US Bancorp DE Has $1.15 Million Holdings in Alexandria Real Estate Equities, Inc. $ARE

US Bancorp DE lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,817 shares of the real estate investment trust’s stock after selling 737 shares during the quarter. US Bancorp DE’s holdings in Alexandria Real Estate Equities were worth $1,149,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 149 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 16.4% during the first 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 during the period. Presima Securities ULC raised its holdings in shares of Alexandria Real Estate Equities by 1.4% during the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock valued at $1,100,000 after acquiring an additional 170 shares during the period. CX Institutional raised its holdings in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 175 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC raised its holdings in shares of Alexandria Real Estate Equities by 3.8% during the first 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 during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $75.07 on Friday. 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 company has a fifty day simple moving average of $80.79 and a 200 day simple moving average of $77.14. The company has a market cap of $12.98 billion, a P/E ratio of -577.45, a P/E/G ratio of 6.32 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $122.25.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) 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 net margin of 0.33% and a negative return on equity of 0.05%. Alexandria Real Estate Equities’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARE. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a research note on Wednesday, October 1st. BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective on the stock. BNP Paribas Exane reiterated an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Royal Bank Of Canada dropped their price objective 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 note on Tuesday, July 29th. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $95.87.

About Alexandria Real Estate Equities

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.