Goldman Sachs Group Inc. Acquires 330,673 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Goldman Sachs Group Inc. increased its stake in Alexandria Real Estate Equities by 21.8%, acquiring an additional 330,673 shares, bringing its total holdings to approximately 1.07% of the company, valued at $171.1 million.
• Alexandria Real Estate Equities recently announced a quarterly dividend of $1.32 per share, representing an annualized yield of 6.3%, with the next payment scheduled for October 15th.
• Despite a positive earnings report showing an EPS of $2.33, Alexandria's stock price predictions from analysts have seen decreases, with targets ranging from $74.00 to $102.00.

Goldman Sachs Group Inc. raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,849,582 shares of the real estate investment trust's stock after purchasing an additional 330,673 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.07% of Alexandria Real Estate Equities worth $171,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Trust Co. NA increased its stake 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 in the last quarter. ProShare Advisors LLC grew its holdings in Alexandria Real Estate Equities by 53.8% during the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after acquiring an additional 15,012 shares during the last quarter. American Assets Investment Management LLC acquired a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $569,000. Cetera Investment Advisers raised its stake in shares of Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after acquiring an additional 6,741 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Alexandria Real Estate Equities by 33.9% during the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after purchasing an additional 9,295 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ARE shares. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. Mizuho decreased their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Citigroup dropped their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. decreased their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Up 0.5%

Shares of Alexandria Real Estate Equities stock opened at $84.17 on Thursday. The business has a fifty day simple moving average of $78.86 and a 200 day simple moving average of $80.27. The stock has a market cap of $14.56 billion, a PE ratio of -647.48, a price-to-earnings-growth ratio of 7.03 and a beta of 1.30. 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 12 month low of $67.37 and a 12 month high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The business had revenue of $737.28 million during 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 firm'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 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Research analysts predict 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 issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Alexandria Real Estate Equities Company 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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