Agree Realty (NYSE:ADC) Director Acquires $1,464,600.00 in Stock

Agree Realty Corporation (NYSE:ADC) Director John Rakolta, Jr. acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $73.23 per share, for a total transaction of $1,464,600.00. Following the acquisition, the director directly owned 622,061 shares of the company’s stock, valued at $45,553,527.03. This trade represents a 3.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Agree Realty Price Performance

Agree Realty stock opened at $72.61 on Thursday. The company has a market cap of $9.03 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.37 and a beta of 0.46. Agree Realty Corporation has a one year low of $69.56 and a one year high of $82.08. The business has a fifty day moving average of $76.66 and a two-hundred day moving average of $76.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company 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 business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio (DPR) is presently 172.04%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Clearstead Trust LLC lifted its stake in Agree Realty by 192.1% in the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 242 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Agree Realty during the third quarter worth $32,000. Clearstead Advisors LLC increased its position in Agree Realty by 163.8% during the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 285 shares in the last quarter. Creative Financial Designs Inc. ADV raised 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 worth $33,000 after acquiring an additional 192 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Agree Realty by 214.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 373 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $83.00 price target on Agree Realty in a report on Friday, July 31st. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Huntington initiated coverage on Agree Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 target price on the stock. Jefferies Financial Group began coverage on Agree Realty in a research report on Monday, June 1st. They issued a “buy” rating and a $84.00 price target for the company. Finally, Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Agree Realty presently has an average rating of “Moderate Buy” and a consensus price target of $83.94.

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.