AlphaStar Capital Management LLC Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

AlphaStar Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,357 shares of the real estate investment trust’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $25,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth approximately $32,000. TruNorth Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth approximately $34,000. Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $36,000. Finally, American National Bank & Trust bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $29,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $58.30 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a twelve month low of $55.02 and a twelve month high of $116.52. The company has a market cap of $10.08 billion, a P/E ratio of -23.60, a P/E/G ratio of 5.06 and a beta of 1.31. The business has a fifty day simple moving average of $79.54 and a 200 day simple moving average of $76.38.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to the consensus estimate 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%.Alexandria Real Estate Equities’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 9.1%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -213.77%.

Analysts Set New Price Targets

A number of research firms have commented on ARE. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. BNP Paribas Exane reduced their target price on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a report on Tuesday, October 28th. BNP Paribas lowered 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 report on Wednesday, October 1st. Finally, Evercore ISI reduced their target price on Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $90.33.

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.