Agree Realty Corporation $ADC Stock Holdings Lifted by UBS Group AG

UBS Group AG grew its position in Agree Realty Corporation (NYSE:ADC) by 28.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 302,257 shares of the real estate investment trust’s stock after purchasing an additional 67,686 shares during the period. UBS Group AG’s holdings in Agree Realty were worth $21,772,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Agree Realty by 0.5% in 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 buying an additional 84,568 shares in the last quarter. State Street Corp raised its position in Agree Realty by 0.5% during the third quarter. State Street Corp now owns 5,792,525 shares of the real estate investment trust’s stock valued at $412,954,000 after acquiring an additional 27,546 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Agree Realty by 1.8% in the third quarter. Centersquare Investment Management LLC now owns 2,896,229 shares of the real estate investment trust’s stock valued at $205,748,000 after acquiring an additional 51,269 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Agree Realty by 0.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,362,396 shares of the real estate investment trust’s stock valued at $167,825,000 after acquiring an additional 15,389 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Agree Realty by 65.6% in the third quarter. JPMorgan Chase & Co. now owns 2,016,722 shares of the real estate investment trust’s stock worth $143,268,000 after acquiring an additional 799,185 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ADC shares. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Stifel Nicolaus upped their price objective on shares of Agree Realty from $83.50 to $84.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Citigroup increased their target price on shares of Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their target price on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial boosted their price target on Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.36.

Agree Realty Price Performance

Shares of Agree Realty stock opened at $76.45 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $77.77 and a 200-day simple moving average of $75.11. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.61 and a beta of 0.50. 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 earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $211.49 million for the quarter, compared to analyst estimates of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. Agree Realty’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, sell-side analysts expect that Agree Realty Corporation will post 4.43 earnings per share for the current year.

Agree Realty Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be paid a $0.267 dividend. The ex-dividend date is Thursday, April 30th. This is a boost from Agree Realty’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Agree Realty’s dividend payout ratio is presently 172.97%.

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.