Janney Montgomery Scott LLC Sells 4,125 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Janney Montgomery Scott LLC reduced its stake in Alexandria Real Estate Equities by 16.6%, selling 4,125 shares and holding a total of 20,737 shares worth approximately $1.5 million.
• The company reported an earnings per share of $2.33 for the last quarter, slightly above analysts' expectations, but encountered a revenue decline of 0.6% year-over-year.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32, with a dividend yield of 7.1% and a payout ratio of -4,061.54%.

Janney Montgomery Scott LLC lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 16.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,737 shares of the real estate investment trust's stock after selling 4,125 shares during the quarter. Janney Montgomery Scott LLC's holdings in Alexandria Real Estate Equities were worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $25,000. American National Bank & Trust acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at about $29,000. Tsfg LLC bought a new position in Alexandria Real Estate Equities in the first quarter valued at about $30,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Alexandria Real Estate Equities in the first quarter worth approximately $34,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $73.98 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $123.10. The stock's fifty day moving average price is $80.83 and its 200-day moving average price is $77.68. The company has a market cap of $12.80 billion, a P/E ratio of -569.08, a price-to-earnings-growth ratio of 6.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

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 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analysts' expectations 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%.Alexandria Real Estate Equities's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company 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 $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Analyst Ratings Changes

A number of equities research analysts have commented on ARE shares. Royal Bank Of Canada reduced 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 note on Tuesday, July 29th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, October 6th. They set a "hold" rating and a $80.00 price objective on the stock. Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $91.00 to $104.00 in a report on Monday, September 15th. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Wednesday. Finally, Cantor Fitzgerald set a $88.00 price target on Alexandria Real Estate Equities and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $96.47.

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.

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