IFM Investors Pty Ltd Sells 5,625 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• IFM Investors Pty Ltd has reduced its stake in Alexandria Real Estate Equities, Inc. by 8.8%, owning 58,394 shares valued at approximately $4.24 million after selling 5,625 shares during Q2.
• The company's stock has recently seen significant price target adjustments from various analysts, with estimates ranging from $74.00 to $104.00, reflecting a consensus rating of "Hold."
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, yielding 6.1%, with the ex-dividend date set for September 30th.

IFM Investors Pty Ltd lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,394 shares of the real estate investment trust's stock after selling 5,625 shares during the quarter. IFM Investors Pty Ltd's holdings in Alexandria Real Estate Equities were worth $4,241,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Tsfg LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. Avalon Trust Co purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $32,000. TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth about $34,000. Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. Finally, AlphaQuest LLC increased its holdings in Alexandria Real Estate Equities by 370.5% in 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 during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 0.2%

NYSE ARE traded down $0.19 during trading on Monday, hitting $86.00. The stock had a trading volume of 1,171,769 shares, compared to its average volume of 1,252,068. The company has a market capitalization of $14.87 billion, a PE ratio of -661.54, a P/E/G ratio of 7.24 and a beta of 1.30. The company's 50-day moving average price is $80.03 and its two-hundred day moving average price is $79.26. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.60. 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 issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $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 forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.1%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARE. Baird R W dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and increased their price target for the company from $91.00 to $104.00 in a report on Monday, September 15th. Finally, Royal Bank Of Canada dropped 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 report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.25.

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.