Graham Capital Management L.P. Increases Stock Holdings in Agree Realty Corporation $ADC

Graham Capital Management L.P. lifted its stake in Agree Realty Corporation (NYSE:ADC) by 161.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,346 shares of the real estate investment trust’s stock after buying an additional 33,595 shares during the period. Graham Capital Management L.P.’s holdings in Agree Realty were worth $3,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Agree Realty by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,731,141 shares of the real estate investment trust’s stock valued at $1,133,114,000 after acquiring an additional 84,568 shares during the period. Cohen & Steers Inc. boosted its holdings in Agree Realty by 4.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,094,952 shares of the real estate investment trust’s stock valued at $1,015,324,000 after acquiring an additional 649,301 shares during the period. State Street Corp boosted its holdings in Agree Realty by 1.6% during the 4th quarter. State Street Corp now owns 5,884,291 shares of the real estate investment trust’s stock valued at $425,350,000 after acquiring an additional 91,766 shares during the period. Principal Financial Group Inc. boosted its holdings in Agree Realty by 80.8% during the 4th quarter. Principal Financial Group Inc. now owns 4,293,556 shares of the real estate investment trust’s stock valued at $309,266,000 after acquiring an additional 1,918,427 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in Agree Realty by 13.9% during the 4th quarter. Centersquare Investment Management LLC now owns 3,299,172 shares of the real estate investment trust’s stock valued at $237,639,000 after acquiring an additional 402,943 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADC shares. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a report on Friday, April 17th. Mizuho dropped their price objective on Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. UBS Group upped their target price on Agree Realty from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Finally, Raymond James Financial upped their target price on Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Agree Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.80.

Agree Realty Price Performance

Shares of ADC stock opened at $74.68 on Wednesday. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 2.50 and a beta of 0.48. The stock has a fifty day simple moving average of $75.87 and a two-hundred day simple moving average of $75.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $211.49 million during the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, analysts predict that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.267 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Agree Realty’s payout ratio is presently 172.97%.

Insider Transactions at Agree Realty

In related news, CEO Joey Agree purchased 13,295 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $75.41 per share, with a total value of $1,002,575.95. Following the transaction, the chief executive officer owned 675,105 shares in the company, valued at approximately $50,909,668.05. The trade was a 2.01% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard Agree purchased 5,000 shares of Agree Realty stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $71.41 per share, with a total value of $357,050.00. Following the completion of the transaction, the chairman owned 90,512 shares in the company, valued at approximately $6,463,461.92. This represents a 5.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 19,191 shares of company stock valued at $1,426,994. Corporate insiders own 1.80% of the company’s stock.

Agree Realty Profile

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.