GC Wealth Management RIA LLC Makes New $444,000 Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• GC Wealth Management RIA LLC invested approximately $444,000 in Alexandria Real Estate Equities, acquiring 6,116 shares during the 2nd quarter.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the latest quarter, beating estimates, but experienced a 0.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $1.32 per share, with a yield of 6.3%, payable on October 15th to shareholders of record by September 30th.

GC Wealth Management RIA LLC purchased 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 filing with the Securities and Exchange Commission. The fund purchased 6,116 shares of the real estate investment trust's stock, valued at approximately $444,000.

Several other hedge funds have also bought and sold shares of the stock. Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after purchasing an additional 882,963 shares in the last quarter. Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities by 6.2% during the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock valued at $251,959,000 after buying an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock valued at $234,067,000 after buying an additional 63,997 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock valued at $171,105,000 after buying an additional 330,673 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock valued at $152,322,000 after buying an additional 36,468 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $83.31 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $123.10. The firm has a market capitalization of $14.41 billion, a P/E ratio of -640.85, a price-to-earnings-growth ratio of 7.09 and a beta of 1.30. The company's 50-day moving average is $80.92 and its 200 day moving average is $78.69.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping 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 company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the prior year, the company posted $2.36 EPS. The firm'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. Research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an "outperform" rating and a $100.00 target price on the stock. Baird R W decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Royal Bank Of Canada decreased their target price on shares of 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. Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Finally, Evercore ISI upgraded shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and upped their target price for the company from $91.00 to $104.00 in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $98.38.

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.

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