AlphaQuest LLC Has $38,000 Stake in Alexandria Real Estate Equities, Inc. $ARE

AlphaQuest LLC grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 370.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 414 shares of the real estate investment trust’s stock after buying an additional 326 shares during the period. AlphaQuest LLC’s holdings in Alexandria Real Estate Equities were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ARE. Colonial Trust Co SC lifted its position in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 252 shares during the last quarter. Tsfg LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth approximately $30,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $32,000. TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $34,000. Finally, Cromwell Holdings LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $36,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $82.91 on Friday. The stock has a market capitalization of $14.34 billion, a PE ratio of -637.80, a P/E/G ratio of 6.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The business has a fifty day moving average price of $78.03 and a two-hundred day moving average price of $80.57. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.4%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. Mizuho dropped their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Citigroup dropped their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, May 20th. Finally, Baird R W dropped their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.17.

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.