Senvest Management LLC Takes $12.43 Million Position in Alexandria Real Estate Equities, Inc. $ARE

Senvest Management LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 171,134 shares of the real estate investment trust’s stock, valued at approximately $12,429,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Presima Securities ULC increased its holdings in shares of Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after buying an additional 170 shares during the period. CX Institutional boosted its holdings in Alexandria Real Estate Equities by 13.8% during the 2nd quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 175 shares during the period. Zions Bancorporation National Association UT grew its position in Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock worth $4,037,000 after acquiring an additional 202 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,602 shares of the real estate investment trust’s stock worth $1,278,000 after purchasing an additional 206 shares during the period. Finally, New York Life Investment Management LLC increased its stake in Alexandria Real Estate Equities by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 23,096 shares of the real estate investment trust’s stock worth $1,677,000 after purchasing an additional 251 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Down 2.8%

Shares of NYSE ARE opened at $50.82 on Tuesday. The stock has a market cap of $8.78 billion, a P/E ratio of -20.57, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $50.51 and a 1 year high of $112.42. The firm has a 50-day moving average of $73.25 and a 200 day moving average of $74.67.

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 for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The firm had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 10.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

Analyst Ratings Changes

ARE has been the topic of several recent analyst reports. Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Monday, November 3rd. Citigroup reissued a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research note on Tuesday, October 28th. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Three research 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. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Reduce” and a consensus price target of $79.38.

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.