Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Amundi

Key Points

• Amundi reduced its stake in Alexandria Real Estate Equities, Inc. by 11.3%, selling 98,991 shares during the first quarter, leaving it with a total of 777,659 shares.
• Several institutional investors have increased their holdings, with Invesco Ltd. boosting its position by 39%, now owning over 3.1 million shares.
• Alexandria Real Estate Equities recently announced a quarterly dividend of $1.32 per share, with a dividend yield of 6.2%, payable on October 15th.

Amundi decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,659 shares of the real estate investment trust's stock after selling 98,991 shares during the period. Amundi owned approximately 0.45% of Alexandria Real Estate Equities worth $68,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Alexandria Real Estate Equities by 218.1% in the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after acquiring an additional 798,438 shares during the last quarter. Private Trust Co. NA grew its position in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 149 shares during the period. ProShare Advisors LLC grew its position in Alexandria Real Estate Equities by 53.8% during the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after purchasing an additional 15,012 shares during the period. American Assets Investment Management LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $569,000. Finally, Cetera Investment Advisers grew its position in Alexandria Real Estate Equities by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after purchasing an additional 6,741 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 NYSE:ARE traded up $0.24 during trading on Friday, reaching $84.98. 1,559,968 shares of the company's stock traded hands, compared to its average volume of 1,114,906. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $14.70 billion, a PE ratio of -653.71, a P/E/G ratio of 7.12 and a beta of 1.30. The company has a 50-day simple moving average of $79.18 and a 200-day simple moving average of $80.07.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is presently -4,061.54%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report 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 on the stock in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus target price of $97.17.

About Alexandria Real Estate Equities

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.