UMB Bank n.a. Has $86,000 Holdings in Alexandria Real Estate Equities, Inc. $ARE

UMB Bank n.a. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 233.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,180 shares of the real estate investment trust’s stock after acquiring an additional 826 shares during the period. UMB Bank n.a.’s holdings in Alexandria Real Estate Equities were worth $86,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Phillips Wealth Planners LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $284,000. Three Seasons Wealth LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $633,000. Fulton Bank N.A. boosted its position in shares of Alexandria Real Estate Equities by 4.8% during the second quarter. Fulton Bank N.A. now owns 16,859 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 771 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $231,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Alexandria Real Estate Equities by 117.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,372 shares of the real estate investment trust’s stock valued at $4,951,000 after buying an additional 34,720 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARE shares. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. Baird R W cut their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. BMO Capital Markets assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday. They set an “outperform” rating and a $100.00 target price on the stock. Mizuho cut their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Finally, Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.38.

Alexandria Real Estate Equities Stock Down 2.0%

ARE stock opened at $84.17 on Friday. The stock’s fifty day simple moving average is $80.63 and its two-hundred day simple moving average is $79.13. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.51. The stock 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 issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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