Squarepoint Ops LLC Boosts Holdings in Agree Realty Corporation $ADC

Squarepoint Ops LLC raised its position in Agree Realty Corporation (NYSE:ADC - Free Report) by 103.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 86,373 shares of the real estate investment trust's stock after buying an additional 43,912 shares during the quarter. Squarepoint Ops LLC owned about 0.07% of Agree Realty worth $6,542,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of 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 worth $231,000 after acquiring an additional 145 shares during the period. Azzad Asset Management Inc. ADV raised its holdings 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 worth $1,070,000 after purchasing an additional 154 shares in the last quarter. IFM Investors Pty Ltd raised its holdings 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 worth $1,402,000 after purchasing an additional 171 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Agree Realty by 71.1% in 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 purchasing an additional 192 shares during the period. Finally, Integrated Investment Consultants LLC lifted its position in Agree Realty by 3.4% in 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 purchasing an additional 192 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

Agree Realty Stock Performance

ADC opened at $71.50 on Friday. The stock has a market cap of $8.89 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.37 and a beta of 0.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82. The stock's 50 day simple moving average is $76.18 and its 200 day simple moving average is $76.46. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year high of $82.08.

Agree Realty (NYSE:ADC - Get Free Report) last issued 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 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 revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, equities analysts anticipate that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.267 dividend. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. Agree Realty's dividend payout ratio (DPR) is currently 172.04%.

Insider Activity

In other news, Director John Rakolta, Jr. purchased 20,000 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $73.23 per share, with a total value 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 represents a 3.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays boosted their target price on Agree Realty from $84.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $83.00 price target on Agree Realty in a report on Friday, July 31st. Huntington initiated coverage on Agree Realty in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $84.00 price target on the stock. Wall Street Zen lowered Agree Realty from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group assumed coverage on Agree Realty in a research report on Monday, June 1st. They issued a "buy" rating and a $84.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.94.

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.

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