Candriam S.C.A. Has $13.49 Million Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Candriam S.C.A. has significantly increased its stake in Alexandria Real Estate Equities by 575.3% in the first quarter, owning approximately 0.08% of the company, valued at $13.49 million.
• Several hedge funds, including UBS and Northern Trust Corp, have also made substantial increases to their holdings in Alexandria Real Estate Equities, reflecting a strong interest from institutional investors.
• Despite posting a quarterly earnings beat with an EPS of $2.33, the company's revenue fell by 0.6% year-over-year and shares have seen a 1.0% decline recently.

Candriam S.C.A. increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 575.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,813 shares of the real estate investment trust's stock after acquiring an additional 124,221 shares during the quarter. Candriam S.C.A. owned 0.08% of Alexandria Real Estate Equities worth $13,489,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Coldstream Capital Management Inc. increased its stake in Alexandria Real Estate Equities by 6.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 120 shares during the period. Private Trust Co. NA increased its stake in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC increased its stake in Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 153 shares during the period. Investor s Fiduciary Advisor Network LLC increased its stake in Alexandria Real Estate Equities by 3.8% in the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock valued at $457,000 after buying an additional 180 shares during the period. Finally, HM Payson & Co. increased its stake in Alexandria Real Estate Equities by 33.0% in the 1st quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.6%

Shares of ARE traded down $0.4560 during mid-day trading on Monday, hitting $80.4740. 603,260 shares of the company's stock were exchanged, compared to its average volume of 1,592,885. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The firm has a fifty day moving average of $76.39 and a two-hundred day moving average of $81.22. 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 stock has a market cap of $13.92 billion, a price-to-earnings ratio of -618.72, a P/E/G ratio of 6.80 and a beta of 1.24.

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 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 period last year, the business posted $2.36 EPS. Alexandria Real Estate Equities'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, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.6%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -4,061.54%.

Analysts Set New Price Targets

ARE has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Evercore ISI reduced their price target on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Baird R W reduced their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. BNP Paribas Exane reduced their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Citigroup dropped their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. 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, the stock has an average rating of "Hold" and a consensus price target 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.