Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Thompson Investment Management Inc.

Key Points

• Thompson Investment Management Inc. increased its stake in Alexandria Real Estate Equities by 228.8%, acquiring an additional 80,367 shares, bringing its total ownership to 115,489 shares, valued at approximately $8.39 million.
• The company announced a quarterly dividend of $1.32 per share, which translates to an annualized dividend of $5.28 and a yield of 7.1%.
• Analysts have mixed reviews on the stock; while some have downgraded it, Evercore ISI upgraded it from "in-line" to "outperform" with a revised price target of $104.00.

Thompson Investment Management Inc. lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 228.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,489 shares of the real estate investment trust's stock after acquiring an additional 80,367 shares during the period. Alexandria Real Estate Equities accounts for approximately 1.2% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 28th biggest holding. Thompson Investment Management Inc. owned about 0.07% of Alexandria Real Estate Equities worth $8,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $25,000. American National Bank & Trust acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $29,000. Tsfg LLC acquired a new position in Alexandria Real Estate Equities during the first quarter valued at $30,000. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities in the first quarter valued at $32,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BNP Paribas cut shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price objective on the stock. in a research note on Wednesday, October 1st. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Wednesday. Mizuho reduced their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Royal Bank Of Canada decreased their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Finally, Evercore ISI upgraded 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 report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $96.47.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $74.39 on Friday. 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 12 month low of $67.37 and a 12 month high of $123.10. The firm has a market capitalization of $12.87 billion, a P/E ratio of -572.23, a P/E/G ratio of 6.32 and a beta of 1.31. The company's fifty day moving average price is $80.87 and its 200 day moving average price is $77.95.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid 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%.

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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