Vanguard Group Inc. Increases Stock Position in Agree Realty Corporation $ADC

Key Points

• Vanguard increased its Q4 stake in Agree Realty by 0.5% to 15,731,141 shares, now owning 13.69% of the company worth about $1.13 billion.
• Agree Realty beat quarterly estimates with $0.50 EPS (vs. $0.47) and $211.49M in revenue (up 18.7% YoY), and issued FY2026 guidance of 4.540–4.580 EPS versus analyst expectations around 4.43.
• The company raised its monthly dividend to $0.267 (ex-dividend April 30), implying a ~4.2% yield, though the dividend payout ratio remains high at 172.97%.

Vanguard Group Inc. increased its holdings in Agree Realty Corporation (NYSE:ADC - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,731,141 shares of the real estate investment trust's stock after buying an additional 84,568 shares during the period. Vanguard Group Inc. owned 13.69% of Agree Realty worth $1,133,114,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Westside Investment Management Inc. boosted its holdings in shares of Agree Realty by 100.0% in the third quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 215 shares during the period. Wiser Advisor Group LLC bought a new stake in shares of Agree Realty during the 3rd quarter valued at $32,000. Cornerstone Planning Group LLC lifted its holdings in Agree Realty by 1,513.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 484 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 454 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Agree Realty by 178.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Agree Realty by 158.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 356 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Agree Realty Price Performance

Shares of NYSE ADC opened at $76.45 on Friday. The stock's 50-day simple moving average is $78.06 and its two-hundred day simple moving average is $75.03. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The firm has a market capitalization of $9.18 billion, a P/E ratio of 41.32, a P/E/G ratio of 2.64 and a beta of 0.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

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

Agree Realty Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on ADC. Stifel Nicolaus lifted their target price on Agree Realty from $83.50 to $84.50 and gave the company a "buy" rating in a report on Wednesday, February 11th. Morgan Stanley set a $81.00 price objective on shares of Agree Realty in a research report on Tuesday, April 21st. UBS Group boosted their price objective on shares of Agree Realty from $82.00 to $91.00 and gave the company a "buy" rating in a research note on Monday, March 9th. Royal Bank Of Canada upped their target price on shares of Agree Realty from $81.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets cut shares of Agree Realty from an "outperform" rating to a "market perform" rating and set a $86.00 target price on the stock. in a research note on Friday, April 17th. One research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.36.

About Agree Realty

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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