National Pension Service Sells 225,884 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• The National Pension Service significantly reduced its holdings in Alexandria Real Estate Equities, selling 225,884 shares, which represents a 98.3% decrease, leaving it with only 4,015 shares valued at $371,000.
• Alexandria Real Estate Equities reported a quarterly earnings per share of $2.33, slightly exceeding estimates, but experienced a 0.6% decrease in revenue compared to the previous year.
• Following recent analysis, investment firms have lowered their price targets for Alexandria Real Estate Equities, with several maintaining a "neutral" rating; the current consensus rating is "Hold" with an average target price of $97.17.

National Pension Service decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 98.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,015 shares of the real estate investment trust's stock after selling 225,884 shares during the period. National Pension Service's holdings in Alexandria Real Estate Equities were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARE. Capital World Investors bought a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $326,959,000. Invesco Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 39.0% in the 1st 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 during the period. Northern Trust Corp boosted its holdings in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after buying an additional 1,037,413 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $234,067,000 after purchasing an additional 63,997 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alexandria Real Estate Equities by 1,038.4% in the 4th 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 buying an additional 1,468,644 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded down $0.7930 during trading hours on Wednesday, reaching $77.4770. 948,526 shares of the stock traded hands, compared to its average volume of 1,607,841. The company's 50-day simple moving average is $76.04 and its two-hundred day simple moving average is $81.68. The company has a market capitalization of $13.40 billion, a P/E ratio of -595.98, a price-to-earnings-growth ratio of 6.50 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63. 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 announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada decreased their price target 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 note on Tuesday, July 29th. Baird R W reduced their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price objective on shares of 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. JMP Securities restated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Mizuho cut their price objective on shares of 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.