First Bank & Trust Has $407,000 Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• First Bank & Trust reduced its holdings in Alexandria Real Estate Equities by 53.7% in the 2nd quarter, now owning 5,610 shares valued at approximately $407,000.
• Alexandria Real Estate Equities reported a quarterly EPS of $2.33, surpassing analyst expectations of $2.29, despite a 0.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.32 per share, providing a yield of 6.2%, with shareholders of record to be paid on October 15th.

First Bank & Trust cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 53.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,610 shares of the real estate investment trust's stock after selling 6,502 shares during the period. First Bank & Trust's holdings in Alexandria Real Estate Equities were worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its position in Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after acquiring an additional 882,963 shares during the period. Northern Trust Corp grew its position in 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 acquiring an additional 158,177 shares during the period. Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 2.6% in the first 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 period. Goldman Sachs Group Inc. grew its holdings in shares of Alexandria Real Estate Equities by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock worth $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.3% during the first 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 last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.85 during trading on Friday, hitting $86.61. The stock had a trading volume of 3,862,708 shares, compared to its average volume of 1,569,485. The company has a 50 day moving average price of $79.89 and a 200-day moving average price of $79.66. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of -666.19, a P/E/G ratio of 7.15 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.60. 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 (NYSE:ARE - Get Free Report) last announced 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 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 company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued 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%.

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.