Walleye Capital LLC Acquires New Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Walleye Capital LLC invested $855,000 in Alexandria Real Estate Equities, acquiring 9,240 shares during the 1st quarter.
• Institutional investors control 96.54% of Alexandria Real Estate Equities' stock, with several firms increasing their stakes significantly in the last quarter.
• Analyst ratings indicate a consensus price target of $97.17, with two analysts rating the stock as a "Buy" and nine as "Hold".

Walleye Capital LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,240 shares of the real estate investment trust's stock, valued at approximately $855,000.

Several other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA grew its stake in shares of Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 16.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 153 shares in the last quarter. Investor s Fiduciary Advisor Network LLC lifted its holdings in shares of Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 180 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of Alexandria Real Estate Equities by 33.0% during the 1st quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 198 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings 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 in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 0.8%

ARE stock traded up $0.69 during trading on Thursday, reaching $82.25. The stock had a trading volume of 237,237 shares, compared to its average volume of 1,569,733. The firm has a fifty day moving average price of $77.86 and a 200 day moving average price of $80.65. The company has a market capitalization of $14.23 billion, a P/E ratio of -632.65, a PEG ratio of 6.92 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year 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 released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.36 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.4%. Alexandria Real Estate Equities's payout ratio is presently -4,061.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARE. JPMorgan Chase & Co. reduced 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 report on Tuesday, May 20th. Royal Bank Of Canada reduced 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 report on Tuesday, July 29th. Baird R W reduced their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Mizuho reduced their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, Citigroup reduced their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently 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.