Agree Realty Corporation $ADC Shares Bought by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC boosted its holdings in shares of Agree Realty Corporation (NYSE:ADC) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 674,524 shares of the real estate investment trust’s stock after buying an additional 39,119 shares during the quarter. Agree Realty makes up approximately 1.9% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 21st largest holding. Lasalle Investment Management Securities LLC’s holdings in Agree Realty were worth $48,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its position in Agree Realty by 7.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 171,500 shares of the real estate investment trust’s stock valued at $12,353,000 after buying an additional 11,170 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Agree Realty by 2.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,699 shares of the real estate investment trust’s stock valued at $4,732,000 after buying an additional 1,834 shares in the last quarter. BNP Paribas Financial Markets increased its position in Agree Realty by 12.7% during the 4th quarter. BNP Paribas Financial Markets now owns 151,476 shares of the real estate investment trust’s stock valued at $10,911,000 after buying an additional 17,107 shares in the last quarter. Norges Bank acquired a new position in Agree Realty during the 4th quarter valued at about $116,114,000. Finally, Pasadena Private Wealth LLC acquired a new position in Agree Realty during the 4th quarter valued at about $1,349,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Greg Lehmkuhl purchased 750 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $75.09 per share, for a total transaction of $56,317.50. Following the purchase, the director owned 34,465 shares in the company, valued at $2,587,976.85. This trade represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joey Agree purchased 13,295 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price 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 in the company, valued at approximately $50,909,668.05. The trade was a 2.01% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 14,191 shares of company stock worth $1,069,944. Company insiders own 1.80% of the company’s stock.

Agree Realty Stock Up 0.1%

Agree Realty stock opened at $74.21 on Monday. 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 business’s 50-day simple moving average is $76.31 and its two-hundred day simple moving average is $75.28. The company has a market cap of $8.91 billion, a PE ratio of 40.11, a PEG ratio of 2.49 and a beta of 0.48. Agree Realty Corporation has a fifty-two week low of $69.56 and a fifty-two week high of $82.08.

Agree Realty (NYSE:ADC) last posted its quarterly 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. The business had revenue of $211.49 million for the quarter, compared to the consensus estimate of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. Equities analysts anticipate that Agree Realty Corporation will post 4.44 EPS for the current year.

Agree Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.267 per share. This represents a $1.07 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 29th. Agree Realty’s payout ratio is presently 172.97%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADC shares. Raymond James Financial upped their target price on Agree Realty from $84.00 to $90.00 and gave the company a “strong-buy” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada upped their target price on Agree Realty from $81.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Robert W. Baird upped their target price on Agree Realty from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial upped their target price on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, UBS Group upped their target price on Agree Realty from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.79.

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.