Lmcg Investments LLC Has $11.20 Million Stock Position in Agree Realty Corporation $ADC

Lmcg Investments LLC grew its stake in shares of Agree Realty Corporation (NYSE:ADC) by 15.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 148,569 shares of the real estate investment trust’s stock after acquiring an additional 20,220 shares during the period. Lmcg Investments LLC’s holdings in Agree Realty were worth $11,199,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Clearstead Trust LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 242 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in Agree Realty during the 3rd quarter worth $32,000. Creative Financial Designs Inc. ADV increased its holdings in Agree Realty by 71.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. Clearstead Advisors LLC raised its position in Agree Realty by 163.8% in the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Agree Realty by 178.6% in the fourth 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 during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADC. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a report on Friday, April 17th. Jefferies Financial Group initiated coverage on shares of Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 price objective for the company. Citigroup lifted their target price on shares of Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Truist Financial boosted their target price on shares of Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Mizuho decreased their price target on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.80.

Insider Activity at Agree Realty

In other Agree Realty news, CEO Joey Agree acquired 13,295 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $75.41 per share, with a total value of $1,002,575.95. Following the purchase, the chief executive officer directly owned 675,105 shares of the company’s stock, valued at $50,909,668.05. This trade represents a 2.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard Agree bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman owned 90,512 shares in the company, valued at $6,463,461.92. This represents a 5.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 19,045 shares of company stock worth $1,415,943 over the last quarter. Company insiders own 1.80% of the company’s stock.

Agree Realty Trading Down 0.6%

Shares of ADC stock opened at $77.95 on Thursday. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year 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. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.63 and a beta of 0.47. The stock has a 50-day moving average of $75.32 and a 200-day moving average of $75.59.

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 the consensus estimate of $0.47 by $0.03. The business had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, equities research analysts forecast that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid 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 of this dividend is Tuesday, June 30th. Agree Realty’s dividend payout ratio (DPR) is currently 172.97%.

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.