Raymond James Financial Inc. Raises Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Raymond James Financial Inc. increased its stake in Alexandria Real Estate Equities by 18.9%, owning 416,548 shares worth approximately $38.5 million.
• The company's stock is currently priced at $80.87, with a market capitalization of $13.99 billion and a P/E ratio of -622.08.
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, reflecting an annualized yield of 6.5%.

Raymond James Financial Inc. lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 416,548 shares of the real estate investment trust's stock after buying an additional 66,266 shares during the period. Raymond James Financial Inc. owned approximately 0.24% of Alexandria Real Estate Equities worth $38,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after buying an additional 252 shares in the last quarter. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $32,000. TruNorth Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $34,000. Finally, Cromwell Holdings LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $36,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 0.9%

Shares of ARE stock traded up $0.76 during trading on Wednesday, reaching $81.59. The company's stock had a trading volume of 409,713 shares, compared to its average volume of 1,589,159. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of -627.46, a P/E/G ratio of 6.76 and a beta of 1.24. The stock's 50-day moving average price is $76.74 and its 200 day moving average price is $81.11. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $737.28 million during the quarter, compared to analysts' expectations 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%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARE. BNP Paribas Exane reduced their target price on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Royal Bank Of Canada reduced their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. Baird R W reduced their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho reduced their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $97.17.

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.