Farther Finance Advisors LLC Cuts Position in Alexandria Real Estate Equities, Inc. $ARE

Farther Finance Advisors LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 54.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 494 shares of the real estate investment trust’s stock after selling 590 shares during the period. Farther Finance Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $36,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $71,000. Park Avenue Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 19.0% during the first quarter. Park Avenue Securities LLC now owns 6,912 shares of the real estate investment trust’s stock worth $639,000 after acquiring an additional 1,106 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $1,112,000. SG Americas Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 44.4% during the first quarter. SG Americas Securities LLC now owns 4,928 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Alexandria Real Estate Equities by 1.3% during the first quarter. Handelsbanken Fonder AB now owns 120,053 shares of the real estate investment trust’s stock worth $11,106,000 after acquiring an additional 1,599 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ARE shares. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a research report on Wednesday, October 1st. Evercore ISI upgraded 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. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday. They issued a “hold” rating and a $80.00 price target on the stock. Mizuho cut their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, BMO Capital Markets started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $96.47.

Alexandria Real Estate Equities Trading Down 2.4%

ARE stock opened at $78.07 on Wednesday. The company has a market capitalization of $13.50 billion, a PE ratio of -600.57, a price-to-earnings-growth ratio of 6.72 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $123.10. The company’s 50 day moving average price is $80.97 and its two-hundred day moving average price is $78.13. 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 issued its 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 net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same period in the previous year, the firm earned $2.36 earnings per share. The firm’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 predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.8%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

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.