8,691 Shares in Agree Realty Corporation $ADC Bought by Capital Square LLC

Capital Square LLC purchased a new stake in Agree Realty Corporation (NYSE:ADC) during the second quarter, HoldingsChannel reports. The institutional investor purchased 8,691 shares of the real estate investment trust’s stock, valued at approximately $678,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Trust LLC boosted its position 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 worth $27,000 after acquiring an additional 242 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Agree Realty in the third quarter valued at approximately $32,000. Clearstead Advisors LLC raised its holdings 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. Creative Financial Designs Inc. ADV lifted 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 worth $33,000 after purchasing an additional 192 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position 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 purchasing an additional 373 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

Agree Realty Price Performance

Shares of NYSE ADC opened at $73.95 on Monday. The firm has a market cap of $9.20 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 2.42 and a beta of 0.47. The business’s 50 day moving average is $76.78 and its 200-day moving average is $76.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year high of $82.08.

Agree Realty (NYSE:ADC) last released its quarterly earnings results 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 firm had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter last year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities research analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, July 22nd. 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 report on Wednesday, May 13th. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings cut Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Robert W. Baird set a $83.00 target price on Agree Realty in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.94.

Insider Activity

In other Agree Realty news, Chairman Richard Agree purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the completion of the purchase, the chairman owned 90,512 shares of the company’s stock, valued at approximately $6,463,461.92. The trade was a 5.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

About Agree Realty

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.