Agree Realty (NYSE:ADC) Director Greg Lehmkuhl Purchases 750 Shares

Agree Realty Corporation (NYSE:ADC) 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Agree Realty Stock Performance

NYSE ADC opened at $75.75 on Tuesday. The stock has a market cap of $9.10 billion, a PE ratio of 40.95, a P/E/G 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. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The stock has a fifty day simple moving average of $77.18 and a 200-day simple moving average of $75.14.

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

Agree Realty Dividend Announcement

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

Institutional Investors Weigh In On Agree Realty

Hedge funds have recently bought and sold shares of the stock. Centersquare Investment Management LLC raised its position in Agree Realty by 1.8% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,896,229 shares of the real estate investment trust’s stock valued at $205,748,000 after purchasing an additional 51,269 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Agree Realty by 65.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,016,722 shares of the real estate investment trust’s stock worth $143,268,000 after acquiring an additional 799,185 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Agree Realty by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 342,915 shares of the real estate investment trust’s stock worth $24,361,000 after acquiring an additional 25,236 shares in the last quarter. Strs Ohio raised its position in shares of Agree Realty by 79.2% during the 3rd quarter. Strs Ohio now owns 194,492 shares of the real estate investment trust’s stock worth $13,817,000 after acquiring an additional 85,935 shares in the last quarter. Finally, AGP Franklin LLC acquired a new stake in shares of Agree Realty during the 3rd quarter worth about $1,398,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADC shares. Royal Bank Of Canada raised their target price on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Citigroup raised their target price on Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a report on Friday, April 24th. Morgan Stanley set a $81.00 target price on Agree Realty in a report on Tuesday, April 21st. Robert W. Baird raised their target price on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus raised their target price on Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.93.

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.