Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Davis Selected Advisers

Davis Selected Advisers lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 156,187 shares of the real estate investment trust’s stock after purchasing an additional 4,870 shares during the quarter. Davis Selected Advisers’ holdings in Alexandria Real Estate Equities were worth $11,344,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARE. AQR Capital Management LLC lifted its stake in Alexandria Real Estate Equities by 511.9% during the first quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock worth $140,416,000 after purchasing an additional 1,269,795 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after buying an additional 882,963 shares during the period. DAVENPORT & Co LLC lifted its stake in Alexandria Real Estate Equities by 1,796.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock worth $60,814,000 after acquiring an additional 791,712 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Alexandria Real Estate Equities by 79.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,233,606 shares of the real estate investment trust’s stock valued at $114,122,000 after acquiring an additional 544,358 shares during the period. Finally, Strs Ohio acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $41,457,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $52.23 on Friday. The stock’s 50-day simple moving average is $74.60 and its 200-day simple moving average is $74.97. The firm has a market capitalization of $9.03 billion, a PE ratio of -21.15, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $52.16 and a fifty-two week high of $112.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly 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). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The company had revenue of $751.94 million during the quarter, compared to analysts’ expectations of $752.90 million. During the same quarter in the prior year, the company earned $2.37 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.32 per share. 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 (DPR) is currently -213.77%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research report on Monday, November 3rd. Citigroup reiterated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. 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 research report on Monday, November 3rd. Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday, October 31st. Finally, Citizens Jmp cut Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Reduce” and a consensus target price of $81.71.

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.