Clear Harbor Asset Management LLC Acquires New Shares in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Clear Harbor Asset Management LLC acquired a new stake in Alexandria Real Estate Equities, purchasing 4,441 shares valued at approximately $323,000.
• Alexandria Real Estate Equities recently announced a quarterly dividend of $1.32 per share, representing a 6.1% yield.
• Analyst ratings for Alexandria Real Estate Equities show a consensus average rating of "Hold" with a target price of $98.38, with some brokerages adjusting their price objectives significantly.

Clear Harbor Asset Management LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,441 shares of the real estate investment trust's stock, valued at approximately $323,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in shares of 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 purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted 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 purchasing an additional 153 shares during the last quarter. Presima Securities ULC boosted its position in Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock valued at $1,100,000 after buying an additional 170 shares in the last quarter. CX Institutional grew its stake in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock worth $105,000 after buying an additional 175 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC increased its holdings in shares of Alexandria Real Estate Equities by 3.8% during the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after buying an additional 180 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARE. Baird R W reduced their price objective 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 note on Thursday, June 12th. BMO Capital Markets started coverage on Alexandria Real Estate Equities in a research note on Tuesday. They issued an "outperform" rating and a $100.00 price objective for the company. Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Finally, Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $91.00 to $104.00 in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $98.38.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $87.00 on Wednesday. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.60. The firm has a fifty day simple moving average of $80.37 and a 200 day simple moving average of $79.20. The company has a market capitalization of $15.05 billion, a PE ratio of -669.26, a P/E/G ratio of 7.21 and a beta of 1.30. 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 issued its quarterly 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 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 analysts' expectations of $748.02 million. During the same quarter in the prior year, the firm posted $2.36 earnings per share. The business's quarterly 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 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid 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 yield of 6.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

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.

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