Quinn Opportunity Partners LLC Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

Quinn Opportunity Partners LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, HoldingsChannel reports. The firm bought 63,616 shares of the real estate investment trust’s stock, valued at approximately $4,620,000.

A number of other hedge funds have also recently modified their holdings of ARE. Invesco Ltd. lifted its position 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 valued at $291,198,000 after acquiring an additional 882,963 shares during the period. Northern Trust Corp grew its holdings in shares of Alexandria Real Estate Equities by 6.2% in 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 during the period. Charles Schwab Investment Management Inc. increased its position in Alexandria Real Estate Equities by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after acquiring an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Alexandria Real Estate Equities by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after purchasing an additional 330,673 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Alexandria Real Estate Equities by 2.3% in 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 purchasing an additional 36,468 shares during the period. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research report on Wednesday, October 1st. BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $81.71.

Alexandria Real Estate Equities Trading Up 1.1%

ARE opened at $54.86 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $52.94 and a 12 month high of $112.42. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $75.77 and a 200 day moving average of $75.28. The firm has a market cap of $9.48 billion, a P/E ratio of -22.21, a P/E/G ratio of 5.06 and a beta of 1.29.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). The company had revenue of $751.94 million during 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%. Alexandria Real Estate Equities’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 9.6%. 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.