Geneos Wealth Management Inc. Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Geneos Wealth Management Inc. has reduced its stake in Alexandria Real Estate Equities by 12.9%, selling 4,189 shares and holding 28,343 shares valued at $2,622,000.
• The quarterly earnings report revealed Alexandria Real Estate Equities earned $2.33 EPS, beating the consensus estimate by $0.04, while reporting a negative net margin of 0.33%.
• The company announced a quarterly dividend of $1.32 to be paid on October 15th, which equates to an annual yield of 6.2%.

Geneos Wealth Management Inc. cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 12.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,343 shares of the real estate investment trust's stock after selling 4,189 shares during the period. Geneos Wealth Management Inc.'s holdings in Alexandria Real Estate Equities were worth $2,622,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ARE. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $30,000. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $32,000. TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $34,000. Cromwell Holdings LLC acquired a new stake in Alexandria Real Estate Equities in the 1st quarter worth about $36,000. Finally, AlphaQuest LLC increased its stake in Alexandria Real Estate Equities by 370.5% during the 1st quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust's stock worth $38,000 after buying an additional 326 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARE. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. JPMorgan Chase & Co. reduced their price target 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. Evercore ISI raised shares of 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 report on Monday. 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. Finally, Baird R W lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $98.25.

Alexandria Real Estate Equities Trading Up 0.8%

NYSE:ARE traded up $0.64 on Monday, reaching $85.56. 1,284,182 shares of the company's stock were exchanged, compared to its average volume of 1,562,599. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of -658.16, a price-to-earnings-growth ratio of 7.13 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 $125.63. 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 business has a fifty day moving average of $79.18 and a 200-day moving average of $79.79.

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, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.2%. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

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.