Foundations Investment Advisors LLC Buys New Shares in Alexandria Real Estate Equities, Inc. $ARE

Foundations Investment Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, Holdings Channel reports. The firm purchased 4,927 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after buying an additional 82,591 shares in the last quarter. Invesco Ltd. grew its position in Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock valued at $291,198,000 after acquiring an additional 882,963 shares during the last quarter. Northern Trust Corp raised its stake in shares of Alexandria Real Estate Equities by 6.2% during the first 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 2.6% in 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. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock valued at $171,105,000 after purchasing an additional 330,673 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARE has been the topic of a number of analyst reports. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Jefferies Financial Group set a $62.00 target price on Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Monday, November 3rd. Finally, Evercore ISI decreased their price target on Alexandria Real Estate Equities from $104.00 to $74.00 in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $79.38.

Alexandria Real Estate Equities Stock Down 2.5%

NYSE ARE opened at $49.53 on Thursday. Alexandria Real Estate Equities, Inc. has a 1 year low of $49.30 and a 1 year high of $112.42. The stock has a market capitalization of $8.56 billion, a PE ratio of -20.05, a PEG 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. The business’s 50-day moving average is $71.90 and its 200 day moving average is $74.33.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The business 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 company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently -213.77%.

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.