Y Intercept Hong Kong Ltd Sells 2,977 Shares of Alexandria Real Estate Equities, Inc. $ARE

Y Intercept Hong Kong Ltd cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,459 shares of the real estate investment trust’s stock after selling 2,977 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alexandria Real Estate Equities were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARE. Private Trust Co. NA boosted its holdings in Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 149 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $2,127,000. HM Payson & Co. boosted its holdings in Alexandria Real Estate Equities by 33.0% during the first quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 198 shares during the period. Penserra Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 16.2% during the first quarter. Penserra Capital Management LLC now owns 12,933 shares of the real estate investment trust’s stock valued at $1,196,000 after acquiring an additional 1,803 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Alexandria Real Estate Equities by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 567,108 shares of the real estate investment trust’s stock valued at $52,463,000 after acquiring an additional 40,148 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ARE shares. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a report on Wednesday, October 1st. Cantor Fitzgerald decreased their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $86.93.

Alexandria Real Estate Equities Stock Down 3.0%

Shares of ARE opened at $54.01 on Wednesday. The company has a 50-day simple moving average of $78.51 and a 200-day simple moving average of $76.05. The firm has a market capitalization of $9.33 billion, a P/E ratio of -21.86, a P/E/G ratio of 5.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24. Alexandria Real Estate Equities, Inc. has a 52 week low of $53.94 and a 52 week high of $116.52.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The company had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 9.8%. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

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.