Hsbc Holdings PLC Sells 73,599 Shares of Agree Realty Corporation $ADC

Key Points

• HSBC reduced its Agree Realty stake by 20.2%, selling 73,599 shares and retaining 291,466 shares worth approximately $22.1 million. Institutional investors collectively own 97.83% of the REIT.
• Agree Realty reported quarterly EPS of $0.44, missing the $0.48 consensus estimate, while revenue rose 16.8% year over year to $216.33 million. The company issued fiscal 2026 EPS guidance of $4.57–$4.59.
• The REIT declared a monthly dividend of $0.267 per share, representing an annualized yield of about 4.4%. Analysts maintain a “Moderate Buy” consensus with an average price target of $83.94, while director John Rakolta Jr. purchased 20,000 shares.

Hsbc Holdings PLC lessened its position in Agree Realty Corporation (NYSE:ADC - Free Report) by 20.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 291,466 shares of the real estate investment trust's stock after selling 73,599 shares during the period. Hsbc Holdings PLC owned approximately 0.23% of Agree Realty worth $22,129,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Agree Realty by 159.8% during the second quarter. Wellington Management Group LLP now owns 184,545 shares of the real estate investment trust's stock worth $13,977,000 after buying an additional 113,520 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in Agree Realty in the 2nd quarter valued at about $509,000. United Capital Financial Advisors LLC bought a new position in Agree Realty in the 2nd quarter valued at about $499,000. Jefferies Financial Group Inc. acquired a new position in Agree Realty during the 2nd quarter valued at about $39,665,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Agree Realty during the 2nd quarter valued at about $19,653,000. Institutional investors own 97.83% of the company's stock.

Agree Realty Price Performance

Agree Realty stock opened at $72.87 on Wednesday. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08. The company's 50 day moving average price is $76.37 and its two-hundred day moving average price is $76.54. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9.06 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.37 and a beta of 0.46.

Agree Realty (NYSE:ADC - Get Free Report) last released its earnings results 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 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 business's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, equities analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.267 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 4.4%. Agree Realty's payout ratio is currently 172.04%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings raised Agree Realty from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 25th. Huntington initiated coverage on Agree Realty in a report on Wednesday, July 15th. They set an "outperform" rating and a $84.00 price target for the company. Mizuho dropped their price objective on Agree Realty from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen cut Agree Realty from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, 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. One research 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. According to data from MarketBeat, Agree Realty has a consensus rating of "Moderate Buy" and an average price target of $83.94.

Insider Transactions at Agree Realty

In other Agree Realty news, Director John Rakolta, Jr. acquired 20,000 shares of Agree Realty stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $73.23 per share, for a total transaction of $1,464,600.00. Following the purchase, the director directly owned 622,061 shares of the company's stock, valued at $45,553,527.03. This trade represents a 3.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by company insiders.

Agree Realty 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.

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