MBB Public Markets I LLC Has $297,000 Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• MBB Public Markets I LLC has significantly reduced its stake in Alexandria Real Estate Equities, selling 49,423 shares, resulting in a 93.9% decrease in their holdings.
• Alexandria Real Estate Equities has recently faced target price downgrades from multiple analysts, with Citigroup setting the new target at $74.00.
• The firm declared a quarterly dividend of $1.32, representing an annualized yield of 6.2%, with a payout ratio currently at an unusually high -4,061.54%.

MBB Public Markets I LLC trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 93.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,207 shares of the real estate investment trust's stock after selling 49,423 shares during the quarter. MBB Public Markets I LLC's holdings in Alexandria Real Estate Equities were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ARE. Cetera Investment Advisers lifted its holdings in shares of Alexandria Real Estate Equities by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after buying an additional 6,741 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $237,000. Jefferies Financial Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 4.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust's stock valued at $525,000 after buying an additional 234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,483 shares of the real estate investment trust's stock valued at $1,120,000 after buying an additional 454 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of Alexandria Real Estate Equities by 19.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,875 shares of the real estate investment trust's stock valued at $671,000 after buying an additional 1,120 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI upgraded Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $91.00 to $104.00 in a report on Monday. Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. JPMorgan Chase & Co. decreased their target price 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. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, Royal Bank Of Canada lowered 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 report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $98.25.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded up $0.64 during trading hours on Monday, reaching $85.56. 1,284,182 shares of the company's stock were exchanged, compared to its average volume of 1,562,599. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The stock has a market capitalization of $14.80 billion, a P/E ratio of -658.16, a P/E/G ratio of 7.13 and a beta of 1.30. The business has a fifty day moving average price of $79.18 and a 200-day moving average price of $79.79. 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 (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the company earned $2.36 earnings per share. The company's quarterly 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. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.2%. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

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.