Kovitz Investment Group Partners LLC Grows Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Alexandria Real Estate Equities, Inc. by 500.7% during the first quarter, holding 88,516 shares valued at approximately $8.19 million.
• In the fourth quarter, other significant investors, including Capital World Investors and Bank of America Corp DE, also increased their stakes in Alexandria Real Estate Equities, contributing to a total of 96.54% of the stock being held by institutional investors.
• Analysts have downgraded the stock's price targets recently, with the consensus rating now at "Hold" and an average target price of $97.17.

Kovitz Investment Group Partners LLC raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 500.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,516 shares of the real estate investment trust's stock after acquiring an additional 73,780 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.05% of Alexandria Real Estate Equities worth $8,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Colonial Trust Co SC boosted its position in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares in the last quarter. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities in the first quarter valued at $32,000. TruNorth Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $34,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.4%

ARE traded down $0.3180 during trading hours on Thursday, reaching $77.1420. The company's stock had a trading volume of 189,187 shares, compared to its average volume of 1,598,853. The business's 50-day moving average is $76.13 and its 200-day moving average is $81.65. 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 cap of $13.34 billion, a PE ratio of -594.75, a P/E/G ratio of 6.59 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $748.02 million. During the same period last year, the business earned $2.36 earnings per share. The business'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. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Finally, BNP Paribas Exane reduced their price objective on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.