Earnest Partners LLC Grows Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Earnest Partners LLC increased its holdings in Alexandria Real Estate Equities by 5.5%, owning 505,695 shares valued at approximately $46.78 million as of the latest SEC filing.
• Alexandria Real Estate Equities reported earnings of $2.33 per share for the last quarter, surpassing analysts' expectations, but its revenue decreased by 0.6% year-over-year.
• The company recently declared a quarterly dividend of $1.32, yielding an annualized dividend of $5.28, despite a significant negative dividend payout ratio of -4,061.54%.

Earnest Partners LLC lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 505,695 shares of the real estate investment trust's stock after buying an additional 26,226 shares during the period. Earnest Partners LLC owned approximately 0.29% of Alexandria Real Estate Equities worth $46,782,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Colonial Trust Co SC increased its holdings in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after buying an additional 252 shares during the period. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at $32,000. TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at $34,000. Finally, Cromwell Holdings LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Mizuho reduced their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Baird R W reduced their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $97.17.

Alexandria Real Estate Equities Stock Up 0.8%

Shares of NYSE:ARE traded up $0.61 during trading on Monday, reaching $82.44. 890,800 shares of the stock traded hands, compared to its average volume of 1,388,878. The stock has a 50-day moving average of $77.40 and a two-hundred day moving average of $80.73. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $14.26 billion, a P/E ratio of -634.18, a price-to-earnings-growth ratio of 6.92 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted 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 firm 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 company posted $2.36 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities 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.