Public Employees Retirement System of Ohio Sells 22,884 Shares of Agree Realty Corporation $ADC

Posted by Francis Steltz on Jul 26th, 2026

Public Employees Retirement System of Ohio cut its holdings in Agree Realty Corporation (NYSE:ADC – Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 242,250 shares of the real estate investment trust’s stock after selling 22,884 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Agree Realty were worth $18,261,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Clearstead Trust LLC lifted its stake in Agree Realty by 192.1% in the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 242 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Agree Realty during the third quarter worth $32,000. Creative Financial Designs Inc. ADV increased its position in shares of Agree Realty by 71.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 192 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of 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 period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of 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 period. 97.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ADC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Agree Realty in a research report on Thursday, July 2nd. Robert W. Baird lifted their price target on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup boosted their price target on Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a report on Friday, April 24th. Morgan Stanley set a $81.00 price objective on Agree Realty in a report on Tuesday, April 21st. Finally, Huntington started coverage on Agree Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.88.

View Our Latest Research Report on Agree Realty

Agree Realty Stock Up 1.3%

Shares of ADC stock opened at $80.81 on Friday. The firm’s fifty day moving average price is $76.11 and its two-hundred day moving average price is $76.16. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08. The firm has a market capitalization of $9.71 billion, a P/E ratio of 43.68, a PEG ratio of 2.68 and a beta of 0.47.

Agree Realty Dividend Announcement

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

Insider Activity at Agree Realty

In related news, Director Greg Lehmkuhl purchased 750 shares of Agree Realty stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $75.09 per share, with a total value of $56,317.50. Following the completion of the transaction, the director owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joey Agree purchased 13,295 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $75.41 per share, with a total value of $1,002,575.95. Following the completion of the purchase, the chief executive officer owned 675,105 shares of the company’s stock, valued at approximately $50,909,668.05. This represents a 2.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 19,045 shares of company stock valued at $1,415,943. 1.80% of the stock is owned by insiders.

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.