Samalin Investment Counsel LLC Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Samalin Investment Counsel LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,953 shares of the real estate investment trust’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. Cerity Partners LLC raised its holdings in shares of Alexandria Real Estate Equities by 40.8% during the 1st quarter. Cerity Partners LLC now owns 68,665 shares of the real estate investment trust’s stock worth $6,352,000 after acquiring an additional 19,904 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $235,000. New York State Common Retirement Fund grew its holdings in shares of Alexandria Real Estate Equities by 3.8% in the first quarter. New York State Common Retirement Fund now owns 254,170 shares of the real estate investment trust’s stock valued at $23,513,000 after purchasing an additional 9,330 shares during the period. TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter worth about $34,000. Finally, CWM LLC raised its stake in Alexandria Real Estate Equities by 233.8% during the first quarter. CWM LLC now owns 34,511 shares of the real estate investment trust’s stock worth $3,193,000 after purchasing an additional 24,172 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.4%

NYSE ARE opened at $54.25 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $52.94 and a 52 week high of $114.69. The firm has a 50 day moving average of $76.29 and a two-hundred day moving average of $75.43. 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 stock has a market capitalization of $9.38 billion, a PE ratio of -21.96, 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). The firm had revenue of $751.94 million for 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 period last year, the firm posted $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 9.7%. Alexandria Real Estate Equities’s dividend payout ratio is presently -213.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 target price on the stock. Citigroup reissued a “neutral” rating on shares of Alexandria Real Estate Equities in a research report on Monday, November 3rd. Cantor Fitzgerald dropped their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, Evercore ISI cut their price objective on Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $81.71.

Alexandria Real Estate Equities 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.