Clal Insurance Enterprises Holdings Ltd Makes New $28.55 Million Investment in Alexandria Real Estate Equities, Inc. $ARE

Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 386,000 shares of the real estate investment trust’s stock, valued at approximately $28,545,000. Clal Insurance Enterprises Holdings Ltd owned about 0.22% of Alexandria Real Estate Equities at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 511.9% during the 1st 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 buying an additional 1,269,795 shares during the period. Invesco Ltd. boosted its holdings 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 grew its position in Alexandria Real Estate Equities by 1,796.2% during 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 period. Price T Rowe Associates Inc. MD increased its stake in Alexandria Real Estate Equities by 79.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust’s stock worth $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 during the first quarter worth about $41,457,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.2%

ARE opened at $50.76 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12-month low of $50.22 and a 12-month high of $112.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. The stock has a market capitalization of $8.77 billion, a PE ratio of -20.55, a P/E/G ratio of 5.06 and a beta of 1.29. The firm’s fifty day moving average price is $72.59 and its 200 day moving average price is $74.50.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 company 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%.The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period 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, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 10.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARE. Royal Bank Of Canada decreased their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, November 3rd. BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday, October 31st. Finally, Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $79.38.

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.