Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Agree Realty Corporation $ADC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Agree Realty Corporation (NYSE:ADC) by 24.0% in the first quarter, Holdings Channel reports. The institutional investor owned 81,446 shares of the real estate investment trust’s stock after buying an additional 15,747 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Agree Realty were worth $6,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC boosted its stake in Agree Realty by 192.1% during the 4th quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 242 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Agree Realty during the 3rd quarter worth $32,000. Creative Financial Designs Inc. ADV increased its position 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 worth $33,000 after purchasing an additional 192 shares during the last quarter. Clearstead Advisors LLC increased its position 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 worth $33,000 after purchasing an additional 285 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Agree Realty by 178.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 546 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Insider Buying and Selling at Agree Realty

In other news, Chairman Richard Agree bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average price of $71.41 per share, for a total transaction of $357,050.00. Following the transaction, the chairman owned 90,512 shares in the company, valued at approximately $6,463,461.92. This trade represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the purchase, the director directly owned 34,465 shares of the company’s stock, valued at $2,587,976.85. This trade represents a 2.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 19,045 shares of company stock valued at $1,415,943 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Agree Realty Stock Performance

ADC stock opened at $78.05 on Wednesday. Agree Realty Corporation has a 1 year low of $69.56 and a 1 year high of $82.08. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.61 and a beta of 0.47. 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 stock’s fifty day moving average is $75.44 and its two-hundred day moving average is $75.75.

Agree Realty (NYSE:ADC) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 EPS for the quarter, topping 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 business had revenue of $211.49 million during the quarter, compared to analyst estimates of $195.73 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s quarterly revenue 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, research analysts predict that Agree Realty Corporation will post 4.45 EPS for the current year.

Agree Realty Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial increased their price target on shares of Agree Realty from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Agree Realty in a report on Thursday, July 2nd. Raymond James Financial boosted their price objective on Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. Barclays cut their price objective on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their target price on Agree Realty from $81.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Agree Realty has an average rating of “Moderate Buy” and a consensus price target of $83.80.

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.