HighTower Advisors LLC Sells 7,310 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• HighTower Advisors LLC significantly reduced its stake in Alexandria Real Estate Equities, Inc. by 39.2%, leaving them with 11,352 shares valued at approximately $1,050,000.
• Multiple analysts have downgraded the target price for Alexandria Real Estate Equities, with significant cuts from firms like Royal Bank of Canada and Citigroup, indicating a more cautious outlook for the stock.
• The company reported an earnings per share (EPS) of $2.33 for the quarter, slightly exceeding analyst estimates, while also announcing a quarterly dividend of $1.32.

HighTower Advisors LLC trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,352 shares of the real estate investment trust's stock after selling 7,310 shares during the period. HighTower Advisors LLC's holdings in Alexandria Real Estate Equities were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ARE. Public Sector Pension Investment Board grew its stake in Alexandria Real Estate Equities by 2.1% during the 1st quarter. Public Sector Pension Investment Board now owns 41,198 shares of the real estate investment trust's stock valued at $3,811,000 after acquiring an additional 860 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $305,000. Entropy Technologies LP purchased a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $651,000. Invesco Ltd. increased its stake in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after buying an additional 882,963 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth approximately $241,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Baird R W lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Royal Bank Of Canada reduced 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 report on Tuesday, July 29th. Mizuho lowered their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Finally, Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Stock Up 0.8%

NYSE ARE traded up $0.61 during trading on Monday, hitting $82.44. 890,800 shares of the company traded hands, compared to its average volume of 1,388,878. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63. The business has a fifty day simple moving average of $77.59 and a 200 day simple moving average of $80.65. The company has a market capitalization of $14.26 billion, a P/E ratio of -634.18, a PEG ratio of 6.92 and a beta of 1.30. 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 (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same quarter in the prior year, the company posted $2.36 EPS. The firm's revenue was down .6% on a year-over-year basis. 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 EPS for the current year.

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.