Entropy Technologies LP Invests $2.14 Million in Agree Realty Corporation $ADC

Entropy Technologies LP acquired a new stake in Agree Realty Corporation (NYSE:ADC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,663 shares of the real estate investment trust’s stock, valued at approximately $2,137,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC increased its stake in shares of Agree Realty by 192.1% during the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Agree Realty in the third quarter worth $32,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Agree Realty by 71.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. Clearstead Advisors LLC increased its position in Agree Realty by 163.8% during the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 285 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Agree Realty by 178.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADC shares. Barclays reduced 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 research note on Tuesday, May 19th. Morgan Stanley set a $81.00 price objective on Agree Realty in a research report on Tuesday, April 21st. Weiss Ratings upgraded Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Jefferies Financial Group assumed coverage on Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 price target for the company. Finally, BMO Capital Markets lowered shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price objective on the stock. in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Agree Realty currently has a consensus rating of “Moderate Buy” and an average target price of $83.80.

Insider Activity

In related news, Chairman Richard Agree purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of $71.41 per share, with a total value of $357,050.00. Following the completion of the transaction, the chairman owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This represents a 5.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $75.09 per share, with a total value of $56,317.50. Following the purchase, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 19,191 shares of company stock worth $1,426,994. 1.80% of the stock is currently owned by insiders.

Agree Realty Price Performance

Shares of ADC stock opened at $74.38 on Tuesday. The firm has a fifty day simple moving average of $75.91 and a 200-day simple moving average of $75.27. The company has a market capitalization of $8.93 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 2.55 and a beta of 0.48. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The firm had revenue of $211.49 million for the quarter, compared to analyst estimates of $195.73 million. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.267 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Agree Realty’s dividend payout ratio is presently 172.97%.

Agree Realty Company 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.