Van Lanschot Kempen Investment Management N.V. decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,341 shares of the real estate investment trust's stock after selling 52,539 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.08% of Alexandria Real Estate Equities worth $12,058,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 252 shares in the last quarter. Tsfg LLC acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $32,000. TruNorth Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $34,000. Finally, Cromwell Holdings LLC bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.
Alexandria Real Estate Equities Price Performance
Shares of NYSE ARE traded down $1.0890 during mid-day trading on Monday, reaching $79.8410. The company had a trading volume of 199,666 shares, compared to its average volume of 1,590,571. 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 stock has a market cap of $13.81 billion, a PE ratio of -614.31, a P/E/G ratio of 6.80 and a beta of 1.24. The company has a 50-day moving average price of $76.39 and a two-hundred day moving average price of $81.22. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) 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 analysts' expectations of $748.02 million. During the same period in the previous year, the firm posted $2.36 EPS. The company's quarterly 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, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.6%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ARE. JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Evercore ISI cut their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. Mizuho cut their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Citigroup dropped their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.17.
Check Out Our Latest Stock Analysis on ARE
About Alexandria Real Estate Equities
(
Free Report)
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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