RBC Cuts Holdings in Agree Realty by 18.4%

Royal Bank of Canada has significantly reduced its holdings in Agree Realty Corporation. In the first quarter, Royal Bank of Canada sold 27,014 shares of Agree Realty's stock, reducing its ownership by 18.4%.

The institutional investor now owns approximately 119,895 shares of Agree Realty's stock, which is worth $9,036,000 at the end of the most recent reporting period. This represents about 0.10% of Agree Realty's total stock value.

Agree Realty is a real estate investment trust that focuses on acquiring, developing, and managing retail properties under long-term leases. The company has seen revenue growth, with its quarterly earnings increasing by 16.8% year-over-year to $216.33 million.