Roberts Glore & Co. Inc. IL Takes $210,000 Position in Alexandria Real Estate Equities, Inc. $ARE

Roberts Glore & Co. Inc. IL acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,886 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Other large investors have also bought and sold shares of the company. Invesco Ltd. increased its stake in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after buying an additional 882,963 shares during the last quarter. Northern Trust Corp increased its stake in shares of Alexandria Real Estate Equities by 6.2% during the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after purchasing an additional 158,177 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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. Goldman Sachs Group Inc. grew its position in shares of Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after purchasing an additional 330,673 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alexandria Real Estate Equities by 2.3% in the 1st 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 in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $55.64 on Monday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of -22.52, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a one year low of $52.94 and a one year high of $114.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24. The company’s 50-day moving average is $76.85 and its 200 day moving average is $75.59.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $752.90 million. During the same period in the previous year, the business earned $2.37 EPS. The business’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. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 9.5%. Alexandria Real Estate Equities’s payout ratio is presently -213.77%.

Analyst Ratings Changes

Several brokerages have commented on ARE. BNP Paribas Exane lowered their target price on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday, October 28th. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target on the stock. in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and a consensus target price of $81.71.

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.