Sivia Capital Partners LLC Makes New $454,000 Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Sivia Capital Partners LLC acquired 6,249 shares of Alexandria Real Estate Equities, Inc. for approximately $454,000, marking a significant investment in the real estate investment trust.
• The company recently announced a quarterly dividend of $1.32 per share, with a dividend yield of 6.2%, scheduled for payment on October 15th.
• Alexandria Real Estate Equities reported an EPS of $2.33 for the last quarter, exceeding expectations, although their quarterly revenue was down 0.6% year-over-year.

Sivia Capital Partners LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,249 shares of the real estate investment trust's stock, valued at approximately $454,000.

Several other large investors have also recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in 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 buying an additional 149 shares during the period. American Assets Investment Management LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth approximately $569,000. Wellington Management Group LLP lifted its position in Alexandria Real Estate Equities by 33.9% during the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after acquiring an additional 9,295 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Alexandria Real Estate Equities by 4.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust's stock worth $1,091,000 after acquiring an additional 463 shares in the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth approximately $1,215,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ARE. Mizuho dropped their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Finally, Baird R W dropped their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus price target of $98.25.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $0.85 during midday trading on Friday, reaching $86.61. The company's stock had a trading volume of 3,862,708 shares, compared to its average volume of 1,115,892. The stock has a fifty day moving average of $80.03 and a 200 day moving average of $79.56. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.60. The firm has a market capitalization of $14.98 billion, a PE ratio of -666.19, a P/E/G ratio of 7.35 and a beta of 1.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The business 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 net margin of 0.33% and a negative return on equity of 0.05%. The company's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

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.