Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 114.8% in the second quarter, Holdings Channel.com reports. The fund owned 757,533 shares of the real estate investment trust’s stock after buying an additional 404,938 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Alexandria Real Estate Equities were worth $55,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Sound Income Strategies LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $27,000. American National Bank & Trust purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at about $29,000. AlphaQuest LLC boosted its position in shares of Alexandria Real Estate Equities by 370.5% in the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 326 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Alexandria Real Estate Equities by 431.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 548 shares during the period. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citizens Jmp lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. BMO Capital Markets set a $60.00 price target on Alexandria Real Estate Equities in a research note on Thursday. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a report on Wednesday, October 1st. Cantor Fitzgerald cut their price objective on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada reduced their target price 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. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.29.

Alexandria Real Estate Equities Stock Performance

ARE opened at $46.55 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $64.36 and its two-hundred day moving average price is $72.70. The firm has a market capitalization of $8.04 billion, a P/E ratio of -18.85, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32. Alexandria Real Estate Equities, Inc. has a 12-month low of $46.10 and a 12-month high of $107.19.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The business had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same quarter in the prior year, the firm earned $2.37 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.88 annualized dividend and a yield of 6.2%. Alexandria Real Estate Equities’s dividend payout ratio is currently -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.