Agree Realty (NYSE:ADC) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Agree Realty (NYSE:ADC) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04), FiscalAI reports. The business had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. Agree Realty updated its FY 2026 guidance to 4.570-4.590 EPS.

Agree Realty Stock Performance

Shares of ADC stock traded down $2.07 during mid-day trading on Thursday, hitting $78.32. The stock had a trading volume of 1,206,439 shares, compared to its average volume of 1,230,584. The firm has a market cap of $9.41 billion, a PE ratio of 42.34, a PEG ratio of 2.70 and a beta of 0.47. The company’s 50-day simple moving average is $76.42 and its 200-day simple moving average is $76.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. Agree Realty has a fifty-two week low of $69.56 and a fifty-two week high of $82.08.

Agree Realty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.267 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, July 31st. Agree Realty’s dividend payout ratio is 172.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADC. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Agree Realty from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup upped their target price on shares of Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Agree Realty from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Mizuho cut their price target on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.88.

Insiders Place Their Bets

In related news, Chairman Richard Agree bought 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg Lehmkuhl acquired 750 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $75.09 per share, with a total value of $56,317.50. Following the completion of the purchase, the director directly owned 34,465 shares in the company, valued at $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 19,045 shares of company stock worth $1,415,943. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in Agree Realty by 268.9% in the 1st quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock worth $2,112,000 after acquiring an additional 19,948 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Agree Realty by 158.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 356 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Agree Realty during the second quarter worth $1,875,000. EverSource Wealth Advisors LLC grew its position in shares of Agree Realty by 245.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 965 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Agree Realty by 46.8% in the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock valued at $5,421,000 after purchasing an additional 23,662 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.