Ceredex Value Advisors Reduces Stake in Agree Realty

Real estate investment trust sees institutional investor decrease holdings by 8.8% in Q3

Mar. 11, 2026 at 8:52am

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Ceredex Value Advisors LLC, an institutional investor, reduced its stake in Agree Realty Corporation (NYSE: ADC) by 8.8% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The fund now owns approximately 174,600 shares of the real estate investment trust's stock, valued at $12.4 million.

Why it matters

Agree Realty is a prominent real estate investment trust that focuses on acquiring, developing, and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. The reduction in Ceredex's holdings could signal a shift in investor sentiment or portfolio rebalancing, which may impact the stock's performance and the broader REIT market.

The details

According to the 13F filing, Ceredex Value Advisors sold 16,950 shares of Agree Realty during the third quarter, reducing its total position to 174,600 shares. The fund now owns approximately 0.15% of the REIT's outstanding shares. Other institutional investors, such as Clarkston Capital Partners LLC and Schroder Investment Management Group, have also made adjustments to their Agree Realty holdings in recent quarters.

  • Ceredex Value Advisors reduced its Agree Realty holdings in the third quarter of 2026.

The players

Ceredex Value Advisors LLC

An institutional investment management firm that previously held a larger stake in Agree Realty Corporation.

Agree Realty Corporation

A real estate investment trust that focuses on acquiring, developing, and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases.

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The takeaway

The reduction in Ceredex Value Advisors' Agree Realty holdings could signal a broader shift in investor sentiment towards the REIT sector, as institutional investors adjust their portfolios in response to market conditions and investment strategies. This development may have implications for Agree Realty's stock performance and the broader real estate investment trust industry.