Capital Square LLC Purchases Shares of 8,691 Agree Realty Corporation $ADC

Capital Square LLC acquired a new position in shares of Agree Realty Corporation (NYSE:ADC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,691 shares of the real estate investment trust’s stock, valued at approximately $678,000.

Several other hedge funds also recently modified their holdings of the company. Jane Street Group LLC grew its position in Agree Realty by 268.9% during the 1st quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock worth $2,112,000 after acquiring an additional 19,948 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Agree Realty by 158.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 356 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Agree Realty in the 2nd quarter valued at $1,875,000. EverSource Wealth Advisors LLC boosted its stake in Agree Realty by 245.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 965 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Agree Realty by 46.8% in the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock worth $5,421,000 after purchasing an additional 23,662 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Activity at Agree Realty

In other news, Chairman Richard Agree purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman directly owned 90,512 shares of the company’s stock, valued at approximately $6,463,461.92. The trade was a 5.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Agree Realty Stock Up 0.1%

NYSE:ADC opened at $73.95 on Monday. Agree Realty Corporation has a 12-month low of $69.56 and a 12-month high of $82.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $9.20 billion, a P/E ratio of 39.76, a P/E/G ratio of 2.42 and a beta of 0.47. The stock’s fifty day simple moving average is $76.78 and its 200-day simple moving average is $76.80.

Agree Realty (NYSE:ADC) last released 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). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the prior year, the company posted $1.06 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities research analysts expect that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings lowered Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group initiated coverage on shares of Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 price target on the stock. Robert W. Baird set a $83.00 price objective on shares of Agree Realty in a report on Friday, July 31st. Wall Street Zen cut shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Barclays boosted their target price on shares of Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. One investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.94.

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.