United Services Automobile Association Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• United Services Automobile Association purchased 3,764 shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE), valued at approximately $360,000, indicating increased institutional interest in the company.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the last quarter, surpassing analysts' expectations, though revenue fell short of projections at $737.28 million.
• The company announced a quarterly dividend of $1.32 per share, resulting in a 6.2% dividend yield, with the payout ratio reflecting a significant negative value.

United Services Automobile Association purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,764 shares of the real estate investment trust's stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ARE. Cetera Investment Advisers lifted its position in shares of Alexandria Real Estate Equities by 35.0% during the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after acquiring an additional 6,741 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $237,000. Jefferies Financial Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 4.5% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $1,120,000 after acquiring an additional 454 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted 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 valued at $671,000 after acquiring an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARE. Mizuho reduced their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Citigroup cut their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. 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 on the stock in a research note on Tuesday, July 29th. JPMorgan Chase & Co. cut their price objective on 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. Finally, Evercore ISI raised Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $91.00 to $104.00 in a research note on Monday. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus target price of $98.25.

Alexandria Real Estate Equities Stock Performance

ARE stock traded up $0.64 during trading on Monday, reaching $85.56. 1,284,182 shares of the stock were exchanged, compared to its average volume of 1,562,599. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The company has a market capitalization of $14.80 billion, a P/E ratio of -658.16, a price-to-earnings-growth ratio of 7.13 and a beta of 1.30. The stock has a 50 day simple moving average of $79.18 and a 200-day simple moving average of $79.79. 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 released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the business earned $2.36 earnings per share. The firm'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. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share 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. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.32 per share. The ex-dividend date is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.2%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -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.