Hsbc Holdings PLC Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Hsbc Holdings PLC reduced their stake in Alexandria Real Estate Equities by 22.9%, now holding approximately 840,025 shares valued at $77.68 million.
• Alexandria Real Estate Equities reported an EPS of $2.33 for its latest quarter, surpassing analysts' expectations, yet its revenue fell .6% year-over-year.
• The company announced a quarterly dividend of $1.32 per share, equating to an annual yield of 6.8%, despite a >-4000% payout ratio.

Hsbc Holdings PLC decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 22.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 840,025 shares of the real estate investment trust's stock after selling 250,024 shares during the period. Hsbc Holdings PLC owned 0.49% of Alexandria Real Estate Equities worth $77,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ARE. Colonial Trust Co SC increased its position in Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $32,000. TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $34,000. Finally, Cromwell Holdings LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Baird R W cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. BNP Paribas Exane cut their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. cut their price objective 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. Finally, Royal Bank Of Canada cut their price objective 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. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $97.17.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $0.42 during trading on Monday, reaching $80.51. The company had a trading volume of 603,260 shares, compared to its average volume of 1,592,885. The firm has a 50-day simple moving average of $76.39 and a 200-day simple moving average of $81.22. The company has a market cap of $13.92 billion, a price-to-earnings ratio of -618.72, a price-to-earnings-growth ratio of 6.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results 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. The company 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%. Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio 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.