Elevation Point Wealth Partners LLC Buys New Holdings in Alexandria Real Estate Equities, Inc. $ARE

Elevation Point Wealth Partners LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,112 shares of the real estate investment trust’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired 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 Alexandria Real Estate Equities in the 2nd quarter valued at $29,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 1st quarter valued at $32,000. AlphaQuest LLC lifted its holdings in Alexandria Real Estate Equities by 370.5% during the 1st quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 326 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Alexandria Real Estate Equities by 431.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 548 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $53.08 on Tuesday. Alexandria Real Estate Equities, Inc. has a 12-month low of $48.66 and a 12-month high of $110.32. The company’s 50 day moving average price is $66.52 and its two-hundred day moving average price is $73.19. The firm has a market cap of $9.17 billion, a PE ratio of -21.49, a PEG ratio of 5.06 and a beta of 1.29. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $751.94 million during the quarter, compared to the consensus estimate of $752.90 million. During the same quarter last year, the firm posted $2.37 earnings per share. The company’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. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ARE shares. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $74.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $76.43.

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.