Atria Investments Inc Increases Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Atria Investments Inc grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,157 shares of the real estate investment trust’s stock after purchasing an additional 1,239 shares during the period. Atria Investments Inc’s holdings in Alexandria Real Estate Equities were worth $2,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $25,000. Avalon Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $32,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $34,000. Cromwell Holdings LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $36,000. Finally, American National Bank & Trust purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ARE shares. Royal Bank Of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. 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 target price on the stock. Finally, Cantor Fitzgerald dropped their target price on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.93.

Alexandria Real Estate Equities Price Performance

ARE opened at $55.68 on Tuesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of -22.54, a PEG ratio of 5.06 and a beta of 1.31. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $79.05 and a 200-day moving average price of $76.22. Alexandria Real Estate Equities, Inc. has a twelve month low of $55.02 and a twelve month high of $116.52.

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.5%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

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.