Adelante Capital Management LLC Sells 263,602 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Adelante Capital Management LLC significantly reduced its stake in Alexandria Real Estate Equities by 73.7%, now holding 94,287 shares valued at approximately $8.72 million.
• Alexandria Real Estate Equities reported earnings of $2.33 per share for the last quarter, exceeding analysts' expectations but showing a revenue decline of 0.6% year-over-year.
• The company declared a quarterly dividend of $1.32 per share, representing an annualized yield of 6.2%, despite an extremely high dividend payout ratio.

Adelante Capital Management LLC lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 73.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,287 shares of the real estate investment trust's stock after selling 263,602 shares during the quarter. Adelante Capital Management LLC owned about 0.05% of Alexandria Real Estate Equities worth $8,722,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Presima Securities ULC raised its holdings in Alexandria Real Estate Equities by 1.4% during the 1st quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock worth $1,100,000 after purchasing an additional 170 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Alexandria Real Estate Equities by 1.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,831 shares of the real estate investment trust's stock valued at $3,870,000 after purchasing an additional 511 shares during the period. NewEdge Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock valued at $290,000 after buying an additional 3,068 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after buying an additional 11,762 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Alexandria Real Estate Equities by 511.9% during the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust's stock worth $140,416,000 after acquiring an additional 1,269,795 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 0.5%

ARE traded up $0.45 during trading on Wednesday, reaching $84.17. 1,326,938 shares of the stock were exchanged, compared to its average volume of 1,114,958. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock's 50 day moving average price is $78.70 and its two-hundred day moving average price is $80.24. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The stock has a market cap of $14.56 billion, a P/E ratio of 8.92, 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 issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The business 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%. Alexandria Real Estate Equities's revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued 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 6.3%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Wall Street Analysts Forecast Growth

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