Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC has increased its position in Alexandria Real Estate Equities, Inc. by **116.3%**, owning **78,235 shares** valued at **$7.24 million** after purchasing an additional **42,071 shares** in the first quarter.
• Alexandria Real Estate Equities reported **$2.33 EPS** for the quarter, surpassing estimates, but experienced a **0.6% decline** in quarterly revenue compared to the same period last year.
• The company declared a quarterly dividend of **$1.32 per share**, resulting in an annualized dividend of **$5.28** and a yield of **6.5%**, despite a high **dividend payout ratio** of **-4,061.54%**.

Ieq Capital LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 116.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,235 shares of the real estate investment trust's stock after purchasing an additional 42,071 shares during the quarter. Ieq Capital LLC's holdings in Alexandria Real Estate Equities were worth $7,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. Harvest Portfolios Group Inc. increased its position in shares of Alexandria Real Estate Equities by 7.6% during the first quarter. Harvest Portfolios Group Inc. now owns 9,673 shares of the real estate investment trust's stock worth $895,000 after acquiring an additional 683 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Alexandria Real Estate Equities by 35.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 21,017 shares of the real estate investment trust's stock worth $1,944,000 after purchasing an additional 5,485 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in Alexandria Real Estate Equities by 18.7% during the 1st quarter. Freedom Investment Management Inc. now owns 6,927 shares of the real estate investment trust's stock worth $641,000 after purchasing an additional 1,091 shares during the period. Synovus Financial Corp purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $246,000. Finally, Walleye Capital LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $855,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

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

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $1.69 during mid-day trading on Tuesday, reaching $80.75. The company had a trading volume of 615,745 shares, compared to its average volume of 1,577,297. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The stock's 50-day simple moving average is $77.59 and its 200-day simple moving average is $80.65. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The company has a market capitalization of $13.97 billion, a P/E ratio of -620.82, a P/E/G ratio of 6.92 and a beta of 1.30.

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 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 firm had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same quarter last year, the business earned $2.36 earnings per share. Alexandria Real Estate Equities's 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. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.5%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -4,061.54%.

Alexandria Real Estate Equities 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.