298,640 Shares in Alexandria Real Estate Equities, Inc. $ARE Bought by Randolph Co Inc

Randolph Co Inc bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent filing with the SEC. The firm bought 298,640 shares of the real estate investment trust’s stock, valued at approximately $21,690,000. Alexandria Real Estate Equities comprises 2.2% of Randolph Co Inc’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARE. Invesco Ltd. grew its position in shares of Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after purchasing an additional 882,963 shares during the last quarter. Northern Trust Corp grew its holdings in Alexandria Real Estate Equities by 6.2% in the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock valued at $251,959,000 after buying an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock worth $234,067,000 after buying an additional 63,997 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after buying an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Alexandria Real Estate Equities by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust’s stock valued at $152,322,000 after acquiring an additional 36,468 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday. They set an “outperform” rating and a $100.00 price objective for the company. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Baird R W reduced their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.38.

Alexandria Real Estate Equities Trading Down 2.0%

ARE stock opened at $84.17 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.51. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $80.63 and its 200-day moving average is $79.13. The firm has a market cap of $14.56 billion, a P/E ratio of -647.42, a P/E/G ratio of 7.21 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same quarter last year, the company earned $2.36 EPS. Alexandria Real Estate Equities’s revenue was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio is presently -4,061.54%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.