KLP Kapitalforvaltning AS Reduces Holdings in Alexandria Real Estate Equities, Inc. $ARE

KLP Kapitalforvaltning AS lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 35.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,790 shares of the real estate investment trust’s stock after selling 31,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Alexandria Real Estate Equities were worth $4,115,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of 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 worth $291,198,000 after buying an additional 882,963 shares during the last quarter. Northern Trust Corp increased its stake in shares of Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after buying an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Alexandria Real Estate Equities by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock worth $234,067,000 after buying an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after buying an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Alexandria Real Estate Equities by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust’s stock worth $152,322,000 after buying an additional 36,468 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Cantor Fitzgerald set a $88.00 price target on shares of Alexandria Real Estate Equities and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday. BMO Capital Markets started 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 target price for the company. BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reduced 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 report on Tuesday, July 29th. Four investment 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. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $96.47.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $73.98 on Friday. The company has a market capitalization of $12.80 billion, a P/E ratio of -569.08, a PEG ratio of 6.25 and a beta of 1.31. The company has a 50-day simple moving average of $80.83 and a 200 day simple moving average of $77.80. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $123.10. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 7.1%. Alexandria Real Estate Equities’s dividend payout ratio is presently -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.