MCF Advisors LLC acquired a brand new stake in Agree Realty Co. (NYSE:ADC – Free Report) through the second quarter, in line with its most up-to-date 13F submitting with the SEC. The fund acquired 413 shares of the true property funding belief’s inventory, valued at roughly $26,000.
A number of different institutional traders have additionally added to or lowered their stakes in ADC. Massmutual Belief Co. FSB ADV elevated its stake in shares of Agree Realty by 248.3% within the second quarter. Massmutual Belief Co. FSB ADV now owns 620 shares of the true property funding belief’s inventory value $38,000 after buying an extra 442 shares within the final quarter. UMB Financial institution n.a. boosted its holdings in Agree Realty by 247.3% within the 1st quarter. UMB Financial institution n.a. now owns 719 shares of the true property funding belief’s inventory value $41,000 after shopping for an extra 512 shares through the interval. Parallel Advisors LLC boosted its holdings in Agree Realty by 35.9% within the 4th quarter. Parallel Advisors LLC now owns 1,129 shares of the true property funding belief’s inventory value $71,000 after shopping for an extra 298 shares through the interval. Principal Securities Inc. bought a brand new place in Agree Realty within the 4th quarter valued at roughly $80,000. Lastly, GAMMA Investing LLC raised its holdings in Agree Realty by 125.9% through the 2nd quarter. GAMMA Investing LLC now owns 1,403 shares of the true property funding belief’s inventory valued at $87,000 after buying an extra 782 shares through the interval. 97.83% of the inventory is owned by hedge funds and different institutional traders.
Wall Avenue Analyst Weigh In
A variety of analysis companies have lately commented on ADC. Raymond James raised their value goal on Agree Realty from $70.00 to $81.00 and gave the inventory a “strong-buy” ranking in a report on Wednesday, August twenty first. Truist Monetary lifted their goal value on Agree Realty from $68.00 to $77.00 and gave the corporate a “purchase” ranking in a report on Monday, August fifth. StockNews.com raised shares of Agree Realty from a “promote” ranking to a “maintain” ranking in a report on Tuesday, June eleventh. UBS Group boosted their value goal on shares of Agree Realty from $60.00 to $67.00 and gave the corporate a “impartial” ranking in a analysis be aware on Thursday, July 18th. Lastly, Stifel Nicolaus upped their goal value on shares of Agree Realty from $67.50 to $71.50 and gave the inventory a “purchase” ranking in a report on Wednesday, July twenty fourth. 5 equities analysis analysts have rated the inventory with a maintain ranking, eight have assigned a purchase ranking and one has issued a robust purchase ranking to the corporate. Primarily based on information from MarketBeat, Agree Realty presently has a median ranking of “Average Purchase” and a median goal value of $70.42.
Get Our Newest Inventory Report on Agree Realty
Agree Realty Inventory Up 0.2 %
ADC opened at $75.03 on Friday. The corporate has a fast ratio of 0.79, a present ratio of 0.79 and a debt-to-equity ratio of 0.54. The enterprise’s fifty day easy shifting common is $68.89 and its 200 day easy shifting common is $61.97. Agree Realty Co. has a 52 week low of $52.69 and a 52 week excessive of $75.55. The inventory has a market cap of $7.55 billion, a PE ratio of 44.14, a P/E/G ratio of two.44 and a beta of 0.58.
Agree Realty (NYSE:ADC – Get Free Report) final introduced its quarterly earnings information on Tuesday, July twenty third. The true property funding belief reported $0.52 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.03 by ($0.51). The agency had income of $152.58 million for the quarter, in comparison with analysts’ expectations of $150.35 million. Agree Realty had a internet margin of 32.08% and a return on fairness of three.72%. The enterprise’s quarterly income was up 17.5% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the enterprise posted $0.98 earnings per share. As a gaggle, analysis analysts anticipate that Agree Realty Co. will put up 4.12 earnings per share for the present fiscal 12 months.
Agree Realty Pronounces Dividend
The agency additionally lately disclosed a month-to-month dividend, which will probably be paid on Monday, September sixteenth. Stockholders of document on Friday, August thirtieth will probably be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August thirtieth. This represents a $3.00 dividend on an annualized foundation and a dividend yield of 4.00%. Agree Realty’s dividend payout ratio (DPR) is 176.47%.
Agree Realty Profile
Agree Realty Company is a publicly traded actual property funding belief that’s RETHINKING RETAIL by the acquisition and improvement of properties internet leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Firm owned and operated a portfolio of two,135 properties, positioned in 49 states and containing roughly 44.2 million sq. ft of gross leasable space.
See Additionally
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