Pallas Capital Advisors LLC Raises Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Pallas Capital Advisors LLC increased its holdings in Alexandria Real Estate Equities, Inc. by 91.3% during Q2, now owning 22,990 shares valued at approximately $1.67 million.
• The company reported earnings of $2.33 per share for the last quarter, slightly exceeding expectations, although revenues fell short by reporting $737.28 million.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.2%, set to be paid to investors on October 15th.

Pallas Capital Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 91.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,990 shares of the real estate investment trust's stock after buying an additional 10,972 shares during the period. Pallas Capital Advisors LLC's holdings in Alexandria Real Estate Equities were worth $1,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 149 shares in the last quarter. American Assets Investment Management LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $569,000. Wellington Management Group LLP lifted its holdings in shares of Alexandria Real Estate Equities by 33.9% during the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after purchasing an additional 9,295 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Alexandria Real Estate Equities by 4.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust's stock worth $1,091,000 after purchasing an additional 463 shares in the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at $1,215,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 1.0%

ARE traded down $0.85 during mid-day trading on Friday, reaching $86.61. 3,862,708 shares of the stock were exchanged, compared to its average volume of 1,115,892. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.60. The company has a 50 day moving average price of $80.03 and a two-hundred day moving average price of $79.41. The stock has a market capitalization of $14.98 billion, a PE ratio of -666.19, a price-to-earnings-growth ratio of 7.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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. The company 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%.Alexandria Real Estate Equities's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.1%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARE. Royal Bank Of Canada decreased their target price on 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. Citigroup decreased their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Finally, Baird R W decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $98.25.

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.