Agree Realty (NYSE:ADC) Director Purchases 20,000 Shares of Stock

Agree Realty Corporation (NYSE:ADC) Director John Rakolta, Jr. purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of $68.78 per share, for a total transaction of $1,375,600.00. Following the transaction, the director owned 654,602 shares of the company’s stock, valued at $45,023,525.56. This trade represents a 3.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Agree Realty Price Performance

Shares of ADC opened at $68.57 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $75.56 and a 200 day simple moving average of $76.20. Agree Realty Corporation has a 52-week low of $67.93 and a 52-week high of $82.08. The firm has a market capitalization of $8.53 billion, a PE ratio of 36.87, a P/E/G ratio of 2.29 and a beta of 0.46.

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

Agree Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.267 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Agree Realty’s payout ratio is currently 172.04%.

Wall Street Analysts Forecast Growth

ADC has been the subject of several recent research reports. Jefferies Financial Group started coverage on Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 price objective for the company. Barclays boosted their target price on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $83.00 price objective on shares of Agree Realty in a report on Friday, July 31st. Huntington assumed coverage on shares of Agree Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Agree Realty presently has an average rating of “Moderate Buy” and an average target price of $83.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of Agree Realty by 5.0% during 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 purchasing an additional 145 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in 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 valued at $1,070,000 after buying an additional 154 shares during the period. IFM Investors Pty Ltd boosted its position in 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 valued at $1,402,000 after buying an additional 171 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Agree Realty by 71.1% during the fourth 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. Finally, Integrated Investment Consultants LLC grew its stake 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 valued at $435,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.