Robeco Institutional Asset Management B.V. Sells 22,146 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Alexandria Real Estate Equities, Inc. by 13.7% during the second quarter, selling 22,146 shares and retaining a total of 138,995 shares worth approximately $10.1 million.
• The company reported quarterly earnings of $2.33 per share, slightly surpassing analysts' estimates, but its revenue of $737.28 million fell short of expectations, reflecting a 0.6% year-over-year decline.
• Alexandria Real Estate Equities has declared a quarterly dividend of $1.32 per share, offering an annualized yield of 6.3%, with the upcoming payment scheduled for October 15th.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,995 shares of the real estate investment trust's stock after selling 22,146 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Alexandria Real Estate Equities worth $10,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ARE. Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after buying an additional 882,963 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Alexandria Real Estate Equities by 6.2% during the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock valued at $251,959,000 after acquiring an additional 158,177 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock valued at $234,067,000 after purchasing an additional 63,997 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Alexandria Real Estate Equities by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock worth $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock worth $152,322,000 after purchasing an additional 36,468 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 0.2%

NYSE ARE opened at $83.83 on Monday. The stock has a market capitalization of $14.50 billion, a P/E ratio of -644.85, a price-to-earnings-growth ratio of 7.04 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 $123.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a fifty day moving average of $80.98 and a 200-day moving average of $78.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted 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. The business had revenue of $737.28 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities research 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 will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ARE shares. BMO Capital Markets initiated 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 price target on the stock. BNP Paribas Exane reissued an "underperform" rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 1st. Mizuho decreased their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Royal Bank Of Canada cut their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. Finally, Baird R W decreased their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. 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. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average price target of $96.60.

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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