Abundance Wealth Counselors Grows Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Abundance Wealth Counselors increased its stake in Alexandria Real Estate Equities by 28.6% during the second quarter, owning 19,806 shares valued at $1,500,000.
• Several analysts have adjusted their ratings on Alexandria Real Estate Equities, with Evercore ISI upgrading it to "outperform" and setting a price target of $104.00, while BNP Paribas downgraded the stock to "strong sell" with a price target of $82.00.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, translating to an annualized dividend of $5.28 and a dividend yield of 6.3%.

Abundance Wealth Counselors raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 28.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,806 shares of the real estate investment trust's stock after buying an additional 4,399 shares during the period. Abundance Wealth Counselors' holdings in Alexandria Real Estate Equities were worth $1,500,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $30,000. Sound Income Strategies LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $25,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $32,000. TruNorth Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $34,000. Finally, Cromwell Holdings LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARE. Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. BNP Paribas Exane restated an "underperform" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, BNP Paribas lowered Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price target for the company. in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $96.60.

Alexandria Real Estate Equities Trading Up 0.2%

ARE stock opened at $83.64 on Friday. 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 12-month low of $67.37 and a 12-month high of $123.10. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of -643.35, a PEG ratio of 7.01 and a beta of 1.31. The business's 50-day moving average is $80.95 and its 200 day moving average is $78.61.

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 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio 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.

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