Agree Realty (NYSE:ADC) CEO Joey Agree Buys 7,360 Shares

Agree Realty Corporation (NYSE:ADC) CEO Joey Agree bought 7,360 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the purchase, the chief executive officer directly owned 682,465 shares of the company’s stock, valued at $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Agree Realty Stock Performance

Shares of Agree Realty stock opened at $68.16 on Friday. The company has a market capitalization of $8.48 billion, a PE ratio of 36.65, a P/E/G ratio of 2.24 and a beta of 0.46. The company has a 50-day simple moving average of $75.37 and a two-hundred day simple moving average of $76.12. Agree Realty Corporation has a one year low of $67.93 and a one year high of $82.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82.

Agree Realty (NYSE:ADC) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the prior year, the business posted $1.06 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. Research analysts expect that Agree Realty Corporation will post 4.45 EPS for the current fiscal year.

Agree Realty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.267 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Agree Realty’s dividend payout ratio (DPR) is 172.04%.

More Agree Realty News

Here are the key news stories impacting Agree Realty this week:

• Positive Sentiment: CEO Joey Agree purchased 7,360 shares for approximately $501,000, while Director John Rakolta Jr. bought 20,000 shares worth about $1.38 million. The roughly $1.9 million in combined insider purchases may signal that company leadership views ADC’s recent weakness as an attractive entry point. Agree Realty trades higher after reporting approximately $2 million in insider buy transactions
• Neutral Sentiment: Agree Realty announced pricing of $400 million in 5.650% senior unsecured notes due 2036. The offering strengthens liquidity and provides capital for corporate purposes, but the 5.849% effective yield will increase interest expense and highlights the higher-cost financing environment for real estate investment trusts. Agree Realty announces pricing of $400 million of senior unsecured notes
• Negative Sentiment: Mizuho lowered its price target for Agree Realty from $80 to $72 and maintained a “neutral” rating. Although the revised target implies potential upside from recent levels, the reduction signals more limited expectations for the stock and may reinforce selling pressure.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC lifted its stake in shares of 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 buying an additional 242 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Agree Realty by 163.8% in the fourth 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 period. Creative Financial Designs Inc. ADV raised 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 worth $33,000 after purchasing an additional 192 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new position in shares of Agree Realty in the second quarter worth about $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Agree Realty during the second quarter worth about $45,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ADC shares. Robert W. Baird set a $83.00 price target on Agree Realty in a research report on Friday, July 31st. Barclays raised their price objective on Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Huntington started coverage on Agree Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $84.00 target price on the stock. Jefferies Financial Group assumed coverage on Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 target price on the stock. Finally, Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Agree Realty currently has an average rating of “Moderate Buy” and a consensus price target of $83.44.

Agree Realty Company Profile

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.