Lmcg Investments LLC Acquires 21,893 Shares of Agree Realty Corporation $ADC

Lmcg Investments LLC increased its holdings in shares of Agree Realty Corporation (NYSE:ADC) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,349 shares of the real estate investment trust’s stock after acquiring an additional 21,893 shares during the period. Lmcg Investments LLC’s holdings in Agree Realty were worth $9,245,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ADC. Principal Financial Group Inc. grew its position in Agree Realty by 80.8% during the 4th quarter. Principal Financial Group Inc. now owns 4,293,556 shares of the real estate investment trust’s stock worth $309,266,000 after acquiring an additional 1,918,427 shares during the last quarter. JPMorgan Chase & Co. grew its position in Agree Realty by 65.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,016,722 shares of the real estate investment trust’s stock worth $143,268,000 after acquiring an additional 799,185 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in Agree Realty by 311.0% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 838,570 shares of the real estate investment trust’s stock worth $59,572,000 after acquiring an additional 634,520 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Agree Realty by 532.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,772 shares of the real estate investment trust’s stock worth $50,777,000 after acquiring an additional 601,689 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in Agree Realty by 208.5% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 635,405 shares of the real estate investment trust’s stock worth $45,139,000 after acquiring an additional 429,469 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ADC. Mizuho increased their price objective on Agree Realty from $75.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. UBS Group increased their price objective on Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada increased their price objective on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Truist Financial increased their price objective on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Agree Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.36.

Agree Realty Stock Performance

ADC stock opened at $76.58 on Thursday. The business’s fifty day moving average is $77.96 and its 200-day moving average is $75.09. 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 market cap of $9.20 billion, a P/E ratio of 41.39, a price-to-earnings-growth ratio of 2.60 and a beta of 0.50. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08.

Agree Realty (NYSE:ADC) last posted its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts forecast that Agree Realty Corporation will post 4.43 EPS for the current year.

Agree Realty Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be paid a dividend of $0.267 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 30th. This is a boost from Agree Realty’s previous monthly dividend of $0.26. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

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.