SG Americas Securities LLC Has $9.65 Million Position in Agree Realty Corporation $ADC

SG Americas Securities LLC grew its position in Agree Realty Corporation (NYSE:ADC) by 1,000.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,058 shares of the real estate investment trust’s stock after acquiring an additional 116,423 shares during the period. SG Americas Securities LLC’s holdings in Agree Realty were worth $9,653,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADC. E. Ohman J or Asset Management AB grew its holdings in Agree Realty by 1.3% during the first quarter. E. Ohman J or Asset Management AB now owns 28,246 shares of the real estate investment trust’s stock worth $2,129,000 after purchasing an additional 363 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in Agree Realty during the fourth quarter worth approximately $497,000. Hsbc Holdings PLC raised its stake in Agree Realty by 25.5% in the fourth quarter. Hsbc Holdings PLC now owns 295,693 shares of the real estate investment trust’s stock valued at $21,299,000 after buying an additional 60,159 shares during the period. Corient Private Wealth LLC raised its stake in Agree Realty by 25.0% in the fourth quarter. Corient Private Wealth LLC now owns 7,298 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 1,458 shares during the period. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Agree Realty in the fourth quarter valued at approximately $244,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Richard Agree bought 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $71.41 per share, with a total value of $357,050.00. Following the completion of the acquisition, the chairman owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This represents 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. Also, Director Greg Lehmkuhl bought 750 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $75.09 per share, with a total value of $56,317.50. Following the transaction, the director owned 34,465 shares of the company’s stock, valued at $2,587,976.85. This trade represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 19,191 shares of company stock worth $1,426,994 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Agree Realty Trading Up 1.3%

Shares of NYSE:ADC opened at $77.00 on Friday. Agree Realty Corporation has a 12-month low of $69.56 and a 12-month high of $82.08. The business has a 50 day moving average of $75.43 and a 200-day moving average of $75.26. 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 stock has a market cap of $9.25 billion, a PE ratio of 41.62, a P/E/G ratio of 2.59 and a beta of 0.48.

Agree Realty (NYSE:ADC) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $211.49 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities research analysts forecast that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.267 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 annualized dividend and a yield of 1.4%. Agree Realty’s dividend payout ratio (DPR) is presently 172.97%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reduced their target price on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Raymond James Financial raised their price target on Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. BMO Capital Markets cut shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective for the company. in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. Finally, Morgan Stanley set a $81.00 price objective on shares of Agree Realty in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.80.

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.