Agree Realty Corporation $ADC Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Agree Realty Corporation (NYSE:ADC) by 9.9% in the fourth quarter, HoldingsChannel reports. The fund owned 508,574 shares of the real estate investment trust’s stock after buying an additional 45,677 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Agree Realty were worth $36,785,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Westside Investment Management Inc. boosted its holdings in shares of Agree Realty by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Agree Realty in the 3rd quarter worth $32,000. Cornerstone Planning Group LLC raised its position in shares of Agree Realty by 1,513.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 484 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 454 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Agree Realty by 178.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 350 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Agree Realty by 158.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 356 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Stock Performance

Shares of ADC opened at $77.25 on Friday. The business’s fifty day moving average price is $78.18 and its 200 day moving average price is $74.83. Agree Realty Corporation has a 12-month low of $69.56 and a 12-month high of $82.08. The stock has a market capitalization of $9.28 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.81.

Agree Realty (NYSE:ADC) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts forecast that Agree Realty Corporation will post 4.42 EPS for the current year.

Agree Realty Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be paid a $0.267 dividend. The ex-dividend date is Thursday, April 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 4.1%. Agree Realty’s dividend payout ratio (DPR) is 177.40%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADC. Morgan Stanley set a $81.00 target price on Agree Realty in a research note on Tuesday. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Stifel Nicolaus raised their price objective on Agree Realty from $83.50 to $84.50 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective on the stock. in a research note on Friday, April 17th. Finally, Raymond James Financial raised their price objective on Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Agree Realty 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.