Ethic Inc. Reduces Holdings in Alexandria Real Estate Equities, Inc. $ARE

Ethic Inc. lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 42.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,719 shares of the real estate investment trust’s stock after selling 5,619 shares during the period. Ethic Inc.’s holdings in Alexandria Real Estate Equities were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ARE. Jump Financial LLC raised its stake in shares of Alexandria Real Estate Equities by 48.3% during the fourth quarter. Jump Financial LLC now owns 6,627 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 2,159 shares during the period. Marshall Wace LLP purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $3,063,000. GeoWealth Management LLC boosted its position in Alexandria Real Estate Equities by 14.9% in the 4th quarter. GeoWealth Management LLC now owns 1,932 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 250 shares during the last quarter. First Trust Advisors LP boosted its position in Alexandria Real Estate Equities by 10.5% in the 4th quarter. First Trust Advisors LP now owns 91,874 shares of the real estate investment trust’s stock valued at $8,962,000 after buying an additional 8,735 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $274,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $77.4770 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63. The company’s 50-day simple moving average is $76.13 and its 200-day simple moving average is $81.65. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of -595.98, a PEG ratio of 6.59 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 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 quarter last year, the company posted $2.36 earnings per share. The company’s quarterly revenue 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 analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -4,061.54%.

Analysts Set New Price Targets

ARE has been the subject of a number of analyst reports. BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada decreased their price objective 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 report on Tuesday, July 29th. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Citigroup decreased their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Finally, Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus 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.