Agree Realty Corporation $ADC Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Agree Realty Corporation (NYSE:ADC) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 719,613 shares of the real estate investment trust’s stock after buying an additional 11,902 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Agree Realty were worth $54,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADC. Jane Street Group LLC grew 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 worth $2,112,000 after acquiring an additional 19,948 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Agree Realty by 158.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 580 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 356 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Agree Realty during the second quarter worth about $1,875,000. EverSource Wealth Advisors LLC grew its stake in Agree Realty by 245.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 965 shares during the period. Finally, First Trust Advisors LP increased its stake in Agree Realty by 46.8% in 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 last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Agree Realty Price Performance

Shares of NYSE ADC opened at $72.61 on Thursday. 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 Corporation has a 1-year low of $69.56 and a 1-year high of $82.08. The business’s fifty day moving average price is $76.66 and its two-hundred day moving average price is $76.69. The firm has a market capitalization of $9.03 billion, a PE ratio of 39.04, a P/E/G ratio of 2.37 and a beta of 0.46.

Agree Realty (NYSE:ADC) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, research analysts expect that Agree Realty Corporation will post 4.45 EPS for the current year.

Agree Realty Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.267 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, August 31st. Agree Realty’s dividend payout ratio (DPR) is 172.04%.

Insider Buying and Selling

In related news, Director John Rakolta, Jr. purchased 20,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $73.23 per share, for a total transaction of $1,464,600.00. Following the transaction, the director owned 622,061 shares of the company’s stock, valued at $45,553,527.03. This represents a 3.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Agree Realty from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Huntington started coverage on Agree Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $84.00 target price on the stock. Weiss Ratings raised shares of Agree Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Jefferies Financial Group initiated coverage on Agree Realty in a report on Monday, June 1st. They set a “buy” rating and a $84.00 price objective on the stock. Finally, Robert W. Baird set a $83.00 target price on shares of Agree Realty in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.94.

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.