Credit Agricole S A Increases Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Credit Agricole S A increased its stake in Alexandria Real Estate Equities by 8.6%, acquiring an additional 3,529 shares, bringing its total ownership to 44,690 shares worth approximately $4.13 million.
• Multiple institutional investors, including Korea Investment CORP, have also grown their stakes in Alexandria Real Estate Equities, with 96.54% of the stock owned by such investors.
• Brokerage firms have recently lowered their price targets for Alexandria Real Estate Equities, with an average target now at $97.17 and the consensus rating classified as "Hold".

Credit Agricole S A lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,690 shares of the real estate investment trust's stock after buying an additional 3,529 shares during the quarter. Credit Agricole S A's holdings in Alexandria Real Estate Equities were worth $4,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 39.0% in the first 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 during the period. Northern Trust Corp grew its stake in Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after purchasing an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 2.6% in the first 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 purchasing an additional 63,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alexandria Real Estate Equities by 1,038.4% in the fourth 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 purchasing an additional 1,468,644 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Alexandria Real Estate Equities by 24.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,491 shares of the real estate investment trust's stock worth $116,425,000 after purchasing an additional 231,469 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARE. Wedbush dropped their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Baird R W dropped their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. 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. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Citigroup dropped their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Performance

ARE traded up $1.03 on Wednesday, reaching $81.86. 485,603 shares of the stock were exchanged, compared to its average volume of 1,589,578. The company's 50-day moving average price is $76.74 and its 200 day moving average price is $81.11. 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 debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $14.16 billion, a PE ratio of -629.88, a PEG ratio of 6.76 and a beta of 1.24.

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, 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 company had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same quarter in the previous year, the firm posted $2.36 EPS. The firm'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 forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -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.