Alexandria Real Estate Equities (NYSE:ARE) Releases Earnings Results

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04, Zacks reports. The business had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities updated its FY 2025 guidance to 9.160-9.360 EPS.

Alexandria Real Estate Equities Trading Up 2.9%

Shares of ARE traded up $2.34 during mid-day trading on Wednesday, reaching $83.03. The company had a trading volume of 3,142,688 shares, compared to its average volume of 1,419,986. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of -638.72, a price-to-earnings-growth ratio of 6.80 and a beta of 1.25. The firm has a fifty day simple moving average of $73.68 and a 200-day simple moving average of $84.69. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.22 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.36%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Analyst Ratings Changes

ARE has been the topic of several recent research reports. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Mizuho dropped their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Royal Bank Of Canada lowered their price target on Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. Finally, Wedbush dropped their price objective on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $99.54.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 4,261.1% in the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock valued at $290,000 after acquiring an additional 3,068 shares during the last quarter. Empowered Funds LLC boosted its holdings in Alexandria Real Estate Equities by 4.8% in the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust's stock valued at $597,000 after acquiring an additional 296 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock worth $610,000 after purchasing an additional 4,163 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Alexandria Real Estate Equities by 39.9% during the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock worth $1,204,000 after purchasing an additional 3,714 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after purchasing an additional 11,762 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

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.