Agree Realty Corporation $ADC Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its position in Agree Realty Corporation (NYSE:ADC) by 9.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 221,606 shares of the real estate investment trust’s stock after selling 24,179 shares during the period. Aristotle Capital Boston LLC’s holdings in Agree Realty were worth $15,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Evergreen Capital Management LLC boosted its position in Agree Realty by 2.7% during the 4th quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 154 shares during the period. IFP Advisors Inc boosted its position in Agree Realty by 18.2% during the 3rd quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 171 shares during the period. Fifth Third Bancorp boosted its position in Agree Realty by 2.7% during the 4th quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 176 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Agree Realty by 71.1% during the 4th 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 period. Finally, Danske Bank A S boosted its position in Agree Realty by 22.2% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Buying and Selling at Agree Realty

In other news, CEO Joey Agree acquired 13,295 shares of the company’s stock in a transaction dated 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 owned 675,105 shares of the company’s stock, valued at approximately $50,909,668.05. This represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greg Lehmkuhl acquired 750 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the purchase, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. This represents a 2.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 19,191 shares of company stock valued at $1,426,994 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Agree Realty Stock Down 1.2%

Shares of Agree Realty stock opened at $73.82 on Thursday. The business’s fifty day moving average price is $75.84 and its two-hundred day moving average price is $75.26. 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 market capitalization of $8.87 billion, a P/E ratio of 39.90, a PEG ratio of 2.51 and a beta of 0.48. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year high of $82.08.

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

Agree Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.267 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.07 annualized dividend and a yield of 1.4%. Agree Realty’s payout ratio is presently 172.97%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADC shares. Weiss Ratings upgraded Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Mizuho reduced their price objective on Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. UBS Group boosted their price objective on Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Truist Financial boosted their price objective on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, Barclays reduced their price objective on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.80.

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.