Agree Realty (NYSE:ADC) Stock Sold Rep. Josh Gottheimer

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Agree Realty Corporation (NYSE:ADC). In a filing disclosed on July 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Agree Realty stock on June 1st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Nintendo (OTCMKTS:NTDOY) on 6/17/2026.
• Sold $1,001 – $15,000 in shares of Insmed (NASDAQ:INSM) on 6/10/2026.
• Sold $1,001 – $15,000 in shares of Novozymes A/S (OTCMKTS:NVZMY) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Booking (NASDAQ:BKNG) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
• Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 5/21/2026.

Agree Realty Price Performance

Shares of NYSE ADC opened at $77.95 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $75.32 and its two-hundred day moving average price is $75.59. The company has a market cap of $9.36 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. Agree Realty Corporation has a twelve month low of $69.56 and a twelve month high of $82.08.

Agree Realty (NYSE:ADC) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $195.73 million. During the same period last year, the firm posted $0.42 earnings per share. The business’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. On average, analysts predict that Agree Realty Corporation will post 4.45 EPS for the current year.

Agree Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.267 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Agree Realty’s payout ratio is 172.97%.

Institutional Investors Weigh In On Agree Realty

A number of hedge funds have recently added to or reduced their stakes in ADC. GAMMA Investing LLC increased its stake in Agree Realty by 10.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,383 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 501 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Agree Realty by 9.2% during the second quarter. CoreCap Advisors LLC now owns 80,269 shares of the real estate investment trust’s stock valued at $6,080,000 after acquiring an additional 6,753 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Agree Realty by 5.6% during the 1st quarter. Pacer Advisors Inc. now owns 14,230 shares of the real estate investment trust’s stock worth $1,073,000 after purchasing an additional 751 shares during the period. Integrated Investment Consultants LLC boosted its stake in Agree Realty by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 5,771 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 192 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Agree Realty by 65.4% in the first quarter. Bank of America Corp DE now owns 1,526,561 shares of the real estate investment trust’s stock worth $115,072,000 after buying an additional 603,480 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Insider Activity at Agree Realty

In related news, Chairman Richard Agree purchased 5,000 shares of Agree Realty stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the completion of the transaction, the chairman owned 90,512 shares in the company, valued at $6,463,461.92. This trade represents a 5.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joey Agree acquired 13,295 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $75.41 per share, for a total transaction of $1,002,575.95. Following the completion of the purchase, the chief executive officer owned 675,105 shares in the company, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 19,045 shares of company stock worth $1,415,943. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ADC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Agree Realty in a research note on Thursday, July 2nd. Jefferies Financial Group assumed coverage on shares of Agree Realty in a research report on Monday, June 1st. They set a “buy” rating and a $84.00 price objective for the company. Mizuho reduced their price target on shares of Agree Realty from $86.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price objective on Agree Realty from $81.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial raised their price target on shares of Agree Realty from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Agree Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.80.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.