Consolidated Portfolio Review Corp Raises Position in Alexandria Real Estate Equities, Inc. $ARE

Consolidated Portfolio Review Corp grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 88.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,319 shares of the real estate investment trust's stock after purchasing an additional 4,854 shares during the period. Consolidated Portfolio Review Corp's holdings in Alexandria Real Estate Equities were worth $750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARE. Sound Income Strategies LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $25,000. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth $29,000. Tsfg LLC purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth $32,000. Finally, TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $83.45 on Thursday. The business's 50-day moving average is $80.92 and its two-hundred day moving average is $78.72. The company has a market capitalization of $14.43 billion, a P/E ratio of -641.95, a P/E/G ratio of 7.00 and a beta of 1.31. 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 fifty-two week low of $67.37 and a fifty-two week high of $123.10.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.32 per share. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.3%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARE. Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Royal Bank Of Canada reduced 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 note on Tuesday, July 29th. Baird R W reduced their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. BNP Paribas Exane restated an "underperform" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, BNP Paribas lowered Alexandria Real Estate Equities to an "underperform" rating and set a $82.00 target price for the company. in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $96.60.

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.