Rep. Lisa C. McClain Buys Agree Realty Corporation (NYSE:ADC) Stock

Key Points

• Representative Lisa C. McClain purchased shares of Agree Realty Corporation (NYSE:ADC) valued between $1,001 and $15,000 on August 13th, as disclosed in a filing on September 12th.
• Agree Realty's recent quarterly earnings report showed $1.06 earnings per share, exceeding estimates, with revenue rising 15% from the previous year.
• The company declared a dividend of $0.256 per share, to be paid on October 14th, with a notable dividend yield of 430.0%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Agree Realty Corporation NYSE: ADC. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Agree Realty stock on August 13th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
• Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 8/13/2025.

Agree Realty Stock Performance

Shares of ADC traded down $0.28 during mid-day trading on Friday, hitting $71.25. The stock had a trading volume of 1,249,548 shares, compared to its average volume of 878,922. Agree Realty Corporation has a fifty-two week low of $67.58 and a fifty-two week high of $79.65. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.89 billion, a PE ratio of 42.41, a PEG ratio of 2.39 and a beta of 0.56. The company's fifty day simple moving average is $72.76 and its two-hundred day simple moving average is $74.24.

Agree Realty (NYSE:ADC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. Agree Realty had a net margin of 28.16% and a return on equity of 3.47%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $173.95 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. Agree Realty has set its FY 2025 guidance at 4.290-4.320 EPS. On average, equities analysts expect that Agree Realty Corporation will post 4.27 earnings per share for the current year.

Agree Realty Announces Dividend

The company also recently announced a sep 25 dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.256 per share. This represents a yield of 430.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Agree Realty's dividend payout ratio (DPR) is currently 182.74%.

Institutional Trading of Agree Realty

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Agree Realty by 2.7% during the second quarter. Vanguard Group Inc. now owns 15,316,681 shares of the real estate investment trust's stock worth $1,119,037,000 after acquiring an additional 403,048 shares during the period. State Street Corp raised its holdings in shares of Agree Realty by 7.1% in the 2nd quarter. State Street Corp now owns 5,764,979 shares of the real estate investment trust's stock worth $422,629,000 after purchasing an additional 381,438 shares in the last quarter. Geode Capital Management LLC lifted its stake in Agree Realty by 6.8% during the second quarter. Geode Capital Management LLC now owns 2,680,417 shares of the real estate investment trust's stock valued at $205,489,000 after purchasing an additional 170,827 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Agree Realty by 10.7% during the first quarter. Centersquare Investment Management LLC now owns 2,431,960 shares of the real estate investment trust's stock worth $187,723,000 after buying an additional 234,641 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Agree Realty by 17.8% in the first quarter. JPMorgan Chase & Co. now owns 2,338,219 shares of the real estate investment trust's stock worth $180,487,000 after buying an additional 353,884 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Insiders Place Their Bets

In related news, CEO Joey Agree purchased 2,100 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $72.08 per share, for a total transaction of $151,368.00. Following the transaction, the chief executive officer directly owned 635,160 shares of the company's stock, valued at $45,782,332.80. This trade represents a 0.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Greg Lehmkuhl acquired 750 shares of Agree Realty stock in a transaction on Friday, September 5th. The shares were purchased at an average cost of $72.84 per share, with a total value of $54,630.00. Following the completion of the purchase, the director directly owned 27,684 shares of the company's stock, valued at approximately $2,016,502.56. This represents a 2.78% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 7,700 shares of company stock valued at $555,926 in the last quarter. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADC. UBS Group raised their target price on shares of Agree Realty from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Truist Financial set a $84.00 price objective on Agree Realty in a research report on Friday, August 8th. Mizuho cut their target price on Agree Realty from $78.00 to $77.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. JMP Securities restated a "market perform" rating on shares of Agree Realty in a research report on Monday, June 30th. Finally, Morgan Stanley cut shares of Agree Realty from an "overweight" rating to an "equal weight" rating and set a $75.00 price objective on the stock. in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Agree Realty presently has an average rating of "Moderate Buy" and a consensus price target of $80.58.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Agree Realty Company Profile

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.