Agree Realty Corporation $ADC Shares Purchased by FJ Capital Management LLC

FJ Capital Management LLC increased its position in shares of Agree Realty Corporation (NYSE:ADC) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,873 shares of the real estate investment trust’s stock after acquiring an additional 8,166 shares during the period. FJ Capital Management LLC’s holdings in Agree Realty were worth $2,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADC. Clearstead Trust LLC lifted 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 worth $27,000 after acquiring an additional 242 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Agree Realty in the 3rd quarter valued at about $32,000. Creative Financial Designs Inc. ADV boosted 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 buying an additional 192 shares during the period. Clearstead Advisors LLC boosted 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 buying an additional 285 shares during the period. Finally, Capital Advisors Ltd. LLC boosted 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 buying an additional 350 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

Agree Realty Trading Up 1.3%

Shares of ADC stock opened at $75.74 on Friday. The business’s 50 day moving average is $75.96 and its two-hundred day moving average is $75.27. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08. The company has a market capitalization of $9.10 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Agree Realty (NYSE:ADC) last announced its earnings results 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. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. During the same period last year, the business posted $0.42 EPS. The company’s 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. Equities analysts forecast that Agree Realty Corporation will post 4.45 EPS for the current year.

Agree Realty Announces Dividend

The business 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 $0.267 dividend. 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 dividend payout ratio (DPR) is 172.97%.

Insider Buying and Selling at Agree Realty

In related news, CEO Joey Agree bought 13,295 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the purchase, the chief executive officer owned 675,105 shares of the company’s stock, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greg Lehmkuhl bought 750 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the completion of the purchase, the director directly owned 34,465 shares in the company, valued at approximately $2,587,976.85. The trade was a 2.22% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 19,191 shares of company stock worth $1,426,994. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ADC has been the subject of several recent research reports. Robert W. Baird lifted their price objective on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group started 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. UBS Group raised their target price on Agree Realty from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Mizuho cut their target price on Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Barclays cut their target price on Agree Realty from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.80.

Agree Realty 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.