Three Seasons Wealth LLC Acquires Shares of 8,554 Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Three Seasons Wealth LLC acquired 8,554 shares of Alexandria Real Estate Equities, Inc. for around $633,000, marking a new investment by the firm in the real estate investment trust.
• Alexandria Real Estate Equities reported a Q2 earnings per share of $2.33, which surpassed estimates, although the company experienced a slight revenue decline of 0.6% compared to the same quarter last year.
• The company announced a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.0%, with a payout ratio of -4,061.54%.

Three Seasons Wealth LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,554 shares of the real estate investment trust's stock, valued at approximately $633,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock worth $157,063,000 after purchasing an additional 1,468,644 shares in the last quarter. AQR Capital Management LLC increased its position in Alexandria Real Estate Equities by 511.9% in the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust's stock valued at $140,416,000 after acquiring an additional 1,269,795 shares in the last quarter. Invesco Ltd. increased its position in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after acquiring an additional 882,963 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alexandria Real Estate Equities by 79.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock valued at $114,122,000 after acquiring an additional 544,358 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $41,457,000. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARE. 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. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday. They issued an "outperform" rating and a $100.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $98.38.

Alexandria Real Estate Equities Trading Up 1.5%

NYSE:ARE traded up $1.27 during mid-day trading on Tuesday, hitting $87.16. 235,024 shares of the company's stock were exchanged, compared to its average volume of 1,559,764. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.60. The company has a 50 day simple moving average of $80.18 and a 200-day simple moving average of $79.15. The firm has a market capitalization of $15.08 billion, a P/E ratio of -670.12, a PEG ratio of 7.24 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's dividend 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.