Swedbank AB Buys 33,378 Shares of Alexandria Real Estate Equities, Inc. $ARE

Swedbank AB lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,258 shares of the real estate investment trust’s stock after buying an additional 33,378 shares during the period. Swedbank AB owned about 0.09% of Alexandria Real Estate Equities worth $11,422,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,483 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 454 shares during the period. Woodline Partners LP bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $907,000. GF Fund Management CO. LTD. bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $279,000. Toronto Dominion Bank raised its stake in shares of Alexandria Real Estate Equities by 8.0% in the fourth quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust’s stock valued at $8,138,000 after buying an additional 6,166 shares during the period. Finally, Jefferies Financial Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 4.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 234 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $86.61 on Monday. The firm has a market cap of $14.98 billion, a P/E ratio of -666.19, a P/E/G ratio of 7.24 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.60. The business’s 50 day moving average price is $80.03 and its 200-day moving average price is $79.26. 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 (NYSE:ARE) last released its quarterly earnings results 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. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the company posted $2.36 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid 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 yield of 6.1%. Alexandria Real Estate Equities’s dividend payout ratio is presently -4,061.54%.

Analyst Ratings Changes

Several brokerages have commented on ARE. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 29th. Baird R W cut their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Mizuho cut their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Citigroup cut their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.