Agree Realty Corporation, a publicly traded real estate investment trust (REIT), has recently gained attention from institutional investors due to their confidence in its business model and market positioning.

Institutional Investors

UMB Bank n.a. has increased its holdings to 971 shares, valued at approximately $73,000, while Arcadia Investment Management Corp MI has acquired a stake valued at $75,000. Institutional investors collectively own 97.83% of Agree Realty's stock, indicating strong institutional support.

Business Focus

Agree Realty focuses on acquiring and developing properties leased to leading omni-channel retail tenants, with a portfolio of 2,135 properties across 49 states.

Analysts' Price Targets

Analysts have adjusted price targets for Agree Realty's stock:

• UBS Group maintains a "neutral" rating and a price target of $79.00
• Stifel Nicolaus assigns a "buy" rating and a target of $71.50
• Robert W. Baird increases their target to $76.00
• Raymond James sets a target of $81.00 with a "strong-buy" rating

Financial Performance

Despite falling short of earnings expectations, Agree Realty reported a revenue of $154.33 million for the quarter. The stock has shown volatility, trading at $76.14 recently. Agree Realty has a market capitalization of $7.88 billion, a debt-to-equity ratio of 0.52, and a current ratio of 0.66. The company's price-to-earnings (PE) ratio is 42.15, and the price-to-earnings growth (PEG) ratio is 3.10. Analysts forecast an EPS of 4.11 for the current year.

Competitive Edge

Agree Realty's strategy of focusing on properties leased to industry-leading tenants may provide stability in the evolving retail landscape. The company's ability to adapt to changing consumer behaviors and retail trends is crucial for maintaining its competitive edge.

Outlook

With strong institutional backing, the outlook remains cautiously optimistic, despite the recent earnings miss.