Quantinno Capital Management LP boosted its holdings in shares of Agree Realty Corporation (NYSE:ADC – Free Report) by 92.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,322 shares of the real estate investment trust’s stock after buying an additional 57,829 shares during the quarter. Quantinno Capital Management LP’s holdings in Agree Realty were worth $9,070,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of Agree Realty by 268.9% in the 1st quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock valued at $2,112,000 after acquiring an additional 19,948 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Agree Realty by 158.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 356 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Agree Realty during the second quarter worth $1,875,000. EverSource Wealth Advisors LLC raised its holdings in shares of Agree Realty by 245.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 965 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Agree Realty by 46.8% during the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock valued at $5,421,000 after purchasing an additional 23,662 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Agree Realty news, Chairman Richard Agree bought 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost 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 approximately $6,463,461.92. The trade was 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 this hyperlink. Also, CEO Joey Agree purchased 13,295 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $75.41 per share, with a total value 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 have acquired 19,045 shares of company stock worth $1,415,943 in the last ninety days. Company insiders own 1.80% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on ADC
Agree Realty Stock Performance
ADC opened at $76.28 on Wednesday. The firm has a fifty day moving average price of $76.57 and a 200 day moving average price of $76.58. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08. The stock has a market cap of $9.49 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.82 and a quick ratio of 0.82.
Agree Realty (NYSE:ADC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The firm had revenue of $216.33 million for the quarter, compared to analyst estimates of $204.53 million. During the same quarter in the prior year, the business posted $1.06 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Equities research analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current year.
Agree Realty Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.267 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Agree Realty’s dividend payout ratio (DPR) is 172.04%.
Agree Realty 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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