UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Agree Realty Corporation $ADC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Agree Realty Corporation (NYSE:ADC) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,613 shares of the real estate investment trust’s stock after buying an additional 11,902 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.58% of Agree Realty worth $54,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC increased its stake in shares of Agree Realty by 192.1% in 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 period. Wiser Advisor Group LLC acquired a new stake in shares of Agree Realty during the 3rd quarter valued at about $32,000. Clearstead Advisors LLC increased 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 buying an additional 285 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Agree Realty by 71.1% in the 4th 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 in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake 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 in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Stock Performance

Shares of Agree Realty stock opened at $72.61 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $76.66 and its two-hundred day moving average is $76.69. The firm has a market capitalization of $9.03 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.37 and a beta of 0.46. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08.

Agree Realty (NYSE:ADC) last announced 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). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $216.33 million during the quarter, compared to analysts’ expectations of $204.53 million. During the same period last year, the firm earned $1.06 earnings per share. Agree Realty’s revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Research analysts forecast that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

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 issued a $0.267 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, August 31st. Agree Realty’s payout ratio is presently 172.04%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho dropped their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Robert W. Baird set a $83.00 price objective on Agree Realty in a research report on Friday, July 31st. Barclays lifted their target price on shares of Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. 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 target price for the company. Finally, Weiss Ratings raised Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. One investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.94.

Insider Buying and Selling

In other Agree Realty news, Director John Rakolta, Jr. acquired 20,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $73.23 per share, for a total transaction of $1,464,600.00. Following the completion of the purchase, the director owned 622,061 shares in the company, valued at $45,553,527.03. This trade represents a 3.32% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.