Elevation Point Wealth Partners LLC Takes $2.17 Million Position in Agree Realty Corporation $ADC

Elevation Point Wealth Partners LLC bought a new stake in Agree Realty Corporation (NYSE:ADC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,622 shares of the real estate investment trust’s stock, valued at approximately $2,175,000.

Several other institutional investors have also modified their holdings of the business. Clearstead Trust LLC raised its holdings in shares of Agree Realty by 192.1% in 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 during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Agree Realty in the 3rd quarter valued at about $32,000. Creative Financial Designs Inc. ADV increased its stake in shares of Agree Realty by 71.1% during 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 during the last quarter. Clearstead Advisors LLC increased its stake in shares of Agree Realty by 163.8% during the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 285 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Agree Realty by 214.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 373 shares during the period. Institutional investors own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ADC shares. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Jefferies Financial Group assumed coverage on Agree Realty in a report on Monday, June 1st. They set a “buy” rating and a $84.00 price target for the company. Weiss Ratings cut shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Mizuho decreased their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Robert W. Baird set a $83.00 price objective on shares of Agree Realty in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Agree Realty has an average rating of “Moderate Buy” and a consensus price target of $83.94.

Insider Transactions at Agree Realty

In related news, Chairman Richard Agree acquired 5,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the completion of the transaction, the chairman directly owned 90,512 shares of the company’s stock, valued at $6,463,461.92. The trade was a 5.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Agree Realty Stock Up 0.1%

Shares of ADC opened at $73.95 on Monday. The firm has a 50 day simple moving average of $76.78 and a two-hundred day simple moving average of $76.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. Agree Realty Corporation has a one year low of $69.56 and a one year high of $82.08. The company has a market cap of $9.20 billion, a P/E ratio of 39.76, a P/E/G ratio of 2.42 and a beta of 0.47.

Agree Realty (NYSE:ADC) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The business had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Research analysts forecast that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.267 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 31st. Agree Realty’s dividend payout ratio (DPR) is currently 172.04%.

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.