Strs Ohio Grows Stock Position in Agree Realty Corporation $ADC

Strs Ohio lifted its stake in Agree Realty Corporation (NYSE:ADC) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,613 shares of the real estate investment trust’s stock after buying an additional 40,121 shares during the period. Strs Ohio’s holdings in Agree Realty were worth $16,899,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Horizon Investments LLC purchased a new position in shares of Agree Realty in the fourth quarter worth about $89,000. Fifth Third Bancorp increased its holdings in shares of Agree Realty by 2.7% in the fourth quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock worth $488,000 after buying an additional 176 shares during the period. Danske Bank A S increased its holdings in shares of Agree Realty by 22.2% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 200 shares during the period. Citizens National Bank Trust Department increased its holdings in shares of Agree Realty by 1.1% in the fourth quarter. Citizens National Bank Trust Department now owns 23,879 shares of the real estate investment trust’s stock worth $1,720,000 after buying an additional 269 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of Agree Realty by 29.5% in the fourth quarter. M&T Bank Corp now owns 36,212 shares of the real estate investment trust’s stock worth $2,608,000 after buying an additional 8,252 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Agree Realty Stock Up 0.1%

Shares of NYSE:ADC opened at $76.45 on Monday. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08. The company has a market cap of $9.18 billion, a PE ratio of 41.32, a P/E/G ratio of 2.61 and a beta of 0.50. 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 stock’s 50-day moving average is $78.06 and its 200 day moving average is $75.06.

Agree Realty (NYSE:ADC) last announced its quarterly 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. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. During the same quarter in the previous year, the business earned $0.42 EPS. Agree Realty’s revenue was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Sell-side analysts anticipate that Agree Realty Corporation will post 4.43 EPS for the current year.

Agree Realty Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.267 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from Agree Realty’s previous monthly dividend of $0.26. Agree Realty’s payout ratio is presently 172.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADC. Citigroup lifted their price objective on Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a report on Friday, April 24th. Mizuho boosted their price target on Agree Realty from $75.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Truist Financial boosted their price target on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Royal Bank Of Canada boosted their price target on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Robert W. Baird boosted their price target on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.36.

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.