Border to Coast Pensions Partnership Ltd Trims Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Border to Coast Pensions Partnership Ltd reduced its stake in Alexandria Real Estate Equities by 25%, owning 150,000 shares worth approximately $10.9 million after selling 50,000 shares.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, with an annualized yield of 6.1%, payable to shareholders of record by September 30th.
• The earnings results for Alexandria Real Estate Equities showed an EPS of $2.33, slightly exceeding analyst expectations, despite a year-over-year revenue decline of 0.6%.

Border to Coast Pensions Partnership Ltd lowered its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 25.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the real estate investment trust's stock after selling 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.09% of Alexandria Real Estate Equities worth $10,895,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ARE. Invesco Ltd. grew its stake in Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after buying an additional 882,963 shares during the last quarter. Northern Trust Corp grew its position in shares of Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock valued at $251,959,000 after purchasing an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. grew 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 raised its holdings 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 worth $152,322,000 after purchasing an additional 36,468 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $0.85 during trading hours on Friday, reaching $86.61. The company had a trading volume of 3,862,708 shares, compared to its average volume of 1,252,068. The firm has a 50 day simple moving average of $80.03 and a 200-day simple moving average of $79.26. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.60. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of -666.19, a PEG ratio of 7.24 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results 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. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. The firm's revenue for the quarter 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. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.1%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of analyst reports. Baird R W decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Royal Bank Of Canada cut 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 research note on Tuesday, July 29th. Finally, Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $98.25.

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.