Candriam S.C.A. Sells 132,652 Shares of Alexandria Real Estate Equities, Inc. $ARE

Candriam S.C.A. lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 91.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,161 shares of the real estate investment trust’s stock after selling 132,652 shares during the quarter. Candriam S.C.A.’s holdings in Alexandria Real Estate Equities were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at about $25,000. American National Bank & Trust purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $29,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $32,000. AlphaQuest LLC increased its position in shares of Alexandria Real Estate Equities by 370.5% during the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 326 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Alexandria Real Estate Equities by 431.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 548 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. BNP Paribas Exane dropped their price objective on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 28th. Zacks Research downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Finally, Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $79.38.

Alexandria Real Estate Equities Trading Down 2.8%

Alexandria Real Estate Equities stock opened at $50.82 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $50.51 and a 52-week high of $112.42. The company has a market cap of $8.78 billion, a P/E ratio of -20.57, a P/E/G ratio of 5.06 and a beta of 1.29. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $73.25 and a two-hundred day simple moving average of $74.67.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is -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.