Agree Realty Corporation $ADC Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in shares of Agree Realty Corporation (NYSE:ADC) by 2.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 393,073 shares of the real estate investment trust’s stock after selling 11,786 shares during the period. Agree Realty makes up approximately 1.5% of Leeward Investments LLC MA’s portfolio, making the stock its 6th largest position. Leeward Investments LLC MA’s holdings in Agree Realty were worth $29,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC lifted its position in shares of Agree Realty by 192.1% in the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares in the last quarter. Wiser Advisor Group LLC bought a new position in Agree Realty in the third quarter valued at $32,000. Creative Financial Designs Inc. ADV increased its stake in Agree Realty by 71.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 192 shares during the last quarter. Clearstead Advisors LLC increased its stake in Agree Realty by 163.8% in the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in 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 in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Agree Realty Stock Up 1.3%

Agree Realty stock opened at $74.34 on Wednesday. The firm has a market capitalization of $8.93 billion, a PE ratio of 40.18, a P/E/G ratio of 2.46 and a beta of 0.48. The company’s 50-day moving average is $75.53 and its 200-day moving average is $75.22. Agree Realty Corporation has a fifty-two week low of $69.56 and a fifty-two week high of $82.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $195.73 million. During the same period last year, the business posted $0.42 EPS. Agree Realty’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. Sell-side analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.267 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 annualized dividend and a yield of 1.4%. Agree Realty’s dividend payout ratio is currently 172.97%.

Insider Activity

In other Agree Realty news, Chairman Richard Agree acquired 5,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $71.41 per share, with a total value of $357,050.00. Following the completion of the transaction, the chairman directly owned 90,512 shares in the company, valued at approximately $6,463,461.92. This represents a 5.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greg Lehmkuhl bought 750 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, with a total value of $56,317.50. Following the completion of the purchase, the director directly owned 34,465 shares in the company, valued at $2,587,976.85. This trade represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 19,191 shares of company stock valued at $1,426,994 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADC. Weiss Ratings upgraded shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. Royal Bank Of Canada lifted their target price on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target for the company. in a research report on Friday, April 17th. Jefferies Financial Group began coverage on Agree Realty in a research note on Monday, June 1st. They issued a “buy” rating and a $84.00 price target for the company. Finally, Raymond James Financial boosted their price target on Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.80.

Agree Realty Company 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.