Phillips Wealth Planners LLC Acquires Shares of 3,686 Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Phillips Wealth Planners LLC invested $284,000 in Alexandria Real Estate Equities, purchasing 3,686 shares during the 2nd quarter.
• The company announced a quarterly dividend of $1.32 per share, set to be paid on October 15th, with a yield of 6.1%.
• Alexandria Real Estate Equities' stock is currently valued at $86.61, with a market cap of $14.98 billion.

Phillips Wealth Planners LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,686 shares of the real estate investment trust's stock, valued at approximately $284,000.

Several other hedge funds have also added to or reduced their stakes in the business. Tsfg LLC bought a new position in Alexandria Real Estate Equities during the 1st quarter worth $30,000. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $32,000. TruNorth Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $34,000. Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $36,000. Finally, AlphaQuest LLC lifted its stake in shares of Alexandria Real Estate Equities by 370.5% in the first quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded up $1.30 during mid-day trading on Tuesday, hitting $87.19. 244,579 shares of the company traded hands, compared to its average volume of 1,559,764. The stock's fifty day moving average price is $80.18 and its 200-day moving average price is $79.15. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.60. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of -670.46, a price-to-earnings-growth ratio of 7.24 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the previous year, the company posted $2.36 earnings per share. 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. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is presently -4,061.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho cut their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday. They issued an "outperform" rating and a $100.00 price objective for the company. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and upped their price target for the company from $91.00 to $104.00 in a research report on Monday, September 15th. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Finally, Citigroup reduced their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $98.38.

Alexandria Real Estate Equities 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.