Teamwork Financial Advisors LLC Boosts Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Teamwork Financial Advisors LLC increased its stake in Alexandria Real Estate Equities by 34.2%, now holding a total of 17,614 shares valued at approximately $1.28 million.
• Analyst ratings for Alexandria Real Estate Equities show a consensus of "Hold" with price targets reducing significantly, with the lowest target set at $74.00.
• The company recently announced a quarterly dividend of $1.32, equating to an annualized yield of 6.2%, although it has a notably high payout ratio of -4,061.54%.

Teamwork Financial Advisors LLC grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 34.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,614 shares of the real estate investment trust's stock after buying an additional 4,484 shares during the period. Teamwork Financial Advisors LLC's holdings in Alexandria Real Estate Equities were worth $1,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARE. Cetera Investment Advisers boosted its stake in Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after purchasing an additional 6,741 shares during the period. Focus Partners Wealth bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $237,000. Jefferies Financial Group Inc. raised its holdings in Alexandria Real Estate Equities by 4.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust's stock valued at $525,000 after acquiring an additional 234 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alexandria Real Estate Equities by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,483 shares of the real estate investment trust's stock worth $1,120,000 after purchasing an additional 454 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Alexandria Real Estate Equities by 19.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,875 shares of the real estate investment trust's stock worth $671,000 after purchasing an additional 1,120 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded up $0.18 during trading on Friday, reaching $87.63. 745,325 shares of the company's stock traded hands, compared to its average volume of 1,551,799. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.60. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $15.16 billion, a P/E ratio of -673.85, a PEG ratio of 7.15 and a beta of 1.30. The firm's 50-day moving average is $79.89 and its 200 day moving average is $79.66.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $748.02 million. During the same period in the prior year, the company posted $2.36 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.0%. Alexandria Real Estate Equities's dividend payout ratio is currently -4,061.54%.

Analyst Ratings Changes

ARE has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $91.00 to $104.00 in a research note on Monday. Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Baird R W decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $98.25.

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.