Voya Investment Management LLC Sells 219 Shares of Alexandria Real Estate Equities, Inc. $ARE

Voya Investment Management LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,453 shares of the real estate investment trust’s stock after selling 219 shares during the period. Voya Investment Management LLC’s holdings in Alexandria Real Estate Equities were worth $4,297,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 149 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 153 shares in the last quarter. Presima Securities ULC grew 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 valued at $1,100,000 after acquiring an additional 170 shares during the last quarter. Investor s Fiduciary Advisor Network LLC lifted its holdings in shares of Alexandria Real Estate Equities by 3.8% in the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 180 shares during the last quarter. Finally, HM Payson & Co. increased its stake in shares of Alexandria Real Estate Equities by 33.0% in the first quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 198 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $86.61 on Friday. The stock has a market cap of $14.98 billion, a PE ratio of -666.19, a price-to-earnings-growth ratio of 7.35 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. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.60. The firm has a fifty day moving average price of $80.03 and a 200 day moving average price of $79.56.

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. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million during the quarter, compared to analysts’ expectations of $748.02 million. During the same quarter in the prior year, the business earned $2.36 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced 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 is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.1%. Alexandria Real Estate Equities’s payout ratio is presently -4,061.54%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARE. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Citigroup lowered their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Finally, Royal Bank Of Canada decreased their price objective on shares of 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. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.25.

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.