Swedbank AB Grows Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Swedbank AB increased its stake in Alexandria Real Estate Equities, Inc. by 23.8% during the first quarter, owning approximately 0.07% of the company valued at $11.46 million.
• The company recently reported $2.33 EPS for the quarter, exceeding estimates, despite a 0.6% year-over-year decline in revenue.
• Alexandria Real Estate Equities declared a quarterly dividend of $1.32 per share, representing a 6.2% yield.

Swedbank AB grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 23.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,880 shares of the real estate investment trust's stock after buying an additional 23,852 shares during the quarter. Swedbank AB owned 0.07% of Alexandria Real Estate Equities worth $11,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC lifted its holdings in shares of Alexandria Real Estate Equities by 10.7% during the 1st quarter. Inspire Investing LLC now owns 20,055 shares of the real estate investment trust's stock valued at $1,855,000 after buying an additional 1,934 shares during the period. Strs Ohio purchased a new position in Alexandria Real Estate Equities during the first quarter valued at $41,457,000. Mattson Financial Services LLC grew its holdings in Alexandria Real Estate Equities by 32.3% during the first quarter. Mattson Financial Services LLC now owns 9,562 shares of the real estate investment trust's stock valued at $885,000 after purchasing an additional 2,335 shares during the period. Focus Partners Wealth raised its stake in shares of Alexandria Real Estate Equities by 171.5% in the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock worth $610,000 after buying an additional 4,163 shares during the period. Finally, Anchor Investment Management LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $156,000. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARE. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $91.00 to $104.00 in a research note on Monday. Baird R W decreased their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho decreased their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Royal Bank Of Canada decreased their price objective 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. Finally, Citigroup decreased their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $98.25.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $0.85 on Friday, reaching $86.61. 3,862,708 shares of the company's stock traded hands, compared to its average volume of 1,115,892. 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 stock has a 50-day simple moving average of $80.03 and a 200-day simple moving average of $79.56. The firm has a market cap of $14.98 billion, a PE ratio of -666.19, a P/E/G ratio of 7.35 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.60.

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, beating analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to analyst estimates 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 business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last 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. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.32 per share. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -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.