First National Bank of Omaha Makes New $1.37 Million Investment in Agree Realty Corporation $ADC

First National Bank of Omaha acquired a new position in Agree Realty Corporation (NYSE:ADC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 18,130 shares of the real estate investment trust’s stock, valued at approximately $1,373,000.

A number of other large investors also recently modified their holdings of ADC. Clearstead Trust LLC boosted its position in shares of Agree Realty by 192.1% during the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 242 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in Agree Realty during the third quarter worth $32,000. Creative Financial Designs Inc. ADV raised its position 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 raised its position 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, Transamerica Financial Advisors LLC lifted its stake in Agree Realty by 214.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Richard Agree bought 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $71.41 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADC shares. Barclays lifted their price objective on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Mizuho lowered their target price on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Huntington began coverage on shares of Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target on the stock. Finally, Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.94.

Agree Realty Stock Performance

Shares of ADC opened at $74.46 on Thursday. The stock has a 50 day moving average of $76.83 and a 200 day moving average of $76.76. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.43 and a beta of 0.47. Agree Realty Corporation has a 12 month low of $69.56 and a 12 month high of $82.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, sell-side analysts forecast 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 Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio (DPR) is 172.04%.

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.