Northern Trust Corp Grows Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Northern Trust Corp increased its position in Alexandria Real Estate Equities by 6.2%, holding 2,723,583 shares worth approximately $251.96 million.
• Alexandria Real Estate Equities reported $2.33 EPS for the last quarter, surpassing estimates, while revenue was $737.28 million, slightly below expectations.
• The company declared a quarterly dividend of $1.32 per share, yielding 6.8% annually, with a payout ratio of -4,061.54%.

Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,723,583 shares of the real estate investment trust's stock after buying an additional 158,177 shares during the quarter. Northern Trust Corp owned about 1.57% of Alexandria Real Estate Equities worth $251,959,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after buying an additional 882,963 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock valued at $234,067,000 after buying an additional 63,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alexandria Real Estate Equities by 1,038.4% during 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 valued at $157,063,000 after buying an additional 1,468,644 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Alexandria Real Estate Equities by 24.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,193,491 shares of the real estate investment trust's stock valued at $116,425,000 after buying an additional 231,469 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Alexandria Real Estate Equities by 218.1% during 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 last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.5440 during midday trading on Monday, hitting $80.3860. The company's stock had a trading volume of 549,964 shares, compared to its average volume of 1,592,664. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The firm's 50 day moving average is $76.39 and its 200-day moving average is $81.22. 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 $13.90 billion, a P/E ratio of -617.78, a P/E/G ratio of 6.80 and a beta of 1.24.

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 earnings per share 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 company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same quarter in the prior year, the company earned $2.36 EPS. Alexandria Real Estate Equities's quarterly revenue 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. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.6%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -4,061.54%.

Analyst Upgrades and Downgrades

Several analysts have commented on ARE shares. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. 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. JPMorgan Chase & Co. cut 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 report on Tuesday, May 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Finally, Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.