty Corp. is a U.S.-listed real estate investment trust focused on the acquisition, development and management of retail properties leased on a net-lease basis to leading tenants. The company was founded in 1971 by its current Executive Chairman, Richard Agree, and its common stock has traded on the NYSE under the ticker ADC since 1994. It is headquartered in Royal Oak, Michigan, United States. Its business model is built around long-duration lease income, diversified tenant relationships and a conservative balance-sheet approach, which together position it as a defensive name within U.S. retail real estate. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000917251/000091725126000013/adc-20251231.htm?utm_source=openai))
Agree Realty’s portfolio is broadly diversified across all 50 U.S. states and consists of retail assets leased to nationally recognized operators. The company emphasizes high-quality properties, industry-leading tenants and disciplined capital allocation. In addition to acquisitions, Agree Realty uses development projects and its Developer Funding Platform to supplement growth, allowing it to source additional rent-producing assets while keeping the portfolio profile anchored in essential retail. Its competitive edge is rooted in tenant quality, lease duration, geographic diversification and a well-established track record in the net-lease sector. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000917251/000091725126000012/adcinvestorpresentation-.htm?utm_source=openai))
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Operationally, the company describes itself as a retail net-lease REIT that is “rethinking retail” through ownership of properties leased to omni-channel retailers. The core business lines are therefore real estate investment, development, leasing and portfolio management. Net-lease structures are central to the economics of the platform because tenants typically bear most property-level operating costs, which improves cash-flow visibility and supports dividend generation. Agree Realty also markets itself as a monthly dividend payer, which is relevant for income-oriented equity investors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/917251/000091725126000013/adc-20251231.htm?utm_source=openai))
Recent developments have reinforced the company’s growth narrative. In February 2026, Agree Realty reported full-year 2025 results and raised its 2026 investment guidance. In January 2026, it summarized 2025 investment activity and updated its portfolio outlook. In the first quarter of 2026, the company said it invested roughly $424 million in 100 retail net-lease properties and increased its annualized dividend rate. The company also highlighted strong liquidity and continued access to capital, underscoring financial flexibility. For investors, ADC stands out as a U.S. NYSE-listed retail REIT with a long operating history, national scale and a focus on durable rental streams. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000917251/000091725126000012/adc20251231-exhibit991.htm?utm_source=openai))
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