Investors Research Corp Increases Stock Position in 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 lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17,580.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,962 shares of the real estate investment trust's stock after buying an additional 10,900 shares during the period. Investors Research Corp's holdings in Alexandria Real Estate Equities were worth $796,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after purchasing an additional 882,963 shares during the last quarter. Northern Trust Corp grew its stake in shares of Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after purchasing an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock worth $234,067,000 after purchasing an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock worth $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alexandria Real Estate Equities by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock worth $152,322,000 after purchasing an additional 36,468 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.2%

Shares of ARE traded up $0.19 during mid-day trading on Friday, reaching $87.64. The company had a trading volume of 745,325 shares, compared to its average volume of 1,551,799. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a 50-day moving average price of $79.89 and a 200 day moving average price of $79.66. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $125.60. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of -673.85, a price-to-earnings-growth ratio of 7.15 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly 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. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The firm had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. During the same period in the previous year, the firm posted $2.36 EPS. The business's revenue for the quarter 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, sell-side analysts forecast 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. Stockholders of record on Tuesday, September 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ARE shares. Mizuho cut their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $91.00 to $104.00 in a research note on Monday. Baird R W cut their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, Citigroup cut their price objective on 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $98.25.

About Alexandria Real Estate Equities

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.