Leeward Investments LLC MA Has $29.16 Million Position in Agree Realty Corporation $ADC

Leeward Investments LLC MA decreased its stake in shares of Agree Realty Corporation (NYSE:ADC) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 404,859 shares of the real estate investment trust’s stock after selling 9,811 shares during the period. Agree Realty accounts for about 1.5% of Leeward Investments LLC MA’s portfolio, making the stock its 7th largest holding. Leeward Investments LLC MA’s holdings in Agree Realty were worth $29,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. boosted its holdings in shares of Agree Realty by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 215 shares during the period. Wiser Advisor Group LLC bought a new stake in shares of Agree Realty during the 3rd quarter worth about $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of Agree Realty by 1,513.3% during 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 boosted its holdings in shares of Agree Realty by 178.6% during 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. boosted its holdings in shares of Agree Realty by 158.9% during 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 own 97.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ADC. Weiss Ratings raised shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. Mizuho dropped their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays lifted their price objective on shares of Agree Realty from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Citigroup lifted their price objective on shares of Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets cut shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Agree Realty Price Performance

Shares of Agree Realty stock opened at $75.21 on Friday. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. 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 50-day simple moving average of $77.44 and a two-hundred day simple moving average of $75.13. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.50.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The business had revenue of $211.49 million during the quarter, compared to analysts’ expectations of $195.73 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s 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. Analysts forecast that Agree Realty Corporation will post 4.44 EPS for the current year.

Agree Realty Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, May 29th. This represents a $1.07 annualized dividend and a dividend yield of 1.4%. Agree Realty’s payout ratio is presently 172.97%.

About Agree Realty

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.