Wellington Management Group LLP Grows Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Wellington Management Group LLP has increased its holdings in Alexandria Real Estate Equities, Inc. by 9.6%, bringing its total investment to approximately $3.72 million.
• Recent analyst reports have led to a series of price target reductions for Alexandria Real Estate Equities, with JPMorgan and Citigroup lowering targets significantly to $95.00 and $74.00 respectively.
• The company announced a quarterly dividend of $1.32 per share, reflecting an annualized dividend of $5.28 and a yield of 6.4%.

Wellington Management Group LLP increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,232 shares of the real estate investment trust's stock after purchasing an additional 3,519 shares during the quarter. Wellington Management Group LLP's holdings in Alexandria Real Estate Equities were worth $3,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. QSV Equity Investors LLC bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $321,000. Korea Investment CORP increased its stake in Alexandria Real Estate Equities by 30.6% in the 1st quarter. Korea Investment CORP now owns 112,150 shares of the real estate investment trust's stock worth $10,375,000 after acquiring an additional 26,295 shares during the last quarter. Northern Trust Corp increased its stake in Alexandria Real Estate Equities by 6.2% in the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after acquiring an additional 158,177 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $291,000. Finally, Summit Securities Group LLC bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $64,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 0.5%

Shares of NYSE:ARE traded up $0.41 during trading hours on Wednesday, hitting $81.32. 367,135 shares of the company's stock traded hands, compared to its average volume of 1,573,743. The firm has a market capitalization of $14.06 billion, a P/E ratio of -626.49, a price-to-earnings-growth ratio of 6.92 and a beta of 1.30. The business has a fifty day moving average price of $77.70 and a 200-day moving average price of $80.65. 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 debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

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 business 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 return on equity of 0.05% and a negative net margin of 0.33%.The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 6.5%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Royal Bank Of Canada decreased 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 report on Tuesday, July 29th. Baird R W dropped their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, Citigroup decreased their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Company 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.