Alexandria Real Estate Equities, Inc. $ARE Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 39.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,352 shares of the real estate investment trust’s stock after selling 7,310 shares during the period. HighTower Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $1,050,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC raised its holdings in shares of Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $32,000. TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $34,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $36,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Citigroup dropped their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Finally, Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.17.

Alexandria Real Estate Equities Stock Up 0.6%

Alexandria Real Estate Equities stock opened at $80.91 on Wednesday. The company has a 50-day simple moving average of $76.74 and a 200-day simple moving average of $81.11. The firm has a market capitalization of $13.99 billion, a P/E ratio of -622.39, a P/E/G ratio of 6.76 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -4,061.54%.

Alexandria Real Estate Equities Company 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.