Agree Realty (NYSE:ADC) Director John Rakolta, Jr. Purchases 20,000 Shares

Agree Realty Corporation (NYSE:ADC) Director John Rakolta, Jr. acquired 20,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of $68.78 per share, for a total transaction of $1,375,600.00. Following the purchase, the director directly owned 654,602 shares of the company’s stock, valued at approximately $45,023,525.56. This trade represents a 3.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Agree Realty Stock Performance

ADC opened at $68.16 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty Corporation has a 12-month low of $67.93 and a 12-month high of $82.08. The business has a 50 day moving average of $75.37 and a 200-day moving average of $76.12. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.24 and a beta of 0.46.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The business had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, equities research analysts expect that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.267 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. Agree Realty’s dividend payout ratio is presently 172.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Community Bank of Raymore raised its position in shares of Agree Realty by 11.5% in the second quarter. Community Bank of Raymore now owns 44,624 shares of the real estate investment trust’s stock valued at $3,380,000 after buying an additional 4,600 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Agree Realty during the second quarter worth approximately $51,000. NewEdge Advisors LLC grew its position in Agree Realty by 2,367.6% during the second quarter. NewEdge Advisors LLC now owns 2,739 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,628 shares in the last quarter. Squarepoint Ops LLC increased its stake in Agree Realty by 103.4% during the 2nd quarter. Squarepoint Ops LLC now owns 86,373 shares of the real estate investment trust’s stock worth $6,542,000 after acquiring an additional 43,912 shares during the period. Finally, Arizona State Retirement System increased its stake in Agree Realty by 4.9% during the 2nd quarter. Arizona State Retirement System now owns 33,140 shares of the real estate investment trust’s stock worth $2,510,000 after acquiring an additional 1,555 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Trending Headlines about Agree Realty

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

• Positive Sentiment: CEO Joey Agree purchased 7,360 shares for approximately $501,000, while Director John Rakolta Jr. bought 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider purchases may signal that company leadership views ADC’s recent weakness as an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
• Neutral Sentiment: Agree Realty announced pricing of $400 million in 5.650% senior unsecured notes due 2036. The offering strengthens liquidity and provides capital for corporate purposes, but the 5.849% effective yield will increase interest expense and highlights the higher-cost financing environment for real estate investment trusts. Agree Realty announces pricing of $400 million of senior unsecured notes
• Negative Sentiment: Mizuho lowered its price target for Agree Realty from $80 to $72 and maintained a “neutral” rating. Although the revised target implies potential upside from recent levels, the reduction signals more limited expectations for the stock and may reinforce selling pressure.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Huntington began coverage on shares of Agree Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price objective for the company. Barclays boosted their price objective on Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Jefferies Financial Group began coverage on Agree Realty in a report on Monday, June 1st. They set a “buy” rating and a $84.00 price target for the company. Finally, Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

About Agree Realty

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.