Nomura Asset Management Co. Ltd. Grows Stock Position in Agree Realty Corporation $ADC

Nomura Asset Management Co. Ltd. raised its stake in shares of Agree Realty Corporation (NYSE:ADC) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 171,500 shares of the real estate investment trust’s stock after buying an additional 11,170 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.15% of Agree Realty worth $12,353,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ADC. Jane Street Group LLC raised its stake in shares of Agree Realty by 268.9% during the 1st quarter. Jane Street Group LLC now owns 27,365 shares of the real estate investment trust’s stock valued at $2,112,000 after buying an additional 19,948 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 356 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Agree Realty in the second quarter valued at approximately $1,875,000. EverSource Wealth Advisors LLC boosted its stake in Agree Realty by 245.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 965 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Agree Realty by 46.8% during the second quarter. First Trust Advisors LP now owns 74,203 shares of the real estate investment trust’s stock worth $5,421,000 after buying an additional 23,662 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADC shares. Mizuho lowered their price objective on Agree Realty from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. BMO Capital Markets cut Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research note on Friday, April 17th. UBS Group upped their price target on Agree Realty from $82.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Truist Financial increased their price objective on Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Wall Street Zen cut Agree Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Agree Realty has an average rating of “Moderate Buy” and an average price target of $83.80.

Agree Realty Stock Up 0.2%

Shares of NYSE ADC opened at $72.60 on Wednesday. The stock has a market cap of $8.72 billion, a P/E ratio of 39.24, a PEG ratio of 2.44 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 Corporation has a 12-month low of $69.56 and a 12-month high of $82.08. The business’s fifty day simple moving average is $76.19 and its 200-day simple moving average is $75.27.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) 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 analysts’ expectations of $195.73 million. Agree Realty had a return on equity of 3.95% and a net margin of 29.25%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. As a group, equities analysts predict that Agree Realty Corporation will post 4.44 EPS for the current fiscal year.

Agree Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a $0.267 dividend. This represents a $1.07 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 29th. Agree Realty’s dividend payout ratio is 172.97%.

Insider Buying and Selling at Agree Realty

In other Agree Realty news, CEO Joey Agree bought 13,295 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $75.41 per share, with a total value of $1,002,575.95. Following the completion of the acquisition, the chief executive officer directly owned 675,105 shares of the company’s stock, valued at $50,909,668.05. This represents a 2.01% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg Lehmkuhl bought 750 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $75.09 per share, for a total transaction of $56,317.50. Following the acquisition, the director directly owned 34,465 shares of the company’s stock, valued at $2,587,976.85. The trade was a 2.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 14,191 shares of company stock worth $1,069,944 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Agree Realty Company 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.