Caisse de depot et placement du Quebec acquired a new position in shares of Agree Realty Corporation (NYSE:ADC - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 124,472 shares of the real estate investment trust's stock, valued at approximately $9,428,000. Caisse de depot et placement du Quebec owned about 0.10% of Agree Realty as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Clearstead Trust LLC grew its position in 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 acquiring an additional 242 shares during the period. Wiser Advisor Group LLC purchased a new position in shares of Agree Realty in the 3rd quarter worth about $32,000. Clearstead Advisors LLC raised its holdings in shares of Agree Realty by 163.8% in the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 285 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 purchasing an additional 192 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of 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 worth $40,000 after purchasing an additional 373 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Agree Realty
In other news, Chairman Richard Agree bought 5,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
ADC has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Agree Realty from $84.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Wall Street Zen cut shares of Agree Realty from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Agree Realty from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Robert W. Baird set a $83.00 price objective on shares of Agree Realty in a research report on Friday, July 31st. Finally, Jefferies Financial Group began coverage on shares of Agree Realty in a research note on Monday, June 1st. They issued a "buy" rating and a $84.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.94.
Read Our Latest Stock Analysis on ADC
Agree Realty Trading Up 0.0%
ADC opened at $73.21 on Friday. The firm's 50 day moving average is $76.77 and its 200-day moving average is $76.77. The firm has a market capitalization of $9.11 billion, a P/E ratio of 39.36, a P/E/G ratio of 2.39 and a beta of 0.47. Agree Realty Corporation has a 52-week low of $69.56 and a 52-week high of $82.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60.
Agree Realty (NYSE:ADC - Get Free Report) last released its quarterly 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). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The business had revenue of $216.33 million during the quarter, compared to analyst estimates of $204.53 million. During the same quarter last year, the firm posted $1.06 EPS. The company's revenue was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Analysts expect that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.
Agree Realty Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.267 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 4.4%. Agree Realty's dividend payout ratio is presently 172.04%.
Agree Realty Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding ADC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agree Realty Corporation (NYSE:ADC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Agree Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agree Realty wasn't on the list.
While Agree Realty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
