Flaharty Asset Management LLC Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Flaharty Asset Management LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 3,000 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Analyst IMS Investment Management Services Ltd. raised its holdings in Alexandria Real Estate Equities by 48.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock valued at $52,415,000 after acquiring an additional 235,093 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Alexandria Real Estate Equities by 10.7% during the second quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock worth $29,511,000 after purchasing an additional 39,117 shares during the last quarter. Washburn Capital Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $949,000. Penserra Capital Management LLC increased its stake in Alexandria Real Estate Equities by 46.3% in the second quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock valued at $1,374,000 after purchasing an additional 5,994 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Alexandria Real Estate Equities during the second quarter worth about $359,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. BNP Paribas Exane lowered their price target on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a report on Tuesday, October 28th. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday. Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group set a $62.00 price target on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $79.38.

Alexandria Real Estate Equities Stock Up 0.1%

ARE opened at $52.30 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $51.63 and a 1 year high of $112.42. The firm has a 50 day moving average price of $73.95 and a 200 day moving average price of $74.80. 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 cap of $9.04 billion, a PE ratio of -21.17, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29.

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 the consensus estimate 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 business had revenue of $751.94 million for the quarter, compared to analysts’ expectations of $752.90 million. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 10.1%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -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.