Aberdeen Group plc Grows Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

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Aberdeen Group plc raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 72.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,428 shares of the real estate investment trust's stock after purchasing an additional 98,581 shares during the quarter. Aberdeen Group plc owned 0.14% of Alexandria Real Estate Equities worth $21,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. raised its stake in shares of Alexandria Real Estate Equities by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 120 shares during the last quarter. Private Trust Co. NA raised its stake in shares of 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 worth $86,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 worth $99,000 after purchasing an additional 153 shares during the last quarter. Investor s Fiduciary Advisor Network LLC raised its stake 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. Finally, HM Payson & Co. raised its stake in shares of Alexandria Real Estate Equities by 33.0% in the first quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 198 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $3.46 during trading hours on Friday, hitting $80.87. 1,139,365 shares of the company's stock traded hands, compared to its average volume of 1,559,881. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.63. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of -622.08, a PEG ratio of 6.81 and a beta of 1.24. The company has a fifty day simple moving average of $76.39 and a 200-day simple moving average of $81.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the business posted $2.36 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BNP Paribas Exane lowered their price objective on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada lowered their price objective 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. Baird R W decreased their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Citigroup reduced their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.17.

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.