IFM Investors Pty Ltd Has $5.92 Million Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• IFM Investors Pty Ltd has decreased its stake in Alexandria Real Estate Equities by 8.0%, now holding 64,019 shares worth approximately $5.92 million.
• The company reported a quarterly EPS of $2.33, slightly beating analyst estimates, despite a revenue decline of 0.6% compared to the same quarter last year.
• Alexandria Real Estate Equities declared a quarterly dividend of $1.32 per share, showcasing a dividend yield of 6.2%, but currently has an extraordinarily high dividend payout ratio of -4,061.54%.

IFM Investors Pty Ltd trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,019 shares of the real estate investment trust's stock after selling 5,567 shares during the quarter. IFM Investors Pty Ltd's holdings in Alexandria Real Estate Equities were worth $5,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ARE. Tsfg LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $32,000. TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $34,000. Cromwell Holdings LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $36,000. Finally, AlphaQuest LLC boosted its holdings in Alexandria Real Estate Equities by 370.5% during the first 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARE shares. Mizuho reduced their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and upped their price target for the company from $91.00 to $104.00 in a report on Monday. 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 report on Tuesday, May 20th. 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 for the company in a research report on Tuesday, July 29th. Finally, Citigroup cut their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average price target of $98.25.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $0.64 during trading hours on Monday, reaching $85.56. The company's stock had a trading volume of 1,284,182 shares, compared to its average volume of 1,562,599. The stock has a market cap of $14.80 billion, a P/E ratio of -658.16, a price-to-earnings-growth ratio of 7.13 and a beta of 1.30. The company's 50 day simple moving average is $79.18 and its 200 day simple moving average is $79.79. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63. 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 (NYSE:ARE - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share 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 business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the firm posted $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. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal 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 issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is -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.