Swiss National Bank Purchases 9,100 Shares of Agree Realty Corporation $ADC

Posted by Brenda Bartman on Jul 25th, 2026

Swiss National Bank boosted its position in Agree Realty Corporation (NYSE:ADC – Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,382 shares of the real estate investment trust’s stock after buying an additional 9,100 shares during the quarter. Swiss National Bank’s holdings in Agree Realty were worth $17,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Agree Realty by 80.8% during the 4th quarter. Principal Financial Group Inc. now owns 4,293,556 shares of the real estate investment trust’s stock worth $309,266,000 after acquiring an additional 1,918,427 shares during the last quarter. Norges Bank bought a new stake in Agree Realty during the fourth quarter valued at about $116,114,000. Engineers Gate Manager LP grew its position in shares of Agree Realty by 3,043.2% in the fourth quarter. Engineers Gate Manager LP now owns 1,182,229 shares of the real estate investment trust’s stock valued at $85,156,000 after purchasing an additional 1,144,617 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Agree Realty by 41.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,843,441 shares of the real estate investment trust’s stock valued at $204,813,000 after purchasing an additional 826,719 shares during the last quarter. Finally, Cohen & Steers Inc. increased its stake in shares of Agree Realty by 4.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,094,952 shares of the real estate investment trust’s stock worth $1,015,324,000 after purchasing an additional 649,301 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen raised Agree Realty from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley set a $81.00 target price on Agree Realty in a report on Tuesday, April 21st. Jefferies Financial Group started coverage on Agree Realty in a research report on Monday, June 1st. They issued a “buy” rating and a $84.00 price target on the stock. Citigroup upped their price target on Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Robert W. Baird increased their price objective on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.88.

Get Our Latest Research Report on Agree Realty

Agree Realty Stock Up 1.3%

Shares of ADC stock opened at $80.81 on Friday. Agree Realty Corporation has a one year low of $69.56 and a one year 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 stock has a fifty day moving average price of $76.11 and a 200 day moving average price of $76.16. The stock has a market cap of $9.71 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47.

Agree Realty (NYSE:ADC – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. The firm had revenue of $211.49 million for the quarter, compared to analyst estimates of $195.73 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 31st. Agree Realty’s payout ratio is presently 172.97%.

Insider Buying and Selling

In related news, Chairman Richard Agree bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price 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 $6,463,461.92. This represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joey Agree purchased 13,295 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought 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 $50,909,668.05. This represents a 2.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 19,045 shares of company stock worth $1,415,943 in the last 90 days. 1.80% of the stock is owned by company insiders.

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.