AQR Capital Management LLC Increases Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• AQR Capital Management LLC significantly increased its holdings in Alexandria Real Estate Equities, boosting its position by 511.9% to a total of 1,517,842 shares, worth approximately $140.4 million.
• The company announced a quarterly dividend of $1.32 per share, yielding 6.5%, with the dividend scheduled for payment on October 15th.
• Despite a slight decrease in quarterly revenue, Alexandria's earnings per share for the last quarter exceeded analyst expectations, demonstrating strong performance amidst challenging conditions.

AQR Capital Management LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 511.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,517,842 shares of the real estate investment trust's stock after purchasing an additional 1,269,795 shares during the quarter. AQR Capital Management LLC owned approximately 0.88% of Alexandria Real Estate Equities worth $140,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alexandria Real Estate Equities by 1,038.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock worth $157,063,000 after purchasing an additional 1,468,644 shares during the period. Invesco Ltd. boosted 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 worth $291,198,000 after purchasing an additional 882,963 shares during the period. Bank of America Corp DE boosted its position in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after acquiring an additional 798,438 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Alexandria Real Estate Equities by 79.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock valued at $114,122,000 after acquiring an additional 544,358 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $27,640,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Up 2.1%

ARE traded up $1.77 during trading on Friday, reaching $84.66. The company had a trading volume of 1,007,727 shares, compared to its average volume of 1,166,656. The stock has a market cap of $14.64 billion, a P/E ratio of -651.19, a PEG ratio of 7.11 and a beta of 1.30. The business has a 50 day simple moving average of $78.26 and a 200-day simple moving average of $80.39. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping 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 business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same quarter last year, the firm posted $2.36 earnings per share. The business's revenue was down .6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.