Korea Investment CORP Buys 26,295 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Korea Investment CORP increased its stake in Alexandria Real Estate Equities, Inc. by 30.6%, now holding 112,150 shares valued at approximately $10.4 million.
• Several institutional investors significantly raised their holdings in Alexandria Real Estate Equities, including UBS AM, which increased its stake by 1,038.4%.
• Alexandria Real Estate Equities has declared a quarterly dividend of $1.32 per share, yielding 6.8%, with a notable negative dividend payout ratio of -4,061.54%.

Korea Investment CORP grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 30.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,150 shares of the real estate investment trust's stock after purchasing an additional 26,295 shares during the period. Korea Investment CORP owned approximately 0.06% of Alexandria Real Estate Equities worth $10,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its holdings 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 valued at $291,198,000 after purchasing an additional 882,963 shares in the last quarter. Northern Trust Corp lifted its holdings 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 valued at $251,959,000 after purchasing an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $234,067,000 after purchasing an additional 63,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1,038.4% in the fourth 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 purchasing an additional 1,468,644 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 24.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,491 shares of the real estate investment trust's stock valued at $116,425,000 after purchasing an additional 231,469 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $0.26 on Wednesday, hitting $81.09. The stock had a trading volume of 149,870 shares, compared to its average volume of 1,587,508. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The business's 50 day moving average is $76.74 and its two-hundred day moving average is $81.11. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of -624.96, a price-to-earnings-growth ratio of 6.76 and a beta of 1.24.

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 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 company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same quarter in the prior year, the business earned $2.36 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.5%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Baird R W dropped their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Citigroup dropped their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.