Park Avenue Securities LLC Buys 1,761 Shares of Alexandria Real Estate Equities, Inc. $ARE

Park Avenue Securities LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,673 shares of the real estate investment trust’s stock after buying an additional 1,761 shares during the quarter. Park Avenue Securities LLC’s holdings in Alexandria Real Estate Equities were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kaufman Rossin Wealth LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter worth about $202,000. CX Institutional boosted its holdings in Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 175 shares in the last quarter. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 233.3% in the second quarter. UMB Bank n.a. now owns 1,180 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 826 shares in the last quarter. Phillips Wealth Planners LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter worth about $284,000. Finally, Three Seasons Wealth LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $633,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARE has been the topic of several research reports. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 target price on the stock. 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 on the stock in a research note on Tuesday, July 29th. Citigroup dropped their price target 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 target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.38.

Alexandria Real Estate Equities Trading Down 0.5%

Shares of NYSE:ARE opened at $83.78 on Monday. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $123.76. The company has a market capitalization of $14.49 billion, a PE ratio of -644.46, a PEG ratio of 7.04 and a beta of 1.30. The business has a 50 day moving average of $80.74 and a two-hundred day moving average of $78.76. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $748.02 million. During the same period in the previous year, the company posted $2.36 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter 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. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current 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 given a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.3%. Alexandria Real Estate Equities’s payout ratio is -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.