Agree Realty Corporation (NYSE:ADC – Get Free Report) Director Greg Lehmkuhl bought 750 shares of Agree Realty stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $75.09 per share, with a total value of $56,317.50. Following the acquisition, the director directly owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Agree Realty Stock Performance
Shares of Agree Realty stock opened at $75.52 on Thursday. Agree Realty Corporation has a 12 month low of $69.56 and a 12 month high of $82.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market cap of $9.07 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. The business has a fifty day simple moving average of $76.96 and a 200-day simple moving average of $75.17.
Agree Realty (NYSE:ADC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The firm had revenue of $211.49 million during the quarter, compared to the consensus estimate of $195.73 million. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, sell-side analysts anticipate that Agree Realty Corporation will post 4.44 EPS for the current fiscal year.
Agree Realty Dividend Announcement
Institutional Trading of Agree Realty
Several large investors have recently added to or reduced their stakes in ADC. Bank of America Corp DE raised its holdings in shares of Agree Realty by 65.4% during the 1st quarter. Bank of America Corp DE now owns 1,526,561 shares of the real estate investment trust’s stock valued at $115,072,000 after purchasing an additional 603,480 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Agree Realty in the first quarter worth $10,803,000. Amundi boosted its holdings in Agree Realty by 5.6% in the first quarter. Amundi now owns 63,574 shares of the real estate investment trust’s stock worth $4,792,000 after purchasing an additional 3,388 shares in the last quarter. Adelante Capital Management LLC increased its position in Agree Realty by 0.4% during the first quarter. Adelante Capital Management LLC now owns 440,181 shares of the real estate investment trust’s stock worth $33,181,000 after buying an additional 1,766 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Agree Realty by 29.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,281 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 292 shares during the last quarter. 97.83% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
ADC has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a research report on Friday, April 24th. Truist Financial lifted their target price on shares of Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Raymond James Financial boosted their price target on shares of Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. BMO Capital Markets downgraded shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research note on Friday, April 17th. Finally, Royal Bank Of Canada increased their price objective on Agree Realty from $81.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.79.
Read Our Latest Stock Report on Agree Realty
Agree Realty Company Profile
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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