Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. has increased its stake in Alexandria Real Estate Equities by 1.0% during the second quarter, now owning 536,812 shares valued at approximately $38.99 million.
• In addition to Fort Washington, several institutional investors, including Invesco Ltd. and Northern Trust Corp, have also increased their stakes in Alexandria Real Estate Equities during the first quarter.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 to be paid on October 15th, showcasing an annualized payout of $5.28 with a yield of 6.3%.

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,812 shares of the real estate investment trust's stock after purchasing an additional 5,561 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.31% of Alexandria Real Estate Equities worth $38,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ARE. Invesco Ltd. increased its stake in Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after purchasing an additional 882,963 shares during the period. Northern Trust Corp boosted its stake in shares of Alexandria Real Estate Equities by 6.2% in the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock valued at $251,959,000 after buying an additional 158,177 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock valued at $234,067,000 after buying an additional 63,997 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock valued at $171,105,000 after buying an additional 330,673 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock valued at $152,322,000 after buying an additional 36,468 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $83.78 on Friday. The business has a 50 day moving average price of $80.74 and a 200 day moving average price of $78.88. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of -644.46, a PEG ratio of 7.04 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $123.76. 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 posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The firm 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 revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Analyst Upgrades and Downgrades

ARE has been the subject of several recent research reports. 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 for the company in a research note on Tuesday, July 29th. Evercore ISI upgraded 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 research note on Monday, September 15th. 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. Finally, BMO Capital Markets started coverage on Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $98.38.

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.

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