Nisa Investment Advisors LLC Sells 10,820 Shares of Alexandria Real Estate Equities, Inc. $ARE

Nisa Investment Advisors LLC lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,368 shares of the real estate investment trust’s stock after selling 10,820 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ARE. Sound Income Strategies LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $25,000. American National Bank & Trust bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $29,000. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $34,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $36,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $59.05 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $57.62 and a one year high of $116.52. The stock has a market cap of $10.20 billion, a PE ratio of -23.91, a P/E/G ratio of 5.42 and a beta of 1.31. The firm has a 50 day simple moving average of $80.41 and a two-hundred day simple moving average of $76.69.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The company had revenue of $751.94 million during the quarter, compared to analysts’ expectations of $752.90 million. During the same period in the prior year, the firm earned $2.37 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently -4,061.54%.

Analyst Ratings Changes

Several analysts have recently issued reports on ARE shares. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target on the stock. in a research report on Wednesday, October 1st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Tuesday. Evercore ISI raised shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $91.00 to $104.00 in a report on Monday, September 15th. BMO Capital Markets started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 target price on the stock. Finally, 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 report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.00.

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.