Landscape Capital Management L.L.C. Invests $1.16 Million in Agree Realty Corporation $ADC

Landscape Capital Management L.L.C. acquired a new stake in Agree Realty Corporation (NYSE:ADC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,270 shares of the real estate investment trust’s stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clearstead Trust LLC raised 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 worth $27,000 after acquiring an additional 242 shares in the last quarter. Wiser Advisor Group LLC bought a new position in Agree Realty in the third quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV grew its stake in 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 in the last quarter. Clearstead Advisors LLC increased its position 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 increased its position in shares of Agree Realty by 214.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADC shares. Robert W. Baird set a $83.00 price objective on Agree Realty in a research note on Friday, July 31st. Barclays raised their target price on shares of Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Mizuho cut their price target on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Agree Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.94.

Insider Transactions at Agree Realty

In other Agree Realty news, Chairman Richard Agree purchased 5,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $71.41 per share, with a total value of $357,050.00. Following the acquisition, the chairman directly owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This trade represents a 5.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Agree Realty Price Performance

Shares of NYSE ADC opened at $73.95 on Monday. The business’s 50 day moving average price is $76.78 and its two-hundred day moving average price is $76.80. The company has a market cap of $9.20 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 2.42 and a beta of 0.47. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the prior year, the company earned $1.06 EPS. Agree Realty’s quarterly revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, analysts predict that Agree Realty Corporation will post 4.45 EPS for the current year.

Agree Realty Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.267 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio is 172.04%.

Agree Realty Company 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.