Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 406,318 shares of the real estate investment trust’s stock after buying an additional 39,117 shares during the quarter. Bank of Montreal Can owned about 0.23% of Alexandria Real Estate Equities worth $29,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ARE. Analyst IMS Investment Management Services Ltd. lifted its position 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 valued at $52,415,000 after buying an additional 235,093 shares in the last quarter. SYM FINANCIAL Corp purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $359,000. American Assets Investment Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at $569,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $743,000. Finally, Versor Investments LP boosted its position in Alexandria Real Estate Equities by 274.9% during the 2nd quarter. Versor Investments LP now owns 11,805 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 8,656 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $53.16 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 52-week low of $52.94 and a 52-week high of $114.69. The stock’s 50 day moving average is $77.39 and its two-hundred day moving average is $75.74. The company has a market capitalization of $9.19 billion, a PE ratio of -21.52, a P/E/G ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its 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 business had revenue of $751.94 million for the quarter, compared to analysts’ expectations 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%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal 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 given a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.9%. Alexandria Real Estate Equities’s payout ratio is presently -213.77%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. BNP Paribas Exane reduced their price target on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 28th. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price target for the company. Royal Bank Of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, seven have issued 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 a consensus rating of “Hold” and a consensus price target of $86.93.

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.