Agree Realty Corporation $ADC Stock Holdings Lifted by Harbour Investments Inc.

Harbour Investments Inc. grew its holdings in Agree Realty Corporation (NYSE:ADC) by 13,885.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,370 shares of the real estate investment trust’s stock after acquiring an additional 9,303 shares during the period. Harbour Investments Inc.’s holdings in Agree Realty were worth $675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Clearstead Trust LLC boosted its holdings in Agree Realty by 192.1% in the fourth 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. Westside Investment Management Inc. increased its holdings in shares of Agree Realty by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 430 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Agree Realty in the 3rd quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV lifted 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 during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Agree Realty by 163.8% in 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 during the last quarter. Institutional investors own 97.83% of the company’s stock.

Insider Transactions at Agree Realty

In other Agree Realty news, Director Greg Lehmkuhl acquired 750 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the completion of the purchase, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joey Agree acquired 13,295 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $75.41 per share, for a total transaction of $1,002,575.95. Following the completion of 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 position. The disclosure for this purchase is available in the SEC filing. Insiders bought 14,191 shares of company stock worth $1,069,944 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on ADC shares. Robert W. Baird increased their price target on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Truist Financial boosted their price objective on shares of Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Stifel Nicolaus upped their price objective on shares of Agree Realty from $83.50 to $84.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.79.

Agree Realty Trading Down 0.5%

Agree Realty stock opened at $74.21 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day simple moving average is $76.31 and its 200-day simple moving average is $75.27. The firm has a market capitalization of $8.91 billion, a PE ratio of 40.11, a PEG ratio of 2.49 and a beta of 0.50. Agree Realty Corporation has a 52 week low of $69.56 and a 52 week high of $82.08.

Agree Realty (NYSE:ADC) last posted 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. The business had revenue of $211.49 million for the quarter, compared to analyst estimates 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 for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities research analysts forecast that Agree Realty Corporation will post 4.44 earnings per share for the current year.

Agree Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.267 dividend. 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 payout ratio is presently 172.97%.

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.