Leeward Investments LLC MA Sells 9,811 Shares of Agree Realty Corporation $ADC

Leeward Investments LLC MA trimmed its stake in shares of Agree Realty Corporation (NYSE:ADC) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 404,859 shares of the real estate investment trust’s stock after selling 9,811 shares during the period. Agree Realty comprises about 1.5% of Leeward Investments LLC MA’s portfolio, making the stock its 7th largest position. Leeward Investments LLC MA owned about 0.35% of Agree Realty worth $29,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evergreen Capital Management LLC grew its position in Agree Realty by 2.7% in the fourth 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 in the last quarter. AE Wealth Management LLC grew its position in Agree Realty by 3.5% in the third quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 156 shares in the last quarter. IFP Advisors Inc grew its position in Agree Realty by 18.2% in the third 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 in the last quarter. QRG Capital Management Inc. grew its position in Agree Realty by 5.4% in the third quarter. QRG Capital Management Inc. now owns 3,395 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 174 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Agree Realty by 5.8% in the third quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 174 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ADC shares. BMO Capital Markets downgraded shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 target price for the company. in a research report on Friday, April 17th. Truist Financial raised their target price on shares of Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. UBS Group raised their target price on shares of Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Robert W. Baird raised their target price on shares of Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley set a $81.00 target price on shares of Agree Realty in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Agree Realty Stock Performance

Shares of ADC opened at $75.21 on Friday. The firm has a 50-day moving average of $77.44 and a 200-day moving average of $75.13. Agree Realty Corporation has a one year low of $69.56 and a one year high of $82.08. The company has a market cap of $9.03 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 2.57 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.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The company had revenue of $211.49 million during the quarter, compared to the consensus estimate of $195.73 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities analysts forecast that Agree Realty Corporation will post 4.44 earnings per share for the current year.

Agree Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.267 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

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.