Leeward Investments LLC MA Sells 15,549 Shares of Agree Realty Corporation $ADC

Leeward Investments LLC MA cut its stake in shares of Agree Realty Corporation (NYSE:ADC) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 364,642 shares of the real estate investment trust’s stock after selling 15,549 shares during the period. Agree Realty comprises about 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 15th biggest position. Leeward Investments LLC MA owned approximately 0.28% of Agree Realty worth $24,362,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Agree Realty by 3.0% during the third quarter. Signaturefd LLC now owns 13,371 shares of the real estate investment trust’s stock valued at $893,000 after purchasing an additional 389 shares during the period. James Investment Research Inc. raised its stake in shares of Agree Realty by 41.4% in the third quarter. James Investment Research Inc. now owns 18,821 shares of the real estate investment trust’s stock worth $1,257,000 after buying an additional 5,511 shares during the period. Inspire Investing LLC raised its stake in shares of Agree Realty by 15.4% in the third quarter. Inspire Investing LLC now owns 6,848 shares of the real estate investment trust’s stock worth $458,000 after buying an additional 916 shares during the period. Lmcg Investments LLC lifted its position in shares of Agree Realty by 1.1% during the 3rd quarter. Lmcg Investments LLC now owns 153,668 shares of the real estate investment trust’s stock valued at $10,267,000 after buying an additional 1,623 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Agree Realty by 13.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,808 shares of the real estate investment trust’s stock valued at $655,000 after buying an additional 1,172 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ADC shares. Wells Fargo & Company cut their price objective on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Weiss Ratings cut shares of Agree Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 20th. Mizuho decreased their target price on shares of Agree Realty from $80.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Wall Street Zen raised shares of Agree Realty from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BNP Paribas Exane lowered their price target on shares of Agree Realty from $84.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.09.

Agree Realty Trading Up 0.1%

Shares of Agree Realty stock opened at $66.78 on Monday. Agree Realty Corporation has a fifty-two week low of $64.34 and a fifty-two week high of $82.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $8.69 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.96 and a beta of 0.42. The company has a fifty day moving average of $69.39 and a 200 day moving average of $73.99.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.68. Agree Realty had a return on equity of 4.00% and a net margin of 29.75%. The business had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $211.52 million. During the same period last year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.2710 per share. This is an increase from Agree Realty’s previous monthly dividend of $0.2670. This represents a $3.25 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, October 30th. Agree Realty’s dividend payout ratio (DPR) is 164.95%.

Insider Buying and Selling

In other Agree Realty news, CEO Joey Agree bought 7,360 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $68.06 per share, with a total value of $500,921.60. Following the purchase, the chief executive officer owned 682,465 shares of the company’s stock, valued at $46,448,567.90. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Erlich bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the purchase, the insider directly owned 60,388 shares in the company, valued at $4,079,209.40. This trade represents a 1.68% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 48,496 shares of company stock worth $3,418,670. 1.80% of the stock is owned by corporate insiders.

Key Stories Impacting Agree Realty

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: RBC Capital maintained a Buy rating on Agree Realty, signaling continued confidence in the REIT’s long-term income and growth prospects. RBC Capital Remains a Buy on Agree Realty
• Positive Sentiment: Third-quarter results exceeded expectations, with revenue rising 16.7% year over year to $213.9 million and reported EPS of $1.15 versus the $0.47 consensus estimate. Management also raised its AFFO outlook, supporting the company’s dividend and valuation case. Agree Realty Q3 Earnings Lift AFFO Outlook
• Positive Sentiment: Agree Realty’s retail portfolio reached 99.8% occupancy in the third quarter, highlighting resilient tenant demand and stable rental cash flows. The company also increased its dividend, strengthening its appeal to income-focused investors. Agree Realty: 3 Key Takeaways
• Neutral Sentiment: An analysis argues that the selloff has created a more attractive income opportunity, but investors still must weigh interest-rate sensitivity and the REIT’s funding requirements. The Selloff Has Created an Attractive Income Opportunity
• Negative Sentiment: Citigroup lowered its price target from $82.50 to $72 and assigned a Neutral rating, reflecting limited expected upside and concerns about valuation or financing conditions. Citigroup recommendations
• Negative Sentiment: BNP Paribas Exane cut its price target, while Robert W. Baird issued a pessimistic forecast. These revisions add to the negative analyst sentiment surrounding ADC. BNP Paribas Exane price target cut Baird forecast
• Negative Sentiment: Management reduced its 2026 investment-volume guidance to $1.6 billion, and analysts continue to flag funding risks. Slower acquisition activity could constrain Agree Realty’s external growth. Agree Realty Q3 Earnings

Agree Realty Profile

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.

Its portfolio is focused mainly on essential retail properties occupied by nationally recognized and regional tenants, including grocery stores, home improvement retailers, dollar stores, pharmacies, and other necessity-based businesses.