Strs Ohio Increases Position in Alexandria Real Estate Equities, Inc. $ARE

Strs Ohio raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 452,235 shares of the real estate investment trust’s stock after buying an additional 4,100 shares during the quarter. Strs Ohio’s holdings in Alexandria Real Estate Equities were worth $32,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 149 shares during the period. Analyst IMS Investment Management Services Ltd. increased its position in shares of Alexandria Real Estate Equities by 48.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock worth $52,415,000 after acquiring an additional 235,093 shares during the period. American Assets Investment Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $569,000. SYM FINANCIAL Corp purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $359,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $743,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. BNP Paribas Exane cut their price objective on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a research report on Tuesday. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, October 6th. They set a “hold” rating and a $80.00 price objective on the stock. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $91.00 to $104.00 in a research report on Monday, September 15th. Finally, BMO Capital Markets assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.20.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $56.37 on Friday. The firm has a market capitalization of $9.74 billion, a PE ratio of -22.82, a price-to-earnings-growth ratio of 5.06 and a beta of 1.31. The business’s fifty day moving average price is $79.99 and its 200 day moving average price is $76.55. 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 12 month low of $55.02 and a 12 month high of $116.52.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.09). The business had revenue of $751.94 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

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.