J. Derek Lewis & Associates Inc. Acquires New Shares in Agree Realty Corporation $ADC

J. Derek Lewis & Associates Inc. acquired a new position in shares of Agree Realty Corporation (NYSE:ADC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,900 shares of the real estate investment trust’s stock, valued at approximately $497,000.

A number of other institutional investors also recently bought and sold shares of ADC. Clearstead Trust LLC raised its position 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 during the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Agree Realty in the third quarter valued at about $32,000. Creative Financial Designs Inc. ADV grew its position 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 last quarter. Clearstead Advisors LLC grew its position in shares of Agree Realty by 163.8% in the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Agree Realty by 178.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 350 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Agree Realty news, CEO Joey Agree purchased 13,295 shares of Agree Realty stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $75.41 per share, with a total value of $1,002,575.95. Following the purchase, the chief executive officer directly owned 675,105 shares in the company, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg Lehmkuhl acquired 750 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the acquisition, the director directly owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 19,191 shares of company stock valued at $1,426,994 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Agree Realty Stock Performance

Shares of NYSE ADC opened at $73.23 on Friday. The company has a market cap of $8.79 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48. Agree Realty Corporation has a 12 month low of $69.56 and a 12 month high of $82.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day simple moving average of $75.70 and a 200-day simple moving average of $75.23.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, equities analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.267 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 annualized dividend and a yield of 1.5%. Agree Realty’s payout ratio is 172.97%.

Analyst Ratings Changes

Several research analysts recently issued reports on ADC shares. BMO Capital Markets downgraded Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a research report on Friday, April 17th. Citigroup increased their target price on Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a report on Friday, April 24th. Truist Financial raised 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. Raymond James Financial boosted their price target on Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 17th. Finally, Mizuho reduced their price objective on Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.80.

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.