Randolph Co Inc Acquires Shares of 298,640 Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Randolph Co Inc has acquired 298,640 shares of Alexandria Real Estate Equities, valued at approximately $21.69 million, making it the 23rd largest position in their portfolio.
• Alexandria Real Estate Equities reported $2.33 earnings per share (EPS) for the last quarter, slightly beating estimates, but revenue was down 0.6% year-over-year.
• The company announced a quarterly dividend of $1.32 per share, with an annualized dividend yield of 6.3%, set to be paid out on October 15th.

Randolph Co Inc bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 298,640 shares of the real estate investment trust's stock, valued at approximately $21,690,000. Alexandria Real Estate Equities accounts for approximately 2.2% of Randolph Co Inc's holdings, making the stock its 23rd biggest position. Randolph Co Inc owned approximately 0.17% of Alexandria Real Estate Equities at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $29,000. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $30,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities during the first quarter valued at $32,000. TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities during the first quarter valued at $34,000. Finally, Cromwell Holdings LLC purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $84.17 on Friday. The firm has a 50 day moving average of $80.63 and a two-hundred day moving average of $79.13. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.51. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of -647.42, a P/E/G ratio of 7.21 and a beta of 1.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. Alexandria Real Estate Equities's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. 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 6.3%. Alexandria Real Estate Equities's dividend payout ratio is currently -4,061.54%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho lowered their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Evercore ISI upgraded 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 report on Monday, September 15th. BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday. They set an "outperform" rating and a $100.00 target price for the company. Finally, Baird R W lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $98.38.

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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