Agree Realty Corporation (ADC) To Go Ex-Dividend on July 31st

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 31st will be given a dividend of 0.267 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, July 31st.

Agree Realty has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Agree Realty has a dividend payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Trading Down 0.6%

Shares of Agree Realty stock opened at $77.54 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Agree Realty has a 12-month low of $69.56 and a 12-month high of $82.08. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 2.59 and a beta of 0.47. The firm’s 50-day moving average price is $75.46 and its two-hundred day moving average price is $75.79.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 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 company had revenue of $211.49 million during the quarter, compared to analysts’ expectations of $195.73 million. During the same period in the previous year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, analysts forecast that Agree Realty will post 4.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Greg Lehmkuhl purchased 750 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the completion of the acquisition, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard Agree purchased 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $71.41 per share, with a total value of $357,050.00. Following the completion of the purchase, the chairman directly owned 90,512 shares in the company, valued at $6,463,461.92. The trade was a 5.85% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 19,045 shares of company stock valued at $1,415,943. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Agree Realty

Several hedge funds and other institutional investors have recently made changes to their positions in ADC. Vanguard Group Inc. raised its holdings in Agree Realty by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,731,141 shares of the real estate investment trust’s stock valued at $1,133,114,000 after buying an additional 84,568 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Agree Realty by 4.8% during the fourth quarter. Cohen & Steers Inc. now owns 14,094,952 shares of the real estate investment trust’s stock valued at $1,015,324,000 after acquiring an additional 649,301 shares during the last quarter. State Street Corp lifted its holdings in shares of Agree Realty by 1.6% during the fourth quarter. State Street Corp now owns 5,884,291 shares of the real estate investment trust’s stock worth $425,350,000 after purchasing an additional 91,766 shares during the period. Principal Financial Group Inc. grew its stake in shares of Agree Realty by 5.4% in the first quarter. Principal Financial Group Inc. now owns 4,526,088 shares of the real estate investment trust’s stock worth $341,180,000 after purchasing an additional 232,532 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in shares of Agree Realty by 13.9% in the fourth quarter. Centersquare Investment Management LLC now owns 3,299,172 shares of the real estate investment trust’s stock worth $237,639,000 after purchasing an additional 402,943 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

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.