IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 1,616 Shares of Alexandria Real Estate Equities, Inc. $ARE

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,351 shares of the real estate investment trust’s stock after purchasing an additional 1,616 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Alexandria Real Estate Equities were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ARE. AQR Capital Management LLC lifted its stake in Alexandria Real Estate Equities by 511.9% in the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock valued at $140,416,000 after acquiring an additional 1,269,795 shares during the last quarter. Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after acquiring an additional 882,963 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Alexandria Real Estate Equities by 1,796.2% in the second quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock valued at $60,814,000 after acquiring an additional 791,712 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Alexandria Real Estate Equities by 79.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust’s stock valued at $114,122,000 after acquiring an additional 544,358 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at $41,457,000. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ARE shares. BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Tuesday. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and increased their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $95.00.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $63.01 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $62.56 and a 52 week high of $116.52. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of -25.51, a P/E/G ratio of 6.54 and a beta of 1.31. The firm’s 50-day simple moving average is $80.78 and its 200 day simple moving average is $76.81. 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 released its quarterly earnings results 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). Alexandria Real Estate Equities had a negative return on equity of 1.87% and a negative net margin of 13.43%.The business had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same period in the prior year, the business posted $2.37 earnings per share. Alexandria Real Estate Equities’s 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. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -4,061.54%.

Alexandria Real Estate Equities 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.