Agree Realty (NYSE:ADC) Reaches New 52-Week Low – Here’s What Happened

Agree Realty Corporation (NYSE:ADC) hit a new 52-week low on Wednesday . The company traded as low as $69.48 and last traded at $69.5770, with a volume of 253832 shares changing hands. The stock had previously closed at $70.07.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays upped 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. Huntington initiated coverage on shares of Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.94.

Agree Realty Trading Down 1.1%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $8.62 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. The company has a 50-day moving average price of $75.75 and a 200 day moving average price of $76.28.

Agree Realty (NYSE:ADC) last posted 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 company had revenue of $216.33 million during 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%. Agree Realty’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, research analysts forecast that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.267 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, September 30th. Agree Realty’s payout ratio is 172.04%.

Insider Buying and Selling

In other news, Director John Rakolta, Jr. bought 20,000 shares of the stock in a transaction on Thursday, August 27th. The stock was 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 directly owned 622,061 shares in the company, valued at approximately $45,553,527.03. The trade was a 3.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Institutional Trading of Agree Realty

Several hedge funds and other institutional investors have recently made changes to their positions in ADC. Clearstead Trust LLC boosted its position in shares of Agree Realty by 192.1% in the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares in the last quarter. Creative Financial Designs Inc. ADV raised 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 valued at $33,000 after buying an additional 192 shares during the last quarter. Clearstead Advisors LLC boosted its holdings 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. Gables Capital Management Inc. purchased a new stake in shares of Agree Realty during the second quarter worth about $45,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Agree Realty during the second quarter valued at about $45,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.