Adage Capital Partners GP L.L.C. Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Adage Capital Partners GP L.L.C. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,600 shares of the real estate investment trust's stock, valued at approximately $981,000.

A number of other hedge funds have also recently made changes to their positions in ARE. Mercer Global Advisors Inc. ADV purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $407,000. Cary Street Partners Financial LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $50,000. Cetera Investment Advisers raised its holdings in shares of Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after purchasing an additional 6,741 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of Alexandria Real Estate Equities by 11.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 71,561 shares of the real estate investment trust's stock valued at $6,981,000 after purchasing an additional 7,078 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARE. Mizuho reduced their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Citigroup reduced their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Baird R W reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Up 0.5%

NYSE:ARE traded up $0.45 during midday trading on Wednesday, hitting $84.17. 1,326,938 shares of the company were exchanged, compared to its average volume of 1,114,958. The company has a fifty day simple moving average of $78.70 and a 200 day simple moving average of $80.24. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14.56 billion, a PE ratio of -647.48, a price-to-earnings-growth ratio of 7.03 and a beta of 1.30.

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 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analyst estimates 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%. Alexandria Real Estate Equities's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities's payout ratio is currently -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.