Wells Fargo cuts target to USD 79.00 for Agree Realty stock

Published on 10/20/2026 at 22:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue is forecast at USD 212.90 million on October 20, 2026. Agree Realty stock was EUR 59.10 at Lang & Schwarz on October 20, 2026.

Wells Fargo lowers its target

Wells Fargo cut its Agree Realty target from USD 83.00 to USD 79.00 on October 19, 2026.
Third-quarter revenue is forecast at USD 212.90 million for October 20, 2026.
Agree Realty stock was EUR 59.10 at Lang & Schwarz on October 20, 2026 at 10:09 p.m. CEST.

ADC, US0084921008, Illustration mit AI erstellt.

Agree Realty Corporation (US0084921008) faces a lower Wells Fargo valuation ahead of its third-quarter report. As Markets Insider reported on October 19, 2026, Wells Fargo cut its target from USD 83.00 to USD 79.00 while keeping an Overweight rating. Agree Realty was trading at EUR 59.10 at Lang & Schwarz on October 20, 2026 at 10:09 p.m. CEST.

Revenue expectations stay firm

Investors are also heading into a scheduled earnings release with a measurable top-line expectation. TokenPost reported on October 20, 2026 that Agree Realty was expected to post third-quarter revenue of USD 212.90 million and earnings of USD 0.47 per share after the US market close.

The forecast puts revenue 3.80 percent above the USD 205.10 million reported for the second quarter. Investing.com also cited the second-quarter revenue figure and a third-quarter earnings forecast of USD 0.48 per share.

Stock remains near its yearly low

The market picture is defined by a wide annual range rather than a new daily direction. The latest US quote was USD 67.09 on October 20, 2026 at 3:59 p.m. ET, against a 52-week range of USD 64.43 to USD 82.08. Trading volume reached 1,059,598 shares, while market capitalization stood at USD 8.3 billion.

That range places the US quote USD 2.66 above the yearly low and USD 14.99 below the yearly high. The euro quotation and the US quotation are separate venue observations, so the investor signal is the stock's position within its home-market range rather than a combined currency return.

What does the lower target imply?

The revised USD 79.00 target remains 17.75 percent above the latest USD 67.09 quote. Wells Fargo's move therefore reduces the stated valuation ceiling by USD 4.00, while the unchanged Overweight rating preserves a constructive view ahead of the report.

Dividend and portfolio scale

Agree Realty's investor-relations materials describe a net-lease portfolio focused on retail properties across the United States. The company reported 2,825 owned and operated properties, 60 million square feet of gross leasable area and 66 percent investment-grade occupancy exposure as of June 30, 2026. Its monthly dividend was raised to USD 0.271 per share on October 13, 2026, according to the earnings preview.

Price and investor context

Agree Realty's latest euro quotation was EUR 59.10 at Lang & Schwarz on October 20, 2026 at 10:09 p.m. CEST. The next material event is the third-quarter earnings release scheduled after the US market close on October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Agree Realty stock.