Agree Realty (NYSE:ADC) Shares Acquired Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently bought shares of Agree Realty Corporation (NYSE:ADC). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Agree Realty stock on June 11th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Agree Realty Trading Down 1.3%

Shares of NYSE ADC traded down $0.9750 during midday trading on Friday, reaching $73.0650. 701,347 shares of the stock were exchanged, compared to its average volume of 1,010,635. The business has a 50-day simple moving average of $73.11 and a two-hundred day simple moving average of $74.27. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 2.38 and a beta of 0.55. Agree Realty Corporation has a 12 month low of $67.58 and a 12 month high of $79.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.71 and a quick ratio of 0.71.

Agree Realty (NYSE:ADC) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Agree Realty had a net margin of 28.16% and a return on equity of 3.47%. The business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $173.95 million. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Agree Realty has set its FY 2025 guidance at 4.290-4.320 EPS. As a group, equities research analysts expect that Agree Realty Corporation will post 4.27 EPS for the current year.

Agree Realty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.256 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 29th. Agree Realty’s dividend payout ratio (DPR) is currently 182.74%.

Hedge Funds Weigh In On Agree Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TT Capital Management LLC bought a new stake in shares of Agree Realty during the 2nd quarter worth $236,000. Pathway Financial Advisers LLC grew its holdings in Agree Realty by 3.8% in the 2nd quarter. Pathway Financial Advisers LLC now owns 17,784 shares of the real estate investment trust’s stock worth $1,299,000 after acquiring an additional 645 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Agree Realty in the 2nd quarter worth $65,376,000. Parr Mcknight Wealth Management Group LLC lifted its position in shares of Agree Realty by 1.6% in the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 17,150 shares of the real estate investment trust’s stock worth $1,253,000 after purchasing an additional 271 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Agree Realty by 7.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 235,833 shares of the real estate investment trust’s stock worth $17,233,000 after purchasing an additional 16,640 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays decreased their target price on Agree Realty from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wall Street Zen lowered Agree Realty from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Truist Financial set a $84.00 price target on Agree Realty in a research note on Friday, August 8th. JMP Securities reissued a “market perform” rating on shares of Agree Realty in a research note on Monday, June 30th. Finally, UBS Group lifted their price target on Agree Realty from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Insider Activity

In other news, CEO Joey Agree purchased 4,108 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $72.15 per share, for a total transaction of $296,392.20. Following the completion of the acquisition, the chief executive officer directly owned 633,060 shares in the company, valued at $45,675,279. This represents a 0.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 6,950 shares of company stock valued at $501,296. 1.80% of the stock is owned by company insiders.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Agree Realty

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area.