Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.77 Million Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Alexandria Real Estate Equities by 18.7%, owning 19,088 shares valued at approximately $1.77 million after selling 4,400 shares in the first quarter.
• Wall Street analysts have lowered their price targets for Alexandria Real Estate Equities, with the average now at $97.17, and the stock currently holds a "Hold" rating.
• The company reported a quarterly earnings EPS of $2.33, beating estimates, while its revenue decreased by 0.6% year-over-year to $737.28 million.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,088 shares of the real estate investment trust's stock after selling 4,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Alexandria Real Estate Equities were worth $1,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 120 shares during the period. Private Trust Co. NA lifted its holdings in shares of Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 16.4% in the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 153 shares during the period. Investor s Fiduciary Advisor Network LLC lifted its holdings in shares of Alexandria Real Estate Equities by 3.8% during the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock valued at $457,000 after purchasing an additional 180 shares during the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Alexandria Real Estate Equities by 33.0% during the first quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 4.6%

Shares of Alexandria Real Estate Equities stock traded up $3.5710 during trading on Friday, reaching $80.9810. 708,488 shares of the company were exchanged, compared to its average volume of 1,596,501. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The business has a 50-day moving average price of $76.22 and a 200-day moving average price of $81.53. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of -623.19, a P/E/G ratio of 6.52 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same period in the previous year, the firm earned $2.36 earnings per share. The firm's quarterly 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. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on ARE. Citigroup reduced their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Baird R W dropped their price target 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 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 report on Tuesday, July 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average price target of $97.17.

About Alexandria Real Estate Equities

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.