Alexandria Real Estate Equities, Inc. $ARE Shares Sold by M&G PLC

M&G PLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 62.5% during the second quarter, Holdings Channel reports. The firm owned 543,685 shares of the real estate investment trust’s stock after selling 907,753 shares during the period. M&G PLC’s holdings in Alexandria Real Estate Equities were worth $39,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at about $25,000. American National Bank & Trust acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $29,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $32,000. AlphaQuest LLC lifted its position in Alexandria Real Estate Equities by 370.5% during the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 326 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Alexandria Real Estate Equities by 431.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 548 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARE. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Royal Bank Of Canada decreased their target price on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Finally, 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $81.71.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $54.86 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $52.94 and a 12 month high of $112.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. The stock has a fifty day moving average price of $75.77 and a 200 day moving average price of $75.28. The company has a market cap of $9.48 billion, a P/E ratio of -22.21, a PEG ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last posted its 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 firm had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same period in the previous year, the firm earned $2.37 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 9.6%. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

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.