Kayne Anderson Rudnick Investment Management LLC Boosts Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Alexandria Real Estate Equities, Inc. by 35.3%, owning 21,017 shares worth approximately $1.94 million.
• Recent institutional investments included a 514.3% increase in Alexandria's position by Colonial Trust Co SC, highlighting strong interest from institutional investors.
• Wall Street analysts currently have an average rating of "Hold" on Alexandria Real Estate Equities with a consensus price target of $97.17.

Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,017 shares of the real estate investment trust's stock after buying an additional 5,485 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Alexandria Real Estate Equities were worth $1,944,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after buying an additional 1,468,644 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after buying an additional 1,037,413 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after buying an additional 882,963 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after buying an additional 798,438 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Alexandria Real Estate Equities by 79.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock valued at $114,122,000 after buying an additional 544,358 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 0.8%

Shares of ARE traded up $0.61 during mid-day trading on Monday, hitting $82.44. 890,800 shares of the company's stock traded hands, compared to its average volume of 1,388,878. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The firm has a market capitalization of $14.26 billion, a P/E ratio of -634.18, a PEG ratio of 6.92 and a beta of 1.30. The business's 50-day moving average price is $77.40 and its 200-day moving average price is $80.73.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $2.36 earnings per share. The business'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. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ARE shares. Baird R W decreased their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Citigroup decreased their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Royal Bank Of Canada decreased their price target 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. Mizuho decreased their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. decreased their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Company 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.