Price T Rowe Associates Inc. MD Buys 544,358 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Price T Rowe Associates Inc. MD has increased its stake in Alexandria Real Estate Equities, Inc. by 79.0% in the first quarter, now owning a total of 1,233,606 shares valued at approximately $114.1 million.
• Analysts have lowered their price targets for Alexandria Real Estate Equities, with notable reductions from BNP Paribas Exane to $85 and Citigroup to $74, resulting in an average target price of $97.17.
• Alexandria Real Estate Equities declared a quarterly dividend of $1.32 per share, translating to an annualized yield of 6.6%, although it currently has a staggering payout ratio of -4,061.54%.

Price T Rowe Associates Inc. MD grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 79.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,233,606 shares of the real estate investment trust's stock after purchasing an additional 544,358 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.71% of Alexandria Real Estate Equities worth $114,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE increased 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 acquiring an additional 798,438 shares during the last quarter. Private Trust Co. NA boosted its stake in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 149 shares during the period. ProShare Advisors LLC boosted its stake in Alexandria Real Estate Equities by 53.8% during the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after buying an additional 15,012 shares during the period. American Assets Investment Management LLC bought a new stake in Alexandria Real Estate Equities during the first quarter valued at $569,000. Finally, Cetera Investment Advisers boosted its stake in Alexandria Real Estate Equities by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after buying an additional 6,741 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BNP Paribas Exane dropped their price objective on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Citigroup dropped their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Mizuho dropped their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Baird R W dropped their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Evercore ISI dropped their price target on Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Trading Down 0.6%

NYSE ARE opened at $80.4630 on Tuesday. 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 current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $76.55 and a 200-day moving average of $81.11. The firm has a market cap of $13.92 billion, a PE ratio of -618.95, a price-to-earnings-growth ratio of 6.80 and a beta of 1.24.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 company 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 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. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

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.

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