Clal Insurance Enterprises Holdings Ltd Invests $28.55 Million in Alexandria Real Estate Equities, Inc. $ARE

Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 386,000 shares of the real estate investment trust’s stock, valued at approximately $28,545,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 511.9% in the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock valued at $140,416,000 after acquiring an additional 1,269,795 shares during the period. Invesco Ltd. boosted its position in Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after purchasing an additional 882,963 shares during the period. DAVENPORT & Co LLC grew its stake in Alexandria Real Estate Equities by 1,796.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock worth $60,814,000 after buying an additional 791,712 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Alexandria Real Estate Equities by 79.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust’s stock worth $114,122,000 after buying an additional 544,358 shares during the period. Finally, Strs Ohio bought a new stake in Alexandria Real Estate Equities in the first quarter valued at $41,457,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ARE shares. BNP Paribas Exane lowered their price target on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research report on Tuesday, October 28th. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Citizens Jmp lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. BMO Capital Markets began coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target for the company. Finally, Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $79.38.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $50.76 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $50.22 and a 52 week high of $112.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24. The company has a market capitalization of $8.77 billion, a PE ratio of -20.55, a PEG ratio of 5.06 and a beta of 1.29. The company’s 50 day moving average price is $72.59 and its 200 day moving average price is $74.50.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. During the same period in the previous year, the business posted $2.37 EPS. Alexandria Real Estate Equities’s revenue for the quarter 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. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio 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.