Strs Ohio Has $18.63 Million Stock Position in Agree Realty Corporation $ADC

Posted by Brian Himes on Jul 5th, 2026

Strs Ohio raised its position in Agree Realty Corporation (NYSE:ADC – Free Report) by 5.3% in the first quarter, HoldingsChannel reports. The fund owned 247,109 shares of the real estate investment trust’s stock after purchasing an additional 12,496 shares during the quarter. Strs Ohio’s holdings in Agree Realty were worth $18,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Capital Management LLC lifted its holdings in shares of Agree Realty by 2.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 154 shares in the last quarter. IFP Advisors Inc raised its holdings in Agree Realty by 18.2% during the third quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 171 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Agree Realty by 0.9% during the first quarter. IFM Investors Pty Ltd now owns 18,601 shares of the real estate investment trust’s stock worth $1,402,000 after buying an additional 171 shares during the last quarter. Fifth Third Bancorp lifted 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 buying an additional 176 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Agree Realty by 71.1% in the fourth 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. Institutional investors own 97.83% of the company’s stock.

Insiders Place Their Bets

In other Agree Realty news, Director Greg Lehmkuhl bought 750 shares of Agree Realty stock in a transaction dated 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 acquisition, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joey Agree purchased 13,295 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $75.41 per share, with a total value of $1,002,575.95. Following the completion of the transaction, the chief executive officer directly owned 675,105 shares of the company’s stock, valued at $50,909,668.05. The trade was a 2.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 19,045 shares of company stock valued at $1,415,943 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADC. Raymond James Financial boosted their target price on shares of Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 17th. Jefferies Financial Group assumed coverage on shares of 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 lifted their price target on Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a research note on Friday, April 24th. Truist Financial boosted their price objective on Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Morgan Stanley set a $81.00 price objective on Agree Realty in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.80.

Check Out Our Latest Stock Analysis on Agree Realty

Agree Realty Price Performance

ADC opened at $77.75 on Friday. Agree Realty Corporation has a 1 year low of $69.56 and a 1 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 company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 2.61 and a beta of 0.47. The firm’s fifty day moving average price is $75.24 and its two-hundred day moving average price is $75.44.

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, 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 company had revenue of $211.49 million during the quarter, compared to the consensus estimate of $195.73 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’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. As a group, analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.267 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.07 annualized dividend and a yield of 1.4%. Agree Realty’s dividend payout ratio (DPR) is 172.97%.

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.