BNP Paribas Financial Markets Has $10.91 Million Holdings in Agree Realty Corporation $ADC

BNP Paribas Financial Markets lifted its holdings in Agree Realty Corporation (NYSE:ADC) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 151,476 shares of the real estate investment trust’s stock after buying an additional 17,107 shares during the quarter. BNP Paribas Financial Markets’ holdings in Agree Realty were worth $10,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Trust LLC lifted its stake 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 valued at $27,000 after purchasing an additional 242 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Agree Realty in the 3rd quarter valued at $32,000. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 valued at $33,000 after purchasing an additional 192 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Agree Realty by 163.8% in the 4th 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 lifted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Transactions at Agree Realty

In other Agree Realty news, CEO Joey Agree bought 13,295 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $75.41 per share, with a total value of $1,002,575.95. Following the completion of the purchase, the chief executive officer directly owned 675,105 shares in the company, valued at $50,909,668.05. The trade was a 2.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Greg Lehmkuhl purchased 750 shares of Agree Realty stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the completion of the transaction, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 14,191 shares of company stock worth $1,069,944. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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. Weiss Ratings raised shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Robert W. Baird boosted their target price on shares of Agree Realty from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Mizuho cut their target price 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. Finally, Stifel Nicolaus boosted their target price on shares of Agree Realty from $83.50 to $84.50 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.80.

Agree Realty Stock Performance

NYSE:ADC opened at $73.44 on Monday. The firm’s 50-day moving average is $75.97 and its 200-day moving average is $75.24. Agree Realty Corporation has a 52-week low of $69.56 and a 52-week high of $82.08. 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 company has a market cap of $8.82 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.47 and a beta of 0.48.

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

Agree Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.267 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.07 dividend on an annualized basis and a yield of 1.5%. Agree Realty’s payout ratio is presently 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.