3,293 Shares in Alexandria Real Estate Equities, Inc. $ARE Bought by Gries Financial LLC

Key Points

• Gries Financial LLC purchased 3,293 shares in Alexandria Real Estate Equities, valued at approximately $239,000, marking a new position in the real estate investment trust.
• A number of institutional investors have increased their stakes in Alexandria Real Estate Equities, indicating strong interest, with 96.54% of the stock now owned by institutional investors.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.1%, with a significant dividend payout ratio of -4,061.54%.

Gries Financial LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,293 shares of the real estate investment trust's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA lifted its stake in shares of Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 149 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Alexandria Real Estate Equities by 16.4% in the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 153 shares during the last quarter. Presima Securities ULC lifted its position in Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock valued at $1,100,000 after purchasing an additional 170 shares during the last quarter. CX Institutional boosted its stake in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 175 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC grew its holdings in shares of Alexandria Real Estate Equities by 3.8% in the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after purchasing an additional 180 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARE. Mizuho lowered their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Baird R W lowered their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Citigroup lowered their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada cut their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $98.38.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $87.00 on Wednesday. The firm has a 50-day moving average of $80.37 and a 200 day moving average of $79.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $15.05 billion, a P/E ratio of -669.26, a PEG ratio of 7.21 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to the consensus estimate 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 for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.