Vise Technologies Inc. Purchases Shares of 16,445 Agree Realty Corporation $ADC

Vise Technologies Inc. purchased a new stake in Agree Realty Corporation (NYSE:ADC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,445 shares of the real estate investment trust’s stock, valued at approximately $1,185,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its stake in Agree Realty by 2.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 154 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Agree Realty by 18.2% in the third quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 171 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Agree Realty by 5.8% in the third quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 174 shares during the period. Fifth Third Bancorp increased its holdings in shares of Agree Realty by 2.7% in the fourth quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 176 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Agree Realty by 71.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 192 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ADC shares. Royal Bank Of Canada increased their price objective on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley set a $81.00 price objective on Agree Realty in a report on Tuesday, April 21st. Barclays cut their price objective on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Jefferies Financial Group started coverage on Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 price objective on the stock. Finally, Raymond James Financial increased their price objective on Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.80.

Agree Realty Stock Down 0.1%

Agree Realty stock opened at $73.31 on Tuesday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 39.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.48. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08. The business’s 50-day moving average price is $75.95 and its 200 day moving average price is $75.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $211.49 million for the quarter, compared to analyst estimates of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.Agree Realty’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, sell-side analysts anticipate that Agree Realty Corporation will post 4.44 earnings per share for the current year.

Agree Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.267 per share. This represents a $1.07 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

Insider Buying and Selling

In related news, Director Greg Lehmkuhl bought 750 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $75.09 per share, with a total value of $56,317.50. Following the completion of the acquisition, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard Agree purchased 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman directly owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This represents a 5.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 19,191 shares of company stock valued at $1,426,994 over the last ninety days. Company insiders own 1.80% of the company’s stock.

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.