Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 114.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 757,533 shares of the real estate investment trust’s stock after buying an additional 404,938 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.44% of Alexandria Real Estate Equities worth $55,020,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARE. Presima Securities ULC raised its stake in Alexandria Real Estate Equities by 1.4% during the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after purchasing an additional 170 shares during the period. CX Institutional raised its position in shares of Alexandria Real Estate Equities by 13.8% during the 2nd 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 period. Zions Bancorporation National Association UT raised its position in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock valued at $4,037,000 after buying an additional 202 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Alexandria Real Estate Equities by 1.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,602 shares of the real estate investment trust’s stock valued at $1,278,000 after acquiring an additional 206 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in Alexandria Real Estate Equities by 1.1% in the second quarter. New York Life Investment Management LLC now owns 23,096 shares of the real estate investment trust’s stock worth $1,677,000 after acquiring an additional 251 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $46.55 on Friday. The company has a fifty day moving average of $64.36 and a two-hundred day moving average of $72.70. The company has a market capitalization of $8.04 billion, a PE ratio of -18.85, a P/E/G ratio of 4.17 and a beta of 1.32. Alexandria Real Estate Equities, Inc. has a 1 year low of $46.10 and a 1 year high of $107.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24.

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

Alexandria Real Estate Equities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Royal Bank Of Canada dropped their price target on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Cantor Fitzgerald reduced their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Finally, BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $74.29.

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.