Generali Asset Management SPA SGR Purchases 5,295 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Generali Asset Management SPA SGR increased its stake in Alexandria Real Estate Equities, acquiring an additional 5,295 shares and raising its ownership by 40.6% during the 2nd quarter, bringing its total shares to 18,343.
• Alexandria Real Estate Equities reported $2.33 EPS for the last quarter, beating estimates by $0.04, but saw a 0.6% decline in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.32 per share, resulting in an annual yield of 7.0%, with a significant negative dividend payout ratio of -4,061.54%.

Generali Asset Management SPA SGR grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,343 shares of the real estate investment trust's stock after buying an additional 5,295 shares during the quarter. Generali Asset Management SPA SGR's holdings in Alexandria Real Estate Equities were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $25,000. American National Bank & Trust bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $29,000. Tsfg LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $30,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $34,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.2%

ARE opened at $75.07 on Friday. The company has a fifty day moving average price of $80.79 and a 200-day moving average price of $77.14. The firm has a market capitalization of $12.98 billion, a P/E ratio of -577.45, a price-to-earnings-growth ratio of 6.32 and a beta of 1.31. 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 one year low of $67.37 and a one year high of $122.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its 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. 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 during the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the business 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. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.0%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, October 6th. They issued a "hold" rating and a $80.00 price target on the stock. Cantor Fitzgerald reduced their price objective on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. BMO Capital Markets started coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price objective for the company. BNP Paribas lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price objective for the company. in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $95.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.