Ethic Inc. Sells 5,619 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Ethic Inc. reduced its holdings in Alexandria Real Estate Equities by 42.1%, now owning 7,719 shares worth $704,000 after selling 5,619 shares.
• A number of hedge funds, including Jump Financial LLC, have increased their shares in Alexandria Real Estate Equities, with Jump Financial raising its stake by 48.3%.
• Alexandria Real Estate's latest earnings report showed $2.33 EPS, slightly surpassing the consensus estimate, although revenue was down 0.6% year-over-year.

Ethic Inc. trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 42.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,719 shares of the real estate investment trust's stock after selling 5,619 shares during the period. Ethic Inc.'s holdings in Alexandria Real Estate Equities were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Aberdeen Group plc lifted its holdings in shares of Alexandria Real Estate Equities by 72.0% in the first quarter. Aberdeen Group plc now owns 235,428 shares of the real estate investment trust's stock valued at $21,824,000 after purchasing an additional 98,581 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Alexandria Real Estate Equities during the first quarter worth about $256,000. Inspire Trust Co. N.A. raised its holdings in Alexandria Real Estate Equities by 15.4% during the first quarter. Inspire Trust Co. N.A. now owns 15,000 shares of the real estate investment trust's stock worth $1,388,000 after acquiring an additional 2,000 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Alexandria Real Estate Equities by 500.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 88,516 shares of the real estate investment trust's stock worth $8,189,000 after acquiring an additional 73,780 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Alexandria Real Estate Equities by 5.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,663 shares of the real estate investment trust's stock worth $524,000 after acquiring an additional 305 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $0.49 on Tuesday, hitting $80.91. The stock had a trading volume of 1,814,268 shares, compared to its average volume of 1,511,917. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The business's 50 day moving average is $76.74 and its two-hundred day moving average is $81.11. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of -622.39, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to analysts' expectations 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 in the previous year, the company posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARE shares. Mizuho dropped their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. BNP Paribas Exane dropped their target price on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Wedbush dropped their target price on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup dropped their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $97.17.

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.