Agree Realty Director and Institutions Increase Stake

Agree Realty Corporation has seen significant interest from both company insiders and institutional investors. Director John Jr Rakolta purchased 20,136 shares of common stock in multiple transactions at a weighted average price of $73.23, totaling approximately $1.5 million. Following this transaction, Rakolta’s total equity position in the company is valued at approximately $45.6 million.

Institutional activity has also been notable. AXQ Capital LP acquired a new position of 16,105 shares during the second quarter, valued at roughly $1.22 million. Other major institutions have recently established or increased stakes in the real estate investment trust, including BlackRock Inc., Bank of America Corp, Norges Bank, Deutsche Bank AG, and the Canada Pension Plan Investment Board. Currently, institutional investors and hedge funds own approximately 97.83% of the company's stock.