Agree Realty Corporation $ADC Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position

01 Nov 2026, 10:41 by Kim Johansen · The Markets Daily

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Agree Realty Corporation (NYSE:ADC – Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,842 shares of the real estate investment trust’s stock after purchasing an additional 15,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.11% of Agree Realty worth $9,811,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ADC. Clearstead Trust LLC purchased a new position in Agree Realty in the 2nd quarter valued at approximately $33,000. Elevation Wealth Partners LLC raised its holdings in Agree Realty by 172.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 430 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 272 shares during the period. CX Institutional raised its holdings in Agree Realty by 852.2% during the 3rd quarter. CX Institutional now owns 438 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 392 shares during the period. Wealth Enhancement Trust Services Inc. bought a new stake in Agree Realty during the 3rd quarter valued at $32,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Agree Realty during the second quarter worth $45,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADC. Wells Fargo & Company cut their price target on Agree Realty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Citigroup decreased their price objective on Agree Realty from $82.50 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Wall Street Zen raised Agree Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Mizuho cut their target price on Agree Realty from $80.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Finally, Stifel Nicolaus reduced their target price on Agree Realty from $81.50 to $76.50 and set a “buy” rating for the company in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.85.

Read Our Latest Research Report on Agree Realty

Agree Realty Stock Performance

Agree Realty stock opened at $67.00 on Friday. The firm’s 50 day simple moving average is $68.69 and its 200 day simple moving average is $74.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $8.72 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. Agree Realty Corporation has a 1-year low of $64.34 and a 1-year high of $82.08.

Agree Realty (NYSE:ADC – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $0.47 by $0.68. The firm had revenue of $213.88 million during the quarter, compared to the consensus estimate of $211.52 million. Agree Realty had a net margin of 29.75% and a return on equity of 4.00%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. As a group, analysts expect that Agree Realty Corporation will post 4.45 earnings per share for the current fiscal year.

Agree Realty Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.2710 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Agree Realty’s previous monthly dividend of $0.2670. The ex-dividend date is Friday, October 30th. Agree Realty’s dividend payout ratio (DPR) is 164.95%.

Insider Buying and Selling

In other Agree Realty news, insider Craig Erlich bought 1,000 shares of Agree Realty stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average cost of $67.55 per share, for a total transaction of $67,550.00. Following the completion of the transaction, the insider directly owned 60,388 shares in the company, valued at $4,079,209.40. This represents a 1.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joey Agree bought 7,360 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of $68.06 per share, for a total transaction of $500,921.60. Following the completion of the purchase, the chief executive officer directly owned 682,465 shares in the company, valued at approximately $46,448,567.90. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 48,496 shares of company stock worth $3,418,670. Corporate insiders own 1.80% of the company’s stock.

Agree Realty Profile

(Free Report)

Agree Realty Corporation is a real estate investment trust (REIT) that acquires, develops, and manages retail properties across the United States. The company primarily uses a net-lease structure, under which tenants generally are responsible for property-level operating expenses such as taxes, insurance, and maintenance.