Investors Research Corp Purchases 10,900 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Investors Research Corp significantly increased its stake in Alexandria Real Estate Equities by 17,580.6%, acquiring an additional 10,900 shares, bringing its total holdings to 10,962 shares valued at approximately $796,000.
• Alexandria Real Estate Equities reported strong earnings, with a quarterly EPS of $2.33, exceeding estimates, but also noted a decrease in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.32 per share, with a dividend yield of 6.2%, scheduled for payment on October 15th to stockholders of record as of September 30th.

Investors Research Corp boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17,580.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,962 shares of the real estate investment trust's stock after acquiring an additional 10,900 shares during the quarter. Investors Research Corp's holdings in Alexandria Real Estate Equities were worth $796,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $30,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $32,000. TruNorth Capital Management LLC bought a new position in Alexandria Real Estate Equities during the first quarter worth about $34,000. Cromwell Holdings LLC acquired a new position in Alexandria Real Estate Equities during the first quarter worth approximately $36,000. Finally, AlphaQuest LLC increased its position 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 during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.3%

ARE stock opened at $84.98 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. 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 has a market capitalization of $14.70 billion, a price-to-earnings ratio of -653.71, a PEG ratio of 7.12 and a beta of 1.30. The business's fifty day moving average price is $79.18 and its two-hundred day moving average price is $79.94.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating 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 in the prior year, the company posted $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 anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.2%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada cut their price objective on 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. Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. JPMorgan Chase & Co. reduced 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 report on Tuesday, May 20th. Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Finally, Mizuho cut their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $97.17.

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.

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