First Pacific Financial Acquires New Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• First Pacific Financial has acquired a new position in Alexandria Real Estate Equities, Inc., purchasing 24,490 shares valued at approximately $1,779,000 in the 2nd quarter.
• Analysts have mixed opinions on Alexandria Real Estate Equities, with Evercore ISI upgrading their rating to "outperform" and raising the price target to $104, while several others have adjusted their price targets downward.
• The company's recent quarterly earnings showed an EPS of $2.33, slightly above expectations, but revenue decreased year-over-year, prompting a dividend announcement of $1.32 per share, reflecting a 6.3% yield.

First Pacific Financial acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,490 shares of the real estate investment trust's stock, valued at approximately $1,779,000.

Several other institutional investors have also made changes to their positions in the stock. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $25,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 1st quarter valued at $32,000. TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $34,000. Finally, Cromwell Holdings LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth $36,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Cantor Fitzgerald set a $88.00 price target on Alexandria Real Estate Equities and gave the stock a "neutral" rating in a research note on Wednesday. Mizuho decreased their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Royal Bank Of Canada cut their price objective 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. Finally, Baird R W lowered their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus price target of $97.64.

Alexandria Real Estate Equities Stock Down 1.3%

Shares of ARE opened at $83.31 on Wednesday. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of -640.85, a PEG ratio of 7.09 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $123.10. 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's 50-day moving average price is $80.92 and its 200-day moving average price is $78.69.

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 the consensus estimate of $2.29 by $0.04. The firm 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 business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company 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 payout ratio is -4,061.54%.

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.

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