Agree Realty Corporation (ADC) to Distribute Quarterly Dividend of $0.27 on July 15th

Agree Realty Corporation (NYSE:ADC – Get Free Report) announced a quarterly dividend on Monday, June 8th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.267 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, June 30th.

Agree Realty has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a dividend payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Agree Realty to earn $4.68 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.4%.

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Agree Realty Trading Up 1.3%

Shares of Agree Realty stock opened at $77.00 on Friday. Agree Realty has a 1-year low of $69.56 and a 1-year high of $82.08. The company’s fifty day simple moving average is $75.43 and its 200-day simple moving average is $75.26. 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 stock has a market capitalization of $9.25 billion, a PE ratio of 41.62, a P/E/G ratio of 2.59 and a beta of 0.48.

Agree Realty (NYSE:ADC – Get Free Report) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. During the same period last year, the firm earned $0.42 EPS. Agree Realty’s revenue for the quarter was up 18.7% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities analysts anticipate that Agree Realty will post 4.45 earnings per share for the current year.

Insider Activity at Agree Realty

In other news, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $75.09 per share, with a total value of $56,317.50. Following the completion of the purchase, the director owned 34,465 shares in the company, valued at approximately $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joey Agree acquired 13,295 shares of Agree Realty stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the purchase, the chief executive officer owned 675,105 shares in the company, valued at approximately $50,909,668.05. The trade was a 2.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 19,191 shares of company stock valued at $1,426,994. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Agree Realty

Several large investors have recently bought and sold shares of the business. Clearstead Trust LLC grew 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 worth $27,000 after buying an additional 242 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Agree Realty during the 3rd quarter valued at about $32,000. Creative Financial Designs Inc. ADV raised its position 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 valued at $33,000 after buying an additional 192 shares in the last quarter. Clearstead Advisors LLC increased its stake in Agree Realty by 163.8% during the fourth quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Agree Realty by 178.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Agree Realty Company Profile

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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.

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