Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. has increased its stake in Alexandria Real Estate Equities by 65.5% during the first quarter, bringing its total holdings to 38,365 shares valued at approximately $3.55 million.
• Analysts have lowered their price targets for Alexandria Real Estate Equities, with updates from firms like JPMorgan and Citigroup recommending a more cautious stance on the stock, now averaging a consensus target price of $97.17.
• In its last earnings report, Alexandria Real Estate Equities delivered an EPS of $2.33, slightly above analysts' expectations, while experiencing a 6% decline in revenue compared to the previous year.

Nomura Holdings Inc. increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 65.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,365 shares of the real estate investment trust's stock after purchasing an additional 15,177 shares during the quarter. Nomura Holdings Inc.'s holdings in Alexandria Real Estate Equities were worth $3,549,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. raised its holdings in 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 worth $291,198,000 after purchasing an additional 882,963 shares during the period. Northern Trust Corp grew its position in shares of Alexandria Real Estate Equities by 6.2% in the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock valued at $251,959,000 after purchasing an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 63,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alexandria Real Estate Equities by 1,038.4% in the fourth 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 worth $157,063,000 after acquiring an additional 1,468,644 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Alexandria Real Estate Equities by 79.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock worth $114,122,000 after acquiring an additional 544,358 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $1.77 during midday trading on Friday, reaching $84.66. 1,007,727 shares of the company traded hands, compared to its average volume of 1,166,656. The firm's 50 day simple moving average is $78.26 and its two-hundred day simple moving average is $80.39. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year 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 firm has a market cap of $14.64 billion, a PE ratio of -651.19, a price-to-earnings-growth ratio of 7.11 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results 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. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same period in the previous year, the company earned $2.36 EPS. Alexandria Real Estate Equities'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. On average, equities research analysts expect 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. Investors of record on Tuesday, September 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

Analyst Ratings Changes

ARE has been the subject of several research analyst reports. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price target 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 research report on Thursday, June 12th. Royal Bank Of Canada reduced 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 research note on Tuesday, July 29th. Finally, Citigroup dropped their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price of $97.17.

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.