Praxis Investment Management Inc. Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Praxis Investment Management Inc. has acquired a new position in Alexandria Real Estate Equities, purchasing 15,830 shares valued at approximately $1.15 million.
• The company recently reported earnings of $2.33 per share, exceeding consensus estimates, although revenue was down 0.6% year-over-year.
• Alexandria Real Estate Equities announced a dividend of $1.32 per share, resulting in an annualized yield of 7.0% despite a highly negative dividend payout ratio.

Praxis Investment Management Inc. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,830 shares of the real estate investment trust's stock, valued at approximately $1,150,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth $30,000. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $25,000. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $34,000. Finally, Cromwell Holdings LLC acquired a new position in Alexandria Real Estate Equities in the first quarter valued at about $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $75.07 on Friday. The stock has a 50 day moving average price of $80.79 and a 200 day moving average price of $77.14. 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 company has a market capitalization of $12.98 billion, a price-to-earnings ratio of -577.45, a price-to-earnings-growth ratio of 6.32 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $122.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to the consensus estimate 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%.The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.0%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Analysts Set New Price Targets

A number of research analysts have commented on ARE shares. BMO Capital Markets started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday, October 6th. They issued a "hold" rating and a $80.00 target price on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Finally, BNP Paribas lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price target on the stock. in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $95.87.

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.

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