73,317 Agree Realty Corporation $ADC Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Agree Realty Corporation (NYSE:ADC) by 18.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,925 shares of the real estate investment trust’s stock after buying an additional 73,317 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Agree Realty were worth $32,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADC. Private Advisor Group LLC boosted its position in Agree Realty by 5.0% in the 1st quarter. Private Advisor Group LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 145 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of Agree Realty by 1.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 14,199 shares of the real estate investment trust’s stock worth $1,070,000 after acquiring an additional 154 shares during the period. IFM Investors Pty Ltd increased its position in shares of Agree Realty by 0.9% during the first quarter. IFM Investors Pty Ltd now owns 18,601 shares of the real estate investment trust’s stock worth $1,402,000 after acquiring an additional 171 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Agree Realty by 3.4% during the first quarter. Integrated Investment Consultants LLC now owns 5,771 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 192 shares during the period. Finally, Elevation Wealth Partners LLC increased its position in shares of Agree Realty by 172.2% during the third quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Insider Activity at Agree Realty

In other Agree Realty news, CEO Joey Agree purchased 7,360 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average cost of $68.06 per share, with a total value of $500,921.60. Following the acquisition, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at approximately $46,448,567.90. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Erlich purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of $67.55 per share, with a total value of $67,550.00. Following the completion of the acquisition, the insider directly owned 60,388 shares in the company, valued at $4,079,209.40. The trade was a 1.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 48,496 shares of company stock valued at $3,418,670 over the last quarter. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ADC has been the topic of several analyst reports. Weiss Ratings cut Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Huntington started coverage on Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 target price for the company. Robert W. Baird set a $83.00 price target on Agree Realty in a report on Friday, July 31st. Finally, Truist Financial initiated coverage on Agree Realty in a report on Thursday, October 1st. They set a “buy” rating and a $75.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agree Realty has a consensus rating of “Moderate Buy” and a consensus price target of $82.81.

Agree Realty Trading Up 1.5%

Shares of NYSE:ADC opened at $66.59 on Friday. Agree Realty Corporation has a 52 week low of $64.43 and a 52 week high of $82.08. The company’s 50 day moving average is $70.37 and its two-hundred day moving average is $74.39. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a market cap of $8.28 billion, a PE ratio of 35.80, a P/E/G ratio of 2.20 and a beta of 0.42.

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

Agree Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.2710 dividend. This represents a $3.25 annualized dividend and a yield of 4.9%. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date of this dividend is Friday, October 30th. Agree Realty’s dividend payout ratio is currently 174.73%.

Agree Realty Company Profile

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.