Advocate Group LLC Acquires 11,449 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Advocate Group LLC increased its stake in Alexandria Real Estate Equities by 30.6%, acquiring an additional 11,449 shares, bringing its total holdings to 48,845 shares valued at approximately $3.55 million.
• The company's stock price opened at $73.98, with a 52-week range between $67.37 and $123.10, indicating potential volatility.
• Alexandria Real Estate Equities recently declared a quarterly dividend of $1.32 per share, which provides a dividend yield of 7.1%, despite a concerning dividend payout ratio of -4,061.54%.

Advocate Group LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 30.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,845 shares of the real estate investment trust's stock after purchasing an additional 11,449 shares during the period. Advocate Group LLC's holdings in Alexandria Real Estate Equities were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ARE. AQR Capital Management LLC grew its position in Alexandria Real Estate Equities by 511.9% in the first 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 purchasing an additional 1,269,795 shares in the last quarter. Invesco Ltd. grew its position in Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after purchasing an additional 882,963 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Alexandria Real Estate Equities by 1,796.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust's stock valued at $60,814,000 after acquiring an additional 791,712 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 during the period. Finally, Strs Ohio bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $41,457,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $73.98 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $123.10. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $80.83 and a two-hundred day simple moving average of $77.68. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of -569.08, a price-to-earnings-growth ratio of 6.21 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same quarter in the previous year, the company earned $2.36 EPS. The business's revenue 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. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARE. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $91.00 to $104.00 in a research report on Monday, September 15th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, October 6th. They issued a "hold" rating and a $80.00 price objective for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Wednesday. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price objective for the company. in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald set a $88.00 price objective on shares of Alexandria Real Estate Equities and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $96.47.

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.

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