New Age Alpha Advisors LLC Decreases Stock Position in Agree Realty Corporation $ADC

Posted by Brian Himes on May 26th, 2026

New Age Alpha Advisors LLC cut its position in Agree Realty Corporation (NYSE:ADC – Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,957 shares of the real estate investment trust’s stock after selling 9,918 shares during the quarter. New Age Alpha Advisors LLC owned 0.06% of Agree Realty worth $5,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC boosted its stake in shares of Agree Realty by 2.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 154 shares during the period. AE Wealth Management LLC boosted its stake in shares of Agree Realty by 3.5% in the third quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 156 shares during the period. IFP Advisors Inc boosted its stake in shares of Agree Realty by 18.2% in the third quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 171 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of Agree Realty by 5.8% in the third quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 174 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Agree Realty by 2.7% in the fourth quarter. Fifth Third Bancorp now owns 6,778 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 176 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADC. Weiss Ratings upgraded shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. Barclays reduced their price objective on shares of Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Morgan Stanley set a $81.00 price objective on shares of Agree Realty in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus increased their price objective on shares of Agree Realty from $83.50 to $84.50 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.79.

Get Our Latest Analysis on Agree Realty

Insiders Place Their Bets

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

Agree Realty Trading Down 0.1%

NYSE ADC opened at $75.42 on Tuesday. Agree Realty Corporation has a 12 month low of $69.56 and a 12 month high of $82.08. 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 company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.54 and a beta of 0.50. The company’s fifty day moving average price is $76.69 and its two-hundred day moving average price is $75.23.

Agree Realty (NYSE:ADC – Get Free Report) last issued its earnings results 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. The company had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, research analysts predict that Agree Realty Corporation will post 4.44 earnings per share for the current fiscal year.

Agree Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued 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 is 172.97%.

Agree Realty 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.