Russell Investments Group Ltd. Increases Position in Alexandria Real Estate Equities, Inc. $ARE

Russell Investments Group Ltd. increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,261 shares of the real estate investment trust's stock after acquiring an additional 9,234 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Alexandria Real Estate Equities worth $13,257,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after buying an additional 252 shares in the last quarter. Tsfg LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $30,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $32,000. TruNorth Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $34,000. Finally, Cromwell Holdings LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth approximately $36,000. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARE. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Citigroup dropped their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Finally, Baird R W decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $97.17.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded down $0.1150 during mid-day trading on Thursday, hitting $77.3450. 444,191 shares of the company traded hands, compared to its average volume of 1,600,352. 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 has a 50-day moving average price of $76.13 and a two-hundred day moving average price of $81.65. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of -594.87, a P/E/G ratio of 6.59 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating 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 firm had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same period in the previous year, the company earned $2.36 earnings per share. The firm's quarterly 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. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is currently -4,061.54%.

About Alexandria Real Estate Equities

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.