Mizuho Modestly Adjusts Valuation on Agree Realty (ADC)

Agree Realty Corporation (NYSE:ADC) is included among the 13 Highest Paying Monthly Dividend Stocks to Buy.

On December 17, Mizuho lowered its price target on Agree Realty to $75 from $77. The firm kept a Neutral rating on the stock.

Agree Realty Corporation (NYSE:ADC) is a net-lease REIT that owns free-standing retail properties, including grocery stores, home improvement chains, dollar stores, and pharmacies. These are places people still visit even when budgets get tight or shopping shifts online. That focus gives the company steady rent checks and supports its dividend.

The dividend history can look confusing at first. In 2021, Agree Realty Corporation (NYSE:ADC) moved from quarterly to monthly payments. On the surface, it looks like a cut. However, on a yearly basis, the payout has gone up every single year since the 2008–09 financial crisis.

Over the past decade, the dividend has grown at a 5.3% annual rate. Two increases in 2025 have already pushed the payout 3.6% higher. Growth is still part of the plan as Agree Realty Corporation (NYSE:ADC) expects to invest up to $1.65 billion in new properties in 2025. On December 11, the company declared a monthly dividend of $0.262 per share.

While we acknowledge the potential of ADC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.