Savant Capital LLC Purchases 13,146 Shares of Alexandria Real Estate Equities, Inc. $ARE

Savant Capital LLC lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 65.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,270 shares of the real estate investment trust’s stock after buying an additional 13,146 shares during the period. Savant Capital LLC’s holdings in Alexandria Real Estate Equities were worth $2,416,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ARE. Presima Securities ULC lifted its holdings in Alexandria Real Estate Equities by 1.4% during the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after acquiring an additional 170 shares in the last quarter. CX Institutional raised its position in shares of Alexandria Real Estate Equities by 13.8% during the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 175 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 1.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,602 shares of the real estate investment trust’s stock valued at $1,278,000 after purchasing an additional 206 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1.1% during the 2nd quarter. New York Life Investment Management LLC now owns 23,096 shares of the real estate investment trust’s stock valued at $1,677,000 after purchasing an additional 251 shares in the last quarter. Finally, Motco grew its position in shares of Alexandria Real Estate Equities by 42.0% in the 2nd quarter. Motco now owns 967 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ARE shares. Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Cantor Fitzgerald reduced their price target on shares of Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a research report on Tuesday, October 28th. Citigroup restated a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $81.71.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $54.25 on Tuesday. The firm’s 50 day moving average is $76.29 and its 200-day moving average is $75.43. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $9.38 billion, a PE ratio of -21.96, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a 12-month low of $52.94 and a 12-month high of $114.69.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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 for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.7%. 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.