Rep. Josh Gottheimer Sells Agree Realty Corporation (NYSE:ADC) Shares

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Agree Realty Corporation (NYSE:ADC). In a filing disclosed on July 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Agree Realty stock on June 1st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Nintendo (OTCMKTS:NTDOY) on 6/17/2026.
• Sold $1,001 – $15,000 in shares of Insmed (NASDAQ:INSM) on 6/10/2026.
• Sold $1,001 – $15,000 in shares of Novozymes A/S (OTCMKTS:NVZMY) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Booking (NASDAQ:BKNG) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
• Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 5/21/2026.

Agree Realty Price Performance

ADC opened at $77.95 on Thursday. The firm has a market capitalization of $9.36 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $75.32 and its two-hundred day moving average is $75.59. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08.

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

Agree Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.267 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 dividend on an annualized basis and a yield of 1.4%. Agree Realty’s dividend payout ratio is currently 172.97%.

Insider Buying and Selling at Agree Realty

In other Agree Realty news, Director Greg Lehmkuhl purchased 750 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, with a total value of $56,317.50. Following the purchase, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Richard Agree purchased 5,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $71.41 per share, with a total value of $357,050.00. Following the completion of the acquisition, the chairman owned 90,512 shares in the company, valued at approximately $6,463,461.92. This trade represents a 5.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 19,045 shares of company stock worth $1,415,943 in the last ninety days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Agree Realty in a research note on Monday, June 1st. They set a “buy” rating and a $84.00 price objective for the company. Raymond James Financial raised their target price on shares of Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 17th. BMO Capital Markets downgraded Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research report on Friday, April 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Agree Realty in a research note on Thursday, July 2nd. Finally, Barclays lowered their target price on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.80.

Institutional Trading of Agree Realty

Several institutional investors have recently bought and sold shares of the business. Clearstead Trust LLC lifted its holdings in Agree Realty by 192.1% during the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 242 shares in the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Agree Realty in the third quarter valued at about $32,000. Creative Financial Designs Inc. ADV lifted its stake in Agree Realty by 71.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Agree Realty by 163.8% in the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 285 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in Agree Realty by 178.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 350 shares during the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Agree Realty

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.