Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Alexandria Real Estate Equities by 117.1% during the second quarter, acquiring an additional 34,720 shares, bringing their total shares to 64,372 valued at roughly $4.95 million.
• Several analysts have recently revised their ratings for Alexandria Real Estate Equities, with Evercore ISI upgrading it to "outperform" and raising the price target from $91.00 to $104.00.
• The company announced a quarterly dividend of $1.32 per share, resulting in an annualized yield of 6.1%, with the ex-dividend date set for September 30th.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 117.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,372 shares of the real estate investment trust's stock after purchasing an additional 34,720 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Alexandria Real Estate Equities were worth $4,951,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ARE. Tsfg LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $30,000. Avalon Trust Co acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $32,000. TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $34,000. Cromwell Holdings LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $36,000. Finally, AlphaQuest LLC grew its holdings in Alexandria Real Estate Equities by 370.5% during the 1st quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 326 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the subject of several recent analyst reports. Evercore ISI raised shares of 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 report on Monday, September 15th. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. Baird R W decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday. They issued an "outperform" rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $98.38.

Alexandria Real Estate Equities Trading Down 1.2%

Shares of NYSE:ARE opened at $85.96 on Thursday. The company has a market cap of $14.87 billion, a PE ratio of -661.19, a P/E/G ratio of 7.30 and a beta of 1.30. The company's 50-day moving average price is $80.53 and its 200 day moving average price is $79.25. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.60. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

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 the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. Alexandria Real Estate Equities's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.