Bank of New York Mellon Corp Has $80.33 Million Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Bank of New York Mellon Corp lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,106,017 shares of the real estate investment trust’s stock after selling 944 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexandria Real Estate Equities were worth $80,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Presima Securities ULC lifted its position in Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after purchasing an additional 170 shares during the period. CX Institutional raised its stake in shares of Alexandria Real Estate Equities by 13.8% in the 2nd quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 175 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,602 shares of the real estate investment trust’s stock valued at $1,278,000 after buying an additional 206 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1.1% during the 2nd quarter. New York Life Investment Management LLC now owns 23,096 shares of the real estate investment trust’s stock worth $1,677,000 after acquiring an additional 251 shares during the period. Finally, Motco boosted its position in shares of Alexandria Real Estate Equities by 42.0% during the 2nd quarter. Motco now owns 967 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 286 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $55.64 on Friday. The stock has a 50-day simple moving average of $76.85 and a 200 day simple moving average of $75.60. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of -22.52, a P/E/G ratio of 5.06 and a beta of 1.29. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 12-month low of $52.94 and a 12-month high of $114.69.

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 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 analyst estimates of $752.90 million. During the same quarter in the previous year, the business posted $2.37 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, research 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 business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 9.5%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -213.77%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARE shares. Citigroup reissued a “neutral” rating on shares of Alexandria Real Estate Equities in a research report on Monday, November 3rd. Jefferies Financial Group set a $62.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Finally, Zacks Research cut Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $81.71.

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.