Alexandria Real Estate Equities, Inc. $ARE Stake Boosted by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,939 shares of the real estate investment trust’s stock after purchasing an additional 8,608 shares during the period. Rhumbline Advisers’ holdings in Alexandria Real Estate Equities were worth $24,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after buying an additional 82,591 shares during the period. Invesco Ltd. lifted its holdings in 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 worth $291,198,000 after acquiring an additional 882,963 shares during the last quarter. Northern Trust Corp boosted its stake in Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock valued at $251,959,000 after acquiring an additional 158,177 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Alexandria Real Estate Equities by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after acquiring an additional 63,997 shares during the period. Finally, Goldman Sachs Group Inc. grew 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 valued at $171,105,000 after purchasing an additional 330,673 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.7%

Alexandria Real Estate Equities stock opened at $53.55 on Thursday. Alexandria Real Estate Equities, Inc. has a 52 week low of $48.66 and a 52 week high of $112.42. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of -21.68, a PEG ratio of 5.06 and a beta of 1.29. The company’s 50-day moving average price is $68.51 and its two-hundred day moving average price is $73.58. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The company had revenue of $751.94 million during the quarter, compared to the consensus estimate of $752.90 million. During the same quarter last year, the business earned $2.37 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARE. Jefferies Financial Group set a $62.00 price target on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Cantor Fitzgerald reduced their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $100.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Zacks Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average target price of $76.57.

About Alexandria Real Estate Equities

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.