Quantbot Technologies LP Buys Shares of 97,834 Agree Realty Corporation $ADC

Quantbot Technologies LP bought a new stake in shares of Agree Realty Corporation (NYSE:ADC) during the second quarter, HoldingsChannel.com reports. The fund bought 97,834 shares of the real estate investment trust’s stock, valued at approximately $7,410,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC boosted its holdings in Agree Realty by 192.1% during the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 242 shares during the period. Wiser Advisor Group LLC bought a new position in Agree Realty in the 3rd quarter valued at $32,000. Creative Financial Designs Inc. ADV increased 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 worth $33,000 after purchasing an additional 192 shares during the period. Clearstead Advisors LLC increased its stake in Agree Realty by 163.8% in the fourth 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 period. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Agree Realty by 214.4% during the fourth 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. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADC. Jefferies Financial Group started coverage on shares of Agree Realty in a research note on Monday, June 1st. They set a “buy” rating and a $84.00 target price for the company. Weiss Ratings downgraded shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Huntington initiated coverage on shares of Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price objective for the company. Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Mizuho dropped their target price 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Agree Realty has a consensus rating of “Moderate Buy” and a consensus price target of $83.94.

Agree Realty Price Performance

Shares of ADC stock opened at $73.95 on Friday. The stock’s 50-day moving average is $76.78 and its 200 day moving average is $76.76. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year high of $82.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $9.20 billion, a P/E ratio of 39.76, a PEG ratio of 2.42 and a beta of 0.47.

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

Agree Realty Dividend Announcement

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

Insider Buying and Selling

In other Agree Realty news, Chairman Richard Agree purchased 5,000 shares of the 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 completion of the acquisition, the chairman owned 90,512 shares in the company, valued at $6,463,461.92. The trade was a 5.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.80% 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.