Roberts Glore & Co. Inc. IL Acquires Shares of 2,886 Alexandria Real Estate Equities, Inc. $ARE

Roberts Glore & Co. Inc. IL purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,886 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the company. Nuance Investments LLC raised its position in Alexandria Real Estate Equities by 7.5% during the 2nd quarter. Nuance Investments LLC now owns 50,573 shares of the real estate investment trust’s stock worth $3,673,000 after buying an additional 3,543 shares during the last quarter. Zions Bancorporation National Association UT boosted its stake in 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 worth $4,037,000 after purchasing an additional 202 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Alexandria Real Estate Equities by 9.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 416,102 shares of the real estate investment trust’s stock valued at $30,221,000 after purchasing an additional 37,390 shares in the last quarter. Aviva PLC increased its position in Alexandria Real Estate Equities by 6.2% during the second quarter. Aviva PLC now owns 115,896 shares of the real estate investment trust’s stock worth $8,418,000 after purchasing an additional 6,787 shares during the last quarter. Finally, American Assets Capital Advisers LLC raised its position in Alexandria Real Estate Equities by 181.3% in the second quarter. American Assets Capital Advisers LLC now owns 17,316 shares of the real estate investment trust’s stock valued at $1,258,000 after purchasing an additional 11,160 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ARE shares. Royal Bank Of Canada lowered their price objective 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 note on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a report on Wednesday, October 1st. Jefferies Financial Group set a $62.00 price objective on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Monday, November 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Reduce” and an average price target of $81.71.

Alexandria Real Estate Equities Price Performance

ARE opened at $55.64 on Monday. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of -22.52, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $52.94 and a fifty-two week high of $114.69. 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 company’s 50-day moving average price is $76.85 and its 200 day moving average price is $75.59.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

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.