21,454 Shares in Agree Realty Corporation $ADC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Agree Realty Corporation (NYSE:ADC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,454 shares of the real estate investment trust’s stock, valued at approximately $1,545,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC boosted its holdings in Agree Realty by 2.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 154 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Agree Realty by 3.5% in the third quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 156 shares during the last quarter. IFP Advisors Inc grew its holdings in Agree Realty by 18.2% in the third quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 171 shares during the period. HighPoint Advisor Group LLC grew its holdings in Agree Realty by 5.8% in the third quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 174 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Agree Realty by 2.7% in the fourth quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 176 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

Agree Realty Stock Down 0.8%

Shares of NYSE ADC opened at $74.92 on Thursday. The company has a 50 day simple moving average of $76.52 and a 200-day simple moving average of $75.27. The company has a market capitalization of $9.00 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.54 and a beta of 0.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08.

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

Agree Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.267 per share. The ex-dividend date is Friday, May 29th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.4%. Agree Realty’s dividend payout ratio is currently 172.97%.

Insiders Place Their Bets

In other Agree Realty news, CEO Joey Agree purchased 13,295 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the acquisition, the chief executive officer owned 675,105 shares in the company, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg Lehmkuhl purchased 750 shares of the 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 completion of the acquisition, the director owned 34,465 shares in the company, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 14,191 shares of company stock valued at $1,069,944. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Stifel Nicolaus raised their price objective on Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. Raymond James Financial increased their price objective on shares of Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. Barclays decreased their price objective on shares of Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Citigroup increased their price objective on shares of Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.79.

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.