6,249 Shares in Alexandria Real Estate Equities, Inc. $ARE Bought by Sivia Capital Partners LLC

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 purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,249 shares of the real estate investment trust's stock, valued at approximately $454,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Alexandria Real Estate Equities by 19.2% in the first 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 in the last quarter. American Assets Investment Management LLC purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $569,000. Wellington Management Group LLP increased its holdings in Alexandria Real Estate Equities by 33.9% in the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after buying an additional 9,295 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Alexandria Real Estate Equities by 4.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust's stock valued at $1,091,000 after buying an additional 463 shares in the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $1,215,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARE shares. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and increased their target price for the company from $91.00 to $104.00 in a report on Monday, September 15th. Citigroup lowered their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Royal Bank Of Canada lowered their price target on shares of 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. Finally, Mizuho lowered their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $98.25.

Alexandria Real Estate Equities Trading Down 1.0%

Shares of ARE stock traded down $0.85 during mid-day 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 company's 50 day simple moving average is $80.03 and its 200-day simple moving average is $79.41. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.60. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $14.98 billion, a PE ratio of -666.19, a price-to-earnings-growth ratio of 7.24 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same quarter last year, the firm posted $2.36 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid 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 payout ratio is -4,061.54%.

Alexandria Real Estate Equities 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.