Agree Realty Corporation $ADC Shares Bought by Centersquare Investment Management LLC

Centersquare Investment Management LLC raised its holdings in Agree Realty Corporation (NYSE:ADC) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,299,172 shares of the real estate investment trust’s stock after buying an additional 402,943 shares during the period. Agree Realty comprises about 2.3% of Centersquare Investment Management LLC’s holdings, making the stock its 14th largest position. Centersquare Investment Management LLC’s holdings in Agree Realty were worth $237,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADC. Jane Street Group LLC raised its stake in Agree Realty by 268.9% in the first quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock valued at $2,112,000 after buying an additional 19,948 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Agree Realty by 158.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 356 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Agree Realty during the second quarter worth about $1,875,000. EverSource Wealth Advisors LLC grew its holdings in shares of Agree Realty by 245.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 965 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Agree Realty by 46.8% during the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock worth $5,421,000 after purchasing an additional 23,662 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Agree Realty

In other news, CEO Joey Agree acquired 13,295 shares of Agree Realty stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $75.41 per share, for a total transaction of $1,002,575.95. Following the completion of the transaction, the chief executive officer directly owned 675,105 shares in the company, valued at approximately $50,909,668.05. This trade represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price of $71.41 per share, with a total value of $357,050.00. Following the transaction, the chairman owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This trade represents a 5.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 19,191 shares of company stock worth $1,426,994 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Agree Realty Price Performance

Shares of NYSE:ADC opened at $74.94 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.00 billion, a P/E ratio of 40.51, a PEG ratio of 2.54 and a beta of 0.48. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08. The company has a 50-day moving average price of $75.96 and a 200 day moving average price of $75.26.

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. The firm had revenue of $211.49 million during the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Research analysts predict that Agree Realty Corporation will post 4.44 earnings per share for the current year.

Agree Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.267 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 dividend on an annualized basis and a yield of 1.4%. Agree Realty’s dividend payout ratio (DPR) is presently 172.97%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ADC shares. Robert W. Baird raised their price objective on Agree Realty from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group started coverage on Agree Realty in a report on Monday, June 1st. They set a “buy” rating and a $84.00 price objective on the stock. Citigroup raised 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. Truist Financial raised their price objective on Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agree Realty has an average rating of “Moderate Buy” and an average price target of $83.80.

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.