Canada Pension Plan Investment Board Decreases Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• The Canada Pension Plan Investment Board has reduced its holdings in Alexandria Real Estate Equities, Inc. by 8.6%, owning approximately 2.17% of the company, valued at $347.59 million.
• Several large investors, including Bank of America, have significantly increased their stakes in Alexandria Real Estate Equities, indicating strong interest in the company despite fluctuating stock prices.
• Analyst ratings for Alexandria Real Estate Equities have been downgraded, with a consensus target price now at $97.17, down from previous estimates exceeding $100.

Canada Pension Plan Investment Board decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,757,294 shares of the real estate investment trust's stock after selling 354,850 shares during the quarter. Canada Pension Plan Investment Board owned about 2.17% of Alexandria Real Estate Equities worth $347,587,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. State of Wyoming acquired a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $101,000. Lansforsakringar Fondforvaltning AB publ grew its stake in Alexandria Real Estate Equities by 1.8% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,046 shares of the real estate investment trust's stock valued at $1,762,000 after acquiring an additional 341 shares during the period. Earnest Partners LLC lifted its holdings in shares of Alexandria Real Estate Equities by 5.5% in the first quarter. Earnest Partners LLC now owns 505,695 shares of the real estate investment trust's stock valued at $46,782,000 after purchasing an additional 26,226 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Alexandria Real Estate Equities by 29.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 44,102 shares of the real estate investment trust's stock valued at $4,080,000 after purchasing an additional 10,037 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in Alexandria Real Estate Equities by 116.3% during the first quarter. Ieq Capital LLC now owns 78,235 shares of the real estate investment trust's stock worth $7,238,000 after acquiring an additional 42,071 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $1.51 during mid-day trading on Tuesday, reaching $80.93. 1,219,257 shares of the company traded hands, compared to its average volume of 1,581,091. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. 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 market capitalization of $14.00 billion, a price-to-earnings ratio of -622.52, a price-to-earnings-growth ratio of 6.92 and a beta of 1.30. The firm's fifty day moving average is $77.59 and its two-hundred day moving average is $80.65.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the prior year, the business posted $2.36 EPS. Alexandria Real Estate Equities's revenue for the quarter 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 research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.5%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -4,061.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARE shares. Citigroup lowered their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. 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 decreased 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. JPMorgan Chase & Co. cut their price target on 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. Finally, Baird R W cut their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average price target of $97.17.

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.