Agree Realty Corporation (ADC) To Go Ex-Dividend on October 30th

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 30th will be given a dividend of $0.2710 per share by the real estate investment trust on Friday, November 13th. This represents a $3.25 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a 1.5% increase from Agree Realty’s previous monthly dividend of $0.2670.

Agree Realty has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a dividend payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Price Performance

ADC stock opened at $65.42 on Thursday. The company has a market capitalization of $8.14 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 2.19 and a beta of 0.42. The business has a 50-day simple moving average of $70.56 and a two-hundred day simple moving average of $74.44. Agree Realty has a 52-week low of $64.43 and a 52-week 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 issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Agree Realty had a return on equity of 3.90% and a net margin of 28.84%. The business had revenue of $216.33 million for the quarter, compared to the consensus estimate of $204.53 million. During the same quarter last year, the business posted $1.06 earnings per share. The business’s 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. Research analysts expect that Agree Realty will post 4.45 EPS for the current fiscal year.

Insider Activity at Agree Realty

In other news, Director John Rakolta, Jr. purchased 20,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of $68.78 per share, with a total value of $1,375,600.00. Following the transaction, the director directly owned 654,602 shares of the company’s stock, valued at approximately $45,023,525.56. This represents a 3.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Erlich bought 1,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were purchased at an average price of $67.55 per share, with a total value of $67,550.00. Following the completion of the acquisition, the insider owned 60,388 shares of the company’s stock, valued at $4,079,209.40. This trade represents a 1.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 48,496 shares of company stock worth $3,418,670 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Agree Realty

Several hedge funds and other institutional investors have recently modified their holdings of ADC. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Agree Realty by 18.0% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 479,925 shares of the real estate investment trust’s stock valued at $32,064,000 after acquiring an additional 73,317 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Agree Realty by 11.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,159 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 739 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in Agree Realty by 172.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 272 shares in the last quarter. Wealth Enhancement Trust Services Inc. bought a new position in Agree Realty in the 3rd quarter worth about $32,000. Finally, Central Pacific Bank Trust Division boosted its stake in Agree Realty by 21.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,334 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) that owns, develops, acquires and manages retail properties leased primarily under long-term, single-tenant net lease agreements. Under these arrangements, tenants generally assume responsibility for property-level expenses such as taxes, insurance and maintenance.

The company focuses on necessity-based retail properties, including locations occupied by grocery stores, home improvement retailers, discount retailers, pharmacies and other service-oriented businesses.