Alexandria Real Estate Equities, Inc. $ARE Position Cut by Gradient Investments LLC

Key Points

• Gradient Investments LLC significantly reduced its stake in Alexandria Real Estate Equities, Inc. by 85.4%, reducing its holdings to 18,730 shares as of the second quarter.
• Analysts have a mixed outlook, with some raising Alexandria's target price while others have cut it, resulting in a consensus rating of "Hold" and a price target of $98.25.
• The company announced a quarterly dividend of $1.32 per share, with a dividend yield of 6.2%, scheduled for payment on October 15th.

Gradient Investments LLC reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 85.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,730 shares of the real estate investment trust's stock after selling 109,863 shares during the quarter. Gradient Investments LLC's holdings in Alexandria Real Estate Equities were worth $1,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tsfg LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $30,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $32,000. TruNorth Capital Management LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $34,000. Cromwell Holdings LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $36,000. Finally, AlphaQuest LLC raised its stake in shares of Alexandria Real Estate Equities by 370.5% during the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ARE shares. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $91.00 to $104.00 in a report on Monday. Citigroup lowered their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Baird R W lowered their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Royal Bank Of Canada lowered their target price on 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. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.25.

Alexandria Real Estate Equities Trading Up 0.8%

NYSE:ARE opened at $85.56 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The stock's 50-day moving average is $79.39 and its two-hundred day moving average is $79.68. The stock has a market cap of $14.80 billion, a PE ratio of -658.16, a price-to-earnings-growth ratio of 7.13 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 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 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 firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities research analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.2%. Alexandria Real Estate Equities's payout ratio is presently -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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