AlphaMark Advisors LLC maintained its stake in Agree Realty Corporation (NYSE:ADC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,730 shares of the real estate investment trust’s stock at the end of the second quarter. AlphaMark Advisors LLC’s holdings in Agree Realty Corporation were worth $355,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ADC. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Agree Realty Corporation by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,462 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 79 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Agree Realty Corporation by 2.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,935 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 80 shares during the period. Rothschild Asset Management Inc. boosted its stake in Agree Realty Corporation by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 30,387 shares of the real estate investment trust’s stock worth $1,394,000 after buying an additional 93 shares during the period. Arizona State Retirement System boosted its stake in Agree Realty Corporation by 0.7% in the first quarter. Arizona State Retirement System now owns 13,588 shares of the real estate investment trust’s stock worth $652,000 after buying an additional 100 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Agree Realty Corporation by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 12,222 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 150 shares during the period. Institutional investors own 86.89% of the company’s stock.

Agree Realty Corporation (ADC) opened at 48.98 on Thursday. The stock has a 50 day moving average price of $48.35 and a 200 day moving average price of $47.81. The stock has a market capitalization of $1.39 billion, a PE ratio of 22.03 and a beta of 0.59. Agree Realty Corporation has a 52 week low of $41.01 and a 52 week high of $51.50.

Agree Realty Corporation (NYSE:ADC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.17. Agree Realty Corporation had a return on equity of 8.23% and a net margin of 54.22%. The company had revenue of $28.10 million during the quarter, compared to the consensus estimate of $27.66 million. During the same period in the previous year, the firm posted $0.62 earnings per share. Agree Realty Corporation’s quarterly revenue was up 28.7% compared to the same quarter last year. Equities analysts forecast that Agree Realty Corporation will post $1.97 EPS for the current year.

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A number of research firms have commented on ADC. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Agree Realty Corporation in a research note on Saturday, May 20th. FBR & Co restated a “buy” rating on shares of Agree Realty Corporation in a research note on Saturday, May 6th. BidaskClub upgraded Agree Realty Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Canaccord Genuity assumed coverage on Agree Realty Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective on shares of Agree Realty Corporation in a research note on Friday, May 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Agree Realty Corporation presently has an average rating of “Buy” and a consensus target price of $51.89.

Agree Realty Corporation Company Profile

Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).

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Institutional Ownership by Quarter for Agree Realty Corporation (NYSE:ADC)

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