Amundi Boosts Position in Alexandria Real Estate Equities, Inc. $ARE

Amundi raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 800,479 shares of the real estate investment trust’s stock after acquiring an additional 22,820 shares during the period. Amundi’s holdings in Alexandria Real Estate Equities were worth $64,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Alexandria Real Estate Equities in the second quarter valued at $1,195,306,000. AQR Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 511.9% in the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock worth $140,416,000 after buying an additional 1,269,795 shares during the last quarter. Invesco Ltd. boosted 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. DAVENPORT & Co LLC grew its holdings 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 worth $60,814,000 after acquiring an additional 791,712 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its position in Alexandria Real Estate Equities by 89.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after acquiring an additional 554,236 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ARE shares. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a report on Wednesday, October 1st. Royal Bank Of Canada decreased 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. Jefferies Financial Group set a $62.00 price target on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Finally, BMO Capital Markets set a $60.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday. Four 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 stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $72.43.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $44.96 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.24. The company has a fifty day moving average of $62.80 and a two-hundred day moving average of $72.37. The stock has a market capitalization of $7.77 billion, a PE ratio of -18.20, a P/E/G ratio of 3.91 and a beta of 1.32. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $107.19.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). The company had revenue of $751.94 million during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share repurchase plan on Monday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently -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.