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

Core Viewpoint - Agree Realty Corporation (NYSE:ADC) is experiencing positive analyst sentiment with multiple price target increases and strong financial performance indicators. Group 1: Analyst Ratings and Price Targets - Truist raised the price target on Agree Realty Corporation to $82 from $79 while maintaining a Buy rating, citing updated revenue growth and expense assumptions following Q4 results [1][6] - Raymond James increased its price target on Agree Realty Corporation to $90 from $84, maintaining a Strong Buy rating, highlighting accelerating funds from operations per share growth and a solid tenant base [2] Group 2: Financial Performance - Agree Realty Corporation reported Q4 AFFO of $1.11, surpassing the consensus estimate of $1.10, with CEO Joey Agree emphasizing strong performance through $1.55 billion in investments and $1.5 billion in capital raised [3] - The company anticipates FY26 AFFO in the range of $4.54 to $4.58, slightly above the consensus estimate of $4.53 [3] Group 3: Company Overview - Agree Realty Corporation is a real estate investment trust focused on acquiring and developing net lease retail properties [4]