BNP Paribas Financial Markets Reduces Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• BNP Paribas Financial Markets reduced its stake in Alexandria Real Estate Equities by 8.1%, selling 51,325 shares and now holding approximately 0.33% of the company valued at $53.6 million.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the last quarter, exceeding estimates, while revenue of $737.28 million was slightly below expectations.
• The company recently announced a quarterly dividend of $1.32 per share, with an annualized dividend yield of 6.4%.

BNP Paribas Financial Markets cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 579,455 shares of the real estate investment trust's stock after selling 51,325 shares during the quarter. BNP Paribas Financial Markets owned about 0.33% of Alexandria Real Estate Equities worth $53,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. increased its holdings 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 buying an additional 882,963 shares in the last quarter. Northern Trust Corp increased its holdings in Alexandria Real Estate Equities by 6.2% in the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after buying an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock worth $234,067,000 after buying an additional 63,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 buying an additional 1,468,644 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Alexandria Real Estate Equities by 79.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock worth $114,122,000 after buying an additional 544,358 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank Of Canada dropped their target price 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. Citigroup lowered their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. JPMorgan Chase & Co. lowered their price objective 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. Baird R W lowered their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, Mizuho lowered their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 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 company presently has an average rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded up $0.91 during trading hours on Thursday, reaching $82.47. The stock had a trading volume of 286,449 shares, compared to its average volume of 1,569,918. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. 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 50 day moving average price of $77.86 and a two-hundred day moving average price of $80.65. The stock has a market capitalization of $14.26 billion, a PE ratio of -632.98, a PEG ratio of 6.92 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) 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 the consensus estimate of $748.02 million. During the same quarter in the previous year, the company posted $2.36 EPS. The company'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. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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 dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.4%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

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.