Vert Asset Management LLC Sells 4,614 Shares of Alexandria Real Estate Equities, Inc. $ARE

Vert Asset Management LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,747 shares of the real estate investment trust’s stock after selling 4,614 shares during the quarter. Alexandria Real Estate Equities comprises approximately 1.8% of Vert Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Vert Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $4,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after acquiring an additional 882,963 shares during the last quarter. Northern Trust Corp boosted its stake in Alexandria Real Estate Equities by 6.2% during the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after acquiring an additional 158,177 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock worth $234,067,000 after acquiring an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after acquiring an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust’s stock worth $152,322,000 after acquiring an additional 36,468 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the topic of several recent analyst reports. BMO Capital Markets started 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 price objective on the stock. BNP Paribas lowered shares of Alexandria Real Estate Equities to an “underperform” rating and set a $82.00 price target on the stock. in a research note on Wednesday. Baird R W cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Cantor Fitzgerald set a $88.00 price target on shares of Alexandria Real Estate Equities and gave the company a “neutral” rating in a research note on Wednesday. Finally, Mizuho cut their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.60.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $83.45 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $123.10. The company has a market capitalization of $14.43 billion, a PE ratio of -641.95, a price-to-earnings-growth ratio of 7.00 and a beta of 1.31. The firm’s 50 day moving average is $80.92 and its 200-day moving average is $78.72.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the company earned $2.36 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is presently -4,061.54%.

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.