Ceredex Value Advisors LLC Makes New $10.40 Million Investment in Agree Realty Corporation $ADC

Ceredex Value Advisors LLC bought a new stake in shares of Agree Realty Corporation (NYSE:ADC) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 137,300 shares of the real estate investment trust’s stock, valued at approximately $10,399,000.

A number of other large investors also recently made changes to their positions in the stock. Clearstead Trust LLC boosted its position in shares of Agree Realty by 192.1% in 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 during the last quarter. Wiser Advisor Group LLC bought a new stake in Agree Realty in the third quarter valued at about $32,000. Clearstead Advisors LLC lifted its stake 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 buying an additional 285 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Agree Realty by 71.1% in 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 buying an additional 192 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings in Agree Realty by 214.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Stock Up 0.1%

Agree Realty stock opened at $74.45 on Friday. The company has a 50 day moving average of $76.82 and a 200-day moving average of $76.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The stock has a market capitalization of $9.26 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.47.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, equities research analysts anticipate that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio is 172.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their price target on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Mizuho decreased their price objective on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group started coverage on shares of Agree Realty in a report on Monday, June 1st. They issued a “buy” rating and a $84.00 target price on the stock. Finally, Citigroup lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.94.

Insider Activity

In other news, Chairman Richard Agree purchased 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $71.41 per share, with a total value of $357,050.00. Following the purchase, the chairman directly owned 90,512 shares of the company’s stock, valued at $6,463,461.92. This trade represents a 5.85% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

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.