NASDAQ · STOCK
Agree Realty
$77.84
52W $69.56 – $82.08
54/100
$9.34B
41.8
0.47
Is ADC Bullish or Bearish?
Mixed.
Innellis AI committee rates Agree Realty (ADC) Watch with a composite score of 54/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.86 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.14 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — quarter-over-quarter growth rate is accelerating, not just positive. Risk Analyst remains cautious — current ratio of 0.82 is tight -- limited short-term liquidity cushion. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- Dividend yield of 4.1% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 42.7 is expensive by classic value standards — Value
- ROE of only 3.6% -- cheap may mean cheap for a reason — Value
- MACD histogram negative -- bearish momentum — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Current ratio of 0.82 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
54/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 41%
of 61 Real Estate peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.3x is a discount to asset value
− P/E of 42.7 is expensive by classic value standards
Growth Analyst
bullish
75
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
Technical Analyst
neutral
57
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.82 is tight -- limited short-term liquidity cushion
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 23 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 55.0 to 54.1.
- New bearish signals: 4 appeared.
- Bullish support removed: 3 signal(s) disappeared.
- New bullish signals: 4 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Growth Analyst: score 65->75 (+10); +1 bullish signal(s).
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: stance bullish->neutral; score 63->57 (-6); +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s); +1 bullish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
35.2
Neutral
MACD Histogram
-0.297
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Support
$74.03
Resistance
$78.24
Bollinger %B
0.24
Inside Bands
Price vs Moving Averages
EMA 9
$79.46
Below
EMA 21
$78.91
Below
EMA 50
$77.62
Above
EMA 200
$75.78
Above
Fundamental Analysis
Valuation
33
Growth
35
Profitability
0
Financial Health
50
Cash Flow
38
Valuation
P/E Ratio
41.8×
P/B Ratio
1.43×
PEG Ratio
4.44
Dividend Yield
0.04%
52W High
$82.08
52W Low
$69.56
Quality & Growth
ROE
3.3%
ROA
2.1%
Gross Margin
88.9%
Operating Margin
47.9%
Revenue Growth YoY
—
Debt / Equity
0.48
AI Fundamental Assessment
P/E ratio of 41.8 (rich relative to a 15-40x range); Price-to-book of 1.4x; PEG ratio of 4.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.0%; Return on assets of 0.0%; Net margin of 0.3%; Gross margin of 0.9%; Current ratio of 0.05 (tight short-term liquidity); Debt-to-equity of 0.48; Free cash flow margin of 1.0% (thin cash generation); Free cash flow per share is positive (4.45); Most recent quarter missed estimates by 9.2%; EPS growth decelerating (+6.4% -> -12.0% QoQ); Average YoY EPS growth of 2.3%; Analyst estimates flat over recent quarters
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