OVERSEA CHINESE BANKING Corp Ltd Acquires New Holdings in Agree Realty Corporation $ADC

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Agree Realty Corporation (NYSE:ADC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 62,214 shares of the real estate investment trust’s stock, valued at approximately $4,712,000. OVERSEA CHINESE BANKING Corp Ltd owned about 0.05% of Agree Realty at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of Agree Realty by 192.1% during the fourth quarter. Clearstead Trust LLC now owns 368 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 242 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Agree Realty in the 3rd quarter worth approximately $32,000. Clearstead Advisors LLC grew its position 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 worth $33,000 after buying an additional 285 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Agree Realty by 71.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 462 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 192 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Agree Realty by 214.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 547 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 373 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Richard Agree acquired 5,000 shares of Agree Realty stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $71.41 per share, for a total transaction of $357,050.00. Following the completion of the purchase, the chairman directly owned 90,512 shares in the company, valued at $6,463,461.92. This trade represents a 5.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Agree Realty Trading Up 0.1%

NYSE:ADC opened at $74.45 on Friday. Agree Realty Corporation has a 12 month low of $69.56 and a 12 month high of $82.08. The firm has a fifty day simple moving average of $76.82 and a 200-day simple moving average of $76.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9.26 billion, a P/E ratio of 40.03, a PEG ratio of 2.43 and a beta of 0.47.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The company had revenue of $216.33 million for the quarter, compared to analysts’ expectations of $204.53 million. Agree Realty had a net margin of 28.84% and a return on equity of 3.90%. Agree Realty’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. On average, equities research analysts anticipate that Agree Realty Corporation will post 4.45 earnings per share for the current year.

Agree Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.267 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, August 31st. Agree Realty’s dividend payout ratio (DPR) is presently 172.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Huntington initiated coverage on shares of Agree Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $84.00 target price for the company. Mizuho reduced their price target 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. Weiss Ratings cut Agree Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Barclays boosted their target price on Agree Realty from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Robert W. Baird set a $83.00 price target on Agree Realty in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.94.

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.