Pacer Advisors Inc. Trims Position in Agree Realty Corporation $ADC

Posted by Brenda Bartman on May 15th, 2026

Pacer Advisors Inc. trimmed its holdings in Agree Realty Corporation (NYSE:ADC – Free Report) by 36.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,479 shares of the real estate investment trust’s stock after selling 7,745 shares during the quarter. Pacer Advisors Inc.’s holdings in Agree Realty were worth $971,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Agree Realty by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,731,141 shares of the real estate investment trust’s stock worth $1,133,114,000 after purchasing an additional 84,568 shares in the last quarter. State Street Corp raised its holdings in Agree Realty by 0.5% during the third quarter. State Street Corp now owns 5,792,525 shares of the real estate investment trust’s stock worth $412,954,000 after purchasing an additional 27,546 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Agree Realty by 80.8% during the fourth quarter. Principal Financial Group Inc. now owns 4,293,556 shares of the real estate investment trust’s stock worth $309,266,000 after purchasing an additional 1,918,427 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Agree Realty by 1.8% during the third quarter. Centersquare Investment Management LLC now owns 2,896,229 shares of the real estate investment trust’s stock worth $205,748,000 after purchasing an additional 51,269 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Agree Realty by 0.7% during the third quarter. Daiwa Securities Group Inc. now owns 2,362,396 shares of the real estate investment trust’s stock worth $167,825,000 after purchasing an additional 15,389 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

Agree Realty Trading Up 0.1%

Shares of ADC opened at $75.21 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $77.44 and a 200-day simple moving average of $75.13. Agree Realty Corporation has a 1-year low of $69.56 and a 1-year high of $82.08. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.50.

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

Agree Realty Dividend Announcement

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 dividend of $0.267 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Mizuho cut their price target on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings raised shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. Barclays upped their target price on shares of Agree Realty from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $81.00 target price on shares of Agree Realty in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus upped 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, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Agree Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Get Our Latest Stock Analysis on ADC

Agree Realty Company Profile

(Free Report)

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.