Strs Ohio Acquires New Shares in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Strs Ohio has made a new investment of approximately $41.46 million in Alexandria Real Estate Equities, purchasing 448,135 shares, which represents about 0.26% of the company's stock.
• Alexandria Real Estate Equities reported Q2 earnings of $2.33 per share, exceeding estimates, but experienced a revenue decline of 0.6% compared to the previous year, totaling $737.28 million.
• The company recently announced a quarterly dividend of $1.32 per share, resulting in a dividend yield of 6.2%, to be paid on October 15th.

Strs Ohio purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 448,135 shares of the real estate investment trust's stock, valued at approximately $41,457,000. Strs Ohio owned approximately 0.26% of Alexandria Real Estate Equities at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alexandria Real Estate Equities by 1,038.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock worth $157,063,000 after purchasing an additional 1,468,644 shares in the last quarter. AQR Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 511.9% in the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust's stock worth $140,416,000 after purchasing an additional 1,269,795 shares in the last quarter. 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 worth $291,198,000 after purchasing an additional 882,963 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Alexandria Real Estate Equities by 79.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust's stock worth $114,122,000 after purchasing an additional 544,358 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock valued at $171,105,000 after acquiring an additional 330,673 shares during the period. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded up $0.24 during midday trading on Friday, hitting $84.98. The stock had a trading volume of 1,559,968 shares, compared to its average volume of 1,098,273. The firm's fifty day moving average is $79.18 and its two-hundred day moving average is $79.94. The company has a market capitalization of $14.70 billion, a PE ratio of -653.71, a P/E/G ratio of 7.13 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week 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.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same period last year, the firm posted $2.36 EPS. The company's revenue 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. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ARE. Baird R W lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Citigroup lowered their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Mizuho lowered 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, Royal Bank Of Canada lowered 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. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $97.17.

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.