Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has reduced its holdings in Alexandria Real Estate Equities by 3.7%, now owning approximately 290,065 shares worth about $26.83 million after selling 11,223 shares.
• Alexandria Real Estate Equities recently announced a quarterly dividend of $1.32, with a dividend yield of 6.3%, scheduled for payment on October 15th.
• The company reported a negative net margin of 0.33% and a revenue decline of 0.6% year-over-year, with quarterly earnings per share of $2.33, beating estimates by $0.04.

Alliancebernstein L.P. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,065 shares of the real estate investment trust's stock after selling 11,223 shares during the period. Alliancebernstein L.P. owned about 0.17% of Alexandria Real Estate Equities worth $26,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tsfg LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. Avalon Trust Co purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $32,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $34,000. Cromwell Holdings LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $36,000. Finally, AlphaQuest LLC increased its stake in shares of Alexandria Real Estate Equities by 370.5% during the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.2%

ARE traded up $0.16 during trading hours on Monday, hitting $85.08. 166,136 shares of the company's stock were exchanged, compared to its average volume of 1,555,944. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.63. The firm has a 50 day moving average of $79.18 and a 200 day moving average of $79.79. The firm has a market cap of $14.71 billion, a P/E ratio of -653.40, a price-to-earnings-growth ratio of 7.13 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 announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to the consensus estimate 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 company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of research reports. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Royal Bank Of Canada dropped their price objective on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of 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. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.