S Bank Fund Management Ltd Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• S Bank Fund Management Ltd acquired 7,963 shares of Alexandria Real Estate Equities, Inc., representing a new investment valued at approximately $578,000.
• Analysts have recently adjusted their ratings and price targets for Alexandria, with Evercore ISI raising its price objective to $104.00 and BNP Paribas lowering it to $82.00; the stock currently holds a consensus rating of "Hold."
• Alexandria Real Estate Equities announced a quarterly dividend of $1.32 per share, reflecting a dividend yield of 7.0%.

S Bank Fund Management Ltd purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,963 shares of the real estate investment trust's stock, valued at approximately $578,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $25,000. American National Bank & Trust acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $29,000. Tsfg LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $32,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $34,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $91.00 to $104.00 in a research note on Monday, September 15th. BMO Capital Markets initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. BNP Paribas lowered Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price objective on the stock. in a research note on Wednesday, October 1st. Finally, BNP Paribas Exane reissued an "underperform" rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $95.87.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $75.26 on Friday. The stock's 50 day moving average price is $80.77 and its 200 day moving average price is $77.25. The firm has a market capitalization of $13.02 billion, a PE ratio of -578.92, a price-to-earnings-growth ratio of 6.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $122.67.

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 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during 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 business's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

Alexandria Real Estate Equities 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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