Mitsubishi UFJ Asset Management Co. Ltd. Takes $7.78 Million Position in Agree Realty Corporation $ADC

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Agree Realty Corporation (NYSE:ADC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 102,730 shares of the real estate investment trust’s stock, valued at approximately $7,781,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADC. Clearstead Trust LLC increased its position in shares of 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 purchasing an additional 242 shares during the period. Wiser Advisor Group LLC acquired a new stake in shares of Agree Realty in the third quarter valued at $32,000. Creative Financial Designs Inc. ADV boosted its stake in Agree Realty by 71.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 192 shares in the last quarter. Clearstead Advisors LLC raised its position 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 acquiring an additional 285 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in 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 acquiring an additional 373 shares in the last quarter. 97.83% of the stock is owned by institutional investors.

Agree Realty Trading Down 0.7%

Agree Realty stock opened at $73.95 on Friday. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 2.43 and a beta of 0.47. The company has a 50 day moving average price of $76.78 and a 200 day moving average price of $76.76.

Agree Realty (NYSE:ADC) last announced its 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). The firm had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. Agree Realty’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. 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 year.

Agree Realty Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.267 per share. This represents a c) annualized dividend and a 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

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Citigroup lifted their price target on shares of Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Jefferies Financial Group initiated coverage on Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 price target on the stock. Mizuho cut 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. Finally, Weiss Ratings lowered Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Agree Realty presently has a consensus rating of “Moderate Buy” and an average target price of $83.94.

Insider Transactions at Agree Realty

In other Agree Realty news, Chairman Richard Agree acquired 5,000 shares of Agree Realty stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $71.41 per share, with a total value of $357,050.00. Following the purchase, the chairman owned 90,512 shares in the company, valued at approximately $6,463,461.92. The trade was a 5.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.