Agree Realty Director Rakolta Buys 20,136 Shares for $1.5 Million
Key Points
The purchases were valued at approximately $1.5 million.
The stock price is slightly down thus far in 2026.
The current position includes approximately 622,000 shares held directly and 146 shares held indirectly by the insider's wife.
John Jr Rakolta, Director of Agree Realty (NYSE:ADC), purchased 20,136 shares of common stock for a transaction value of approximately $1.5 million, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $1.5 million |
| Shares purchased (directly held) | 20,136 |
| Post-transaction shares (total) | 622,343 |
| Post-transaction shares (directly held) | 622,197 |
| Post-transaction shares (indirectly held) | 146 |
| Post-transaction value | $45.6 million |
Transaction value based on SEC Form 4 weighted average purchase price ($73.23); post-transaction value based on Aug. 28, 2026, market close ($73.20).
Key questions
- What was the execution range for these purchases?
The Director purchased the shares in multiple transactions at prices ranging from $73.18 to $73.23 per share, resulting in the reported weighted average price of $73.23. - What is the valuation of the insider's total equity position?
The combined direct and indirect holdings of 622,343 shares represent a market value of $45.6 million based on the Aug. 28, 2026, market close of $73.20. - Are there other components contributing to the current ownership levels?
The reported holdings include 6,263.244 shares that the insider has acquired through a dividend reinvestment plan since the previous beneficial ownership filing. - What is the primary focus of the company's real estate portfolio?
Agree Realty operates as a REIT specializing in the acquisition and development of net-leased commercial properties leased to major retail tenants across the United States.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-28) | $73.20 |
| Market Capitalization | $9 billion |
| Revenue (TTM) | $779.6 million |
| Net Income (TTM) | $217 million |
Company Snapshot
- Agree Realty operates as a publicly traded Real Estate Investment Trust specializing in the acquisition, development, and ownership of net-leased commercial retail properties across the United States.
- The company generates revenue through long-term net leases with leading retail tenants, whereby lessees bear responsibility for property operating expenses, providing Agree Realty with stable, predictable cash flows.
- The firm serves a diversified base of national and regional retail operators with a portfolio of 2,825 properties.
Agree Realty maintains a substantial institutional-grade retail real estate portfolio generating approximately $779.6 million in TTM revenue with $217 million in net income. The company's net-lease business model provides structural advantages through tenant-funded property maintenance and capital expenditures, positioning it competitively within the retail REIT sector. With a market capitalization of $9 billion and operations across a geographically diversified footprint, Agree Realty demonstrates scale and operational resilience in the commercial real estate market.
What this transaction means for investors
Over the last year, Agree Realty's stock price has been flat, while the S&P 500 is up 19% over the same period. With that in mind, this transaction really stands out. It can be viewed as a bullish signal for shareholders. Valued at approximately $1.5 billion, the purchases show deep conviction in Agree Realty. The executive now holds over 622,000 shares directly and 146 shares indirectly through a spouse.
Along with the bullishness reflected in the Rakolta transaction, analysts also appear bullish on what could be ahead for Agree Realty. Of the 20 analysts who cover the stock, 65% rate it a buy, while 35% rate it a hold. From that group, the median price target for the next 12 months is $84. Based on the price as of this writing, $72.62, that would represent a potential gain of 15.6%. The group's highest price target is $93, representing a potential gain of 28%. And the good news for shareholders is that even the lowest price target of $81 would represent a potential gain of 11.5%. The insider purchase, as well as those price targets, reflects general enthusiasm about what's ahead for Agree Realty.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.