JPMorgan Chase & Co. Reduces Stake in Alexandria Real Estate Equities, Inc. $ARE

JPMorgan Chase & Co. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 50.1% during the second quarter, HoldingsChannel reports. The firm owned 4,281,230 shares of the real estate investment trust’s stock after selling 4,299,754 shares during the quarter. JPMorgan Chase & Co.’s holdings in Alexandria Real Estate Equities were worth $310,946,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Analyst IMS Investment Management Services Ltd. boosted its stake in Alexandria Real Estate Equities by 48.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock worth $52,415,000 after buying an additional 235,093 shares during the period. Bank of Montreal Can lifted its holdings in shares of Alexandria Real Estate Equities by 10.7% in the 2nd quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock worth $29,511,000 after acquiring an additional 39,117 shares during the last quarter. Washburn Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $949,000. Penserra Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 46.3% during the 2nd quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after purchasing an additional 5,994 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $359,000. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ARE. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. BNP Paribas Exane dropped their price objective on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a report on Tuesday, October 28th. Citigroup reaffirmed a “neutral” rating on shares of Alexandria Real Estate Equities in a research report on Monday, November 3rd. Finally, 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 research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $76.85.

Alexandria Real Estate Equities Stock Up 0.7%

Shares of NYSE ARE opened at $51.25 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $48.66 and a 52-week high of $112.42. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of -20.75, a PEG ratio of 5.06 and a beta of 1.29. The stock has a 50 day moving average price of $69.81 and a 200 day moving average price of $73.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 company’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 earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 10.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -213.77%.

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.