Agree Realty Corporation $ADC Stock: Leeward Investments LLC MA Trims Stake

Leeward Investments LLC MA lowered its stake in Agree Realty Corporation (NYSE:ADC) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 364,642 shares of the real estate investment trust’s stock after selling 15,549 shares during the quarter. Agree Realty makes up about 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 15th biggest position. Leeward Investments LLC MA’s holdings in Agree Realty were worth $24,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in shares of Agree Realty during the second quarter valued at about $33,000. Elevation Wealth Partners LLC increased its holdings in shares of Agree Realty by 172.2% in the third quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 272 shares during the last quarter. CX Institutional increased its holdings in shares of Agree Realty by 852.2% in the third quarter. CX Institutional now owns 438 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 392 shares during the last quarter. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Agree Realty in the third quarter worth about $32,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Agree Realty in the second quarter worth about $45,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ADC. Wells Fargo & Company dropped their price target 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. Barclays reduced their price objective on Agree Realty from $85.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 20th. Citigroup decreased their price objective on Agree Realty from $82.50 to $72.00 and set a “neutral” rating on the stock in a report on Friday. Wall Street Zen upgraded Agree Realty from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Stifel Nicolaus lowered their target price on Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agree Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.09.

Key Headlines 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

Insider Activity

In related news, Director John Rakolta, Jr. bought 20,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the acquisition, the director owned 654,602 shares in the company, valued at $45,023,525.56. This trade represents a 3.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Erlich bought 1,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was bought at an average price of $67.55 per share, with a total value of $67,550.00. Following the acquisition, the insider owned 60,388 shares in the company, valued at approximately $4,079,209.40. This trade represents a 1.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 48,496 shares of company stock valued at $3,418,670 in the last ninety days. Insiders own 1.80% of the company’s stock.

Agree Realty Stock Up 0.1%

Shares of NYSE ADC opened at $66.78 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. Agree Realty Corporation has a 12-month low of $64.34 and a 12-month high of $82.08. The firm’s 50-day moving average price is $69.39 and its 200-day moving average price is $73.99. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.96 and a beta of 0.42.

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

Agree Realty Increases Dividend

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

Agree Realty Company 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.