Rep. Lisa C. McClain Sells Agree Realty Corporation (NYSE:ADC) Shares

Key Points

• Representative Lisa C. McClain sold shares of Agree Realty Corporation (NYSE:ADC) worth between $1,001 and $15,000 in June 2025.
• Agree Realty recently reported earnings of $1.06 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 15%.
• The company announced a $0.256 monthly dividend to be paid on September 15th, representing an annual yield of 4.2%.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Agree Realty Corporation NYSE: ADC. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Agree Realty stock on June 17th. 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 $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Agree Realty Stock Down 0.4%

Shares of NYSE ADC traded down $0.32 during mid-day trading on Tuesday, reaching $72.17. The company had a trading volume of 1,447,155 shares, compared to its average volume of 958,233. The stock has a fifty day moving average of $73.04 and a two-hundred day moving average of $74.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 2.42 and a beta of 0.55. Agree Realty Corporation has a 12-month low of $67.58 and a 12-month high of $79.65.

Agree Realty (NYSE:ADC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. Agree Realty had a return on equity of 3.47% and a net margin of 28.16%.The company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $173.95 million. During the same period last year, the business earned $1.04 EPS. The business's quarterly 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. As a group, equities research analysts expect that Agree Realty Corporation will post 4.27 EPS for the current year.

Agree Realty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.256 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 29th. Agree Realty's dividend payout ratio is 182.74%.

Hedge Funds Weigh In On Agree Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADC. Envestnet Asset Management Inc. grew its holdings in Agree Realty by 3.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 301,751 shares of the real estate investment trust's stock valued at $21,258,000 after purchasing an additional 10,446 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Agree Realty by 6.1% in the fourth quarter. Cerity Partners LLC now owns 38,586 shares of the real estate investment trust's stock valued at $2,853,000 after acquiring an additional 2,215 shares during the period. Bank of Montreal Can boosted its position in shares of Agree Realty by 43.0% in the fourth quarter. Bank of Montreal Can now owns 17,986 shares of the real estate investment trust's stock valued at $1,267,000 after acquiring an additional 5,407 shares during the period. Bank of Nova Scotia boosted its position in shares of Agree Realty by 39.5% in the fourth quarter. Bank of Nova Scotia now owns 13,365 shares of the real estate investment trust's stock valued at $942,000 after acquiring an additional 3,784 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Agree Realty in the fourth quarter valued at approximately $2,536,000. Institutional investors and hedge funds own 97.83% of the company's stock.

Insider Buying and Selling at Agree Realty

In other Agree Realty news, CEO Joey Agree acquired 2,100 shares of Agree Realty stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $72.08 per share, with a total value of $151,368.00. Following the completion of the transaction, the chief executive officer owned 635,160 shares of the company's stock, valued at $45,782,332.80. The trade was a 0.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 6,950 shares of company stock valued at $501,296 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Agree Realty from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. JMP Securities restated a "market perform" rating on shares of Agree Realty in a report on Monday, June 30th. BTIG Research downgraded Agree Realty from a "buy" rating to a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley downgraded 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. Finally, UBS Group increased their price objective on Agree Realty from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.50.

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.