Alexandria Real Estate Equities, Inc. $ARE Stock Holdings Decreased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd reduced its holdings in Alexandria Real Estate Equities by 22.3%, selling 108,218 shares during the first quarter, leaving them with 377,967 shares valued at approximately $34.97 million.
• Several analysts have downgraded Alexandria's stock target prices, with Baird R W reducing theirs from $129.00 to $102.00 and Citigroup dropping it from $110.00 to $74.00, contributing to an average target price of $97.17.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32, with a dividend yield of 6.2%, set to be paid on October 15th to shareholders of record.

UniSuper Management Pty Ltd lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 377,967 shares of the real estate investment trust's stock after selling 108,218 shares during the quarter. UniSuper Management Pty Ltd owned about 0.22% of Alexandria Real Estate Equities worth $34,966,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC boosted its holdings in shares of Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Tsfg LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $32,000. TruNorth Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at $34,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent research reports. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Baird R W decreased their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Royal Bank Of Canada decreased their price target on 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. Finally, Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Up 0.5%

ARE stock traded up $0.45 during trading on Wednesday, reaching $84.17. The stock had a trading volume of 1,326,938 shares, compared to its average volume of 1,565,676. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14.56 billion, a P/E ratio of -647.48, a PEG ratio of 7.19 and a beta of 1.30. The firm has a fifty day moving average price of $78.70 and a 200 day moving average price of $80.24.

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 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analyst estimates 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%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 6.3%. Alexandria Real Estate Equities's payout ratio is presently -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.