Agree Realty Corporation $ADC Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its position in Agree Realty Corporation (NYSE:ADC) by 12.4% during the fourth quarter, Holdings Channel reports. The fund owned 69,957 shares of the real estate investment trust’s stock after selling 9,918 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Agree Realty were worth $5,039,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Evergreen Capital Management LLC increased its holdings in shares of Agree Realty by 2.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock worth $430,000 after acquiring an additional 154 shares during the period. AE Wealth Management LLC increased its holdings in shares of Agree Realty by 3.5% in the 3rd quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 156 shares during the period. IFP Advisors Inc increased its holdings in shares of Agree Realty by 18.2% in the 3rd quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 171 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Agree Realty by 5.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 174 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Agree Realty by 2.7% in the 4th quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Activity

In other Agree Realty news, CEO Joey Agree acquired 13,295 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $75.41 per share, for a total transaction of $1,002,575.95. Following the transaction, the chief executive officer owned 675,105 shares in the company, valued at approximately $50,909,668.05. This trade represents a 2.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greg Lehmkuhl acquired 750 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, with a total value of $56,317.50. Following the transaction, the director owned 34,465 shares in the company, valued at approximately $2,587,976.85. This represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 14,191 shares of company stock worth $1,069,944. 1.80% of the stock is owned by corporate insiders.

Agree Realty Stock Down 0.1%

Agree Realty stock opened at $75.42 on Tuesday. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.54 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $76.69 and its two-hundred day moving average price is $75.23. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08.

Agree Realty (NYSE:ADC) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. Agree Realty’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, analysts expect that Agree Realty Corporation will post 4.44 EPS for the current fiscal year.

Agree Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.267 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.07 annualized dividend and a yield of 1.4%. Agree Realty’s dividend payout ratio (DPR) is presently 172.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective 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. Mizuho dropped their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Stifel Nicolaus increased their price objective on shares of Agree Realty from $83.50 to $84.50 and gave the stock 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 report on Tuesday, April 21st. Finally, Robert W. Baird increased their price objective on shares of Agree Realty from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.79.

Agree Realty 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.