209,954 Shares in Agree Realty Corporation $ADC Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in shares of Agree Realty Corporation (NYSE:ADC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 209,954 shares of the real estate investment trust’s stock, valued at approximately $15,902,000. William Blair Investment Management LLC owned about 0.17% of Agree Realty as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC boosted its stake 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 worth $27,000 after acquiring an additional 242 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Agree Realty in the third quarter valued at about $32,000. Clearstead Advisors LLC raised its position in shares of 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 period. Creative Financial Designs Inc. ADV lifted its stake in shares of Agree Realty by 71.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 192 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Agree Realty by 214.4% during the 4th 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 own 97.83% of the company’s stock.

Agree Realty Price Performance

NYSE:ADC opened at $73.95 on Friday. 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 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day simple moving average is $76.78 and its 200 day simple moving average is $76.76. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 2.42 and a beta of 0.47.

Agree Realty (NYSE:ADC) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The business had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. During the same quarter in the previous year, the company earned $1.06 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, sell-side analysts predict 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. Investors of record on Monday, August 31st will be given a dividend of $0.267 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.3%. Agree Realty’s dividend payout ratio is currently 172.04%.

Insider Buying and Selling

In related news, Chairman Richard Agree acquired 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $71.41 per share, with a total value of $357,050.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADC. Robert W. Baird set a $83.00 price target on shares of Agree Realty in a research note on Friday, July 31st. Weiss Ratings cut Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Barclays upped their target price on Agree Realty from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Huntington assumed coverage on Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target for the company. Finally, Mizuho reduced their price target on Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.