Magnetar Financial LLC Raises Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Magnetar Financial LLC increased its stake in Alexandria Real Estate Equities, Inc. by 117.7%, acquiring an additional 11,677 shares, bringing its total holdings to 21,600 shares valued at approximately $1,998,000.
• Recent analyst reports have resulted in lowered target prices for Alexandria Real Estate Equities, with Mizuho and Baird R W setting new targets of $91.00 and $102.00 respectively, indicating a cautious outlook from investment firms.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, yielding 6.4%, despite a reported negative net margin and a year-over-year revenue decline of 0.6%.

Magnetar Financial LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 117.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,600 shares of the real estate investment trust's stock after purchasing an additional 11,677 shares during the period. Magnetar Financial LLC's holdings in Alexandria Real Estate Equities were worth $1,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Alexandria Real Estate Equities by 218.1% in the fourth 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 during the period. Private Trust Co. NA increased its position in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 149 shares during the period. ProShare Advisors LLC increased its position in Alexandria Real Estate Equities by 53.8% during the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after purchasing an additional 15,012 shares during the period. American Assets Investment Management LLC bought a new position in Alexandria Real Estate Equities during the 1st quarter worth approximately $569,000. Finally, Cetera Investment Advisers lifted its position in shares of Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after purchasing an additional 6,741 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.5%

ARE stock traded up $1.20 during mid-day trading on Thursday, reaching $82.76. 350,380 shares of the company traded hands, compared to its average volume of 1,570,333. 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 firm's 50 day moving average price is $77.86 and its 200 day moving average price is $80.65. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of -636.09, a P/E/G ratio of 6.92 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to the consensus estimate 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%.The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.36 earnings per share. 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 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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 paid a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.4%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Baird R W cut their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Citigroup dropped their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Finally, Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $97.17.

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.