Mattson Financial Services LLC Has $221,000 Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Mattson Financial Services LLC significantly decreased its stake in Alexandria Real Estate Equities by 68.2%, resulting in ownership of 3,041 shares valued at $221,000 as of the latest reporting period.
• The company reported earnings of $2.33 per share for its latest quarter, which was above analysts' expectations, but its revenue was slightly below estimates, recording $737.28 million.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, with a dividend yield of 7.0%, despite a remarkable dividend payout ratio of -4,061.54%.

Mattson Financial Services LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 68.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,041 shares of the real estate investment trust's stock after selling 6,521 shares during the quarter. Mattson Financial Services LLC's holdings in Alexandria Real Estate Equities were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ARE. Invesco Ltd. raised its position in 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 worth $291,198,000 after purchasing an additional 882,963 shares during the last quarter. Northern Trust Corp raised its position in Alexandria Real Estate Equities by 6.2% during the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after purchasing an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock worth $234,067,000 after purchasing an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock worth $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock worth $152,322,000 after purchasing an additional 36,468 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $75.07 on Friday. The stock has a 50-day moving average price of $80.79 and a 200-day moving average price of $77.14. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $122.25. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $12.98 billion, a PE ratio of -577.45, a price-to-earnings-growth ratio of 6.32 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share 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 analyst estimates 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 business's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.0%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARE shares. BNP Paribas lowered Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 target price for the company. in a research report on Wednesday, October 1st. Cantor Fitzgerald lowered their target price on Alexandria Real Estate Equities from $88.00 to $79.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, October 6th. They set a "hold" rating and a $80.00 target price for the company. Finally, BMO Capital Markets started coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $95.87.

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.

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