Fifth Third Bancorp Sells 2,404 Shares of Alexandria Real Estate Equities, Inc. $ARE

Fifth Third Bancorp decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 16.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,973 shares of the real estate investment trust’s stock after selling 2,404 shares during the quarter. Fifth Third Bancorp’s holdings in Alexandria Real Estate Equities were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Gries Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $239,000. Clear Harbor Asset Management LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $323,000. Park Avenue Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 25.5% during the second quarter. Park Avenue Securities LLC now owns 8,673 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 1,761 shares during the last quarter. Kaufman Rossin Wealth LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $202,000. Finally, CX Institutional grew its stake in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 175 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.5%

Shares of NYSE ARE opened at $83.78 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $14.49 billion, a PE ratio of -644.46, a price-to-earnings-growth ratio of 7.04 and a beta of 1.30. The stock’s fifty day simple moving average is $80.74 and its two-hundred day simple moving average is $78.76. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $123.76.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for 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 business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last 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, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed 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. This represents a $5.28 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -4,061.54%.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research analyst reports. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Citigroup dropped their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Baird R W dropped their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Royal Bank Of Canada dropped their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Finally, Mizuho dropped their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.38.

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.