32,979 Shares in Agree Realty Corporation $ADC Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Agree Realty Corporation (NYSE:ADC) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,979 shares of the real estate investment trust’s stock, valued at approximately $2,486,000.

Several other institutional investors have also added to or reduced their stakes in ADC. Clearstead Trust LLC lifted its stake in Agree Realty by 192.1% during the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 242 shares during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Agree Realty in the 3rd quarter valued at $32,000. Creative Financial Designs Inc. ADV increased its stake in shares of Agree Realty by 71.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 192 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of Agree Realty by 163.8% in the 4th quarter. Clearstead Advisors LLC now owns 459 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Agree Realty by 178.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 350 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Agree Realty Stock Up 1.3%

Shares of NYSE:ADC opened at $77.00 on Friday. Agree Realty Corporation has a 52-week low of $69.56 and a 52-week high of $82.08. The company has a market capitalization of $9.25 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 2.59 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $75.43 and a 200-day moving average of $75.26.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.Agree Realty’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, equities analysts predict that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on ADC shares. Weiss Ratings upgraded Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. 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 target price on the stock. Wall Street Zen downgraded Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Morgan Stanley set a $81.00 target price on shares of Agree Realty in a report on Tuesday, April 21st. Finally, Citigroup raised their price target on shares of Agree Realty from $77.00 to $82.50 and gave the company a “neutral” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.80.

Insider Activity

In other Agree Realty news, CEO Joey Agree purchased 13,295 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the transaction, the chief executive officer owned 675,105 shares in the company, valued at $50,909,668.05. The trade was a 2.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $75.09 per share, with a total value of $56,317.50. Following the purchase, the director directly owned 34,465 shares of the company’s stock, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 19,191 shares of company stock valued at $1,426,994 over the last quarter. 1.80% of the stock is owned by company insiders.

About Agree Realty

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.