Strs Ohio Raises Stock Holdings in Agree Realty Corporation $ADC

Key Points

• STRS Ohio increased its stake in Agree Realty by 20.6% in Q4 to 234,613 shares (≈$16.9M), and institutional investors now own about 97.8% of the company.
• Agree Realty beat Q1 estimates (EPS $0.50 vs. $0.47; revenue $211.5M, up 18.7% YoY), set FY2026 guidance of 4.540–4.580 EPS, and raised its monthly dividend to $0.267 (≈4.2% yield) despite a high payout ratio (172.97%).
• Analysts view the stock as a “Moderate Buy” with a consensus target of $84.36 after multiple price-target upgrades; ADC trades near $76.45 with a market cap of $9.18B and a P/E of 41.3.

Strs Ohio lifted its holdings in shares of Agree Realty Corporation (NYSE:ADC - Free Report) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,613 shares of the real estate investment trust's stock after acquiring an additional 40,121 shares during the quarter. Strs Ohio owned 0.20% of Agree Realty worth $16,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in Agree Realty by 100.0% during the third quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 215 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Agree Realty in the third quarter worth $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of Agree Realty by 1,513.3% in the third quarter. Cornerstone Planning Group LLC now owns 484 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 454 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Agree Realty by 178.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 350 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Agree Realty by 158.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 356 shares during the period. 97.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADC. Truist Financial lifted their price objective on Agree Realty from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, March 23rd. Stifel Nicolaus raised their price target on Agree Realty from $83.50 to $84.50 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Citigroup raised their price target on Agree Realty from $77.00 to $82.50 and gave the company a "neutral" rating in a research report on Friday, April 24th. Weiss Ratings upgraded Agree Realty from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 6th. Finally, UBS Group raised their price target on Agree Realty from $82.00 to $91.00 and gave the company a "buy" rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.36.

Agree Realty Trading Up 0.1%

NYSE ADC opened at $76.45 on Monday. The stock's 50-day simple moving average is $78.06 and its two-hundred day simple moving average is $75.06. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. 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 company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.61 and a beta of 0.50.

Agree Realty (NYSE:ADC - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The business had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. During the same quarter last year, the business posted $0.42 earnings per share. The company's revenue for the quarter was up 18.7% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Research analysts forecast that Agree Realty Corporation will post 4.43 EPS for the current fiscal year.

Agree Realty Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a $0.267 dividend. This is an increase from Agree Realty's previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, April 30th. Agree Realty's dividend payout ratio (DPR) is presently 172.97%.

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.

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