Dimensional Fund Advisors LP Decreases Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Alexandria Real Estate Equities by 2.6%, selling 61,862 shares, leaving it with approximately 2.29 million shares valued at $211.86 million.
• Several hedge funds have increased their positions in Alexandria, with Bank of America Corp DE growing its stake by 218.1% during the last quarter.
• Alexandria Real Estate Equities recently declared a quarterly dividend of $1.32, representing a 6.8% yield, despite a notably high payout ratio of -4,061.54%.

Dimensional Fund Advisors LP lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,289,990 shares of the real estate investment trust's stock after selling 61,862 shares during the quarter. Dimensional Fund Advisors LP owned about 1.32% of Alexandria Real Estate Equities worth $211,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Colonial Trust Co SC increased its stake in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 252 shares during the last quarter. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter worth $30,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the first quarter worth $32,000. TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter worth $34,000. Finally, Cromwell Holdings LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter worth $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research reports. Baird R W dropped their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Royal Bank Of Canada dropped their price objective 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. Wedbush dropped their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Up 4.5%

ARE traded up $3.46 on Friday, hitting $80.87. 1,139,365 shares of the company were exchanged, compared to its average volume of 1,526,582. The company has a market cap of $13.99 billion, a price-to-earnings ratio of -622.08, a price-to-earnings-growth ratio of 6.80 and a beta of 1.24. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $76.39 and a two-hundred day moving average price of $81.22. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million during 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%.Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is -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.