Strs Ohio Buys 235,801 Shares of Alexandria Real Estate Equities, Inc. $ARE

Strs Ohio grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 52.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,036 shares of the real estate investment trust’s stock after buying an additional 235,801 shares during the quarter. Strs Ohio owned approximately 0.40% of Alexandria Real Estate Equities worth $57,341,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ARE. Sound Income Strategies LLC purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $27,000. American National Bank & Trust purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $29,000. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth $30,000. Finally, MUFG Securities EMEA plc bought a new stake in Alexandria Real Estate Equities during the second quarter valued at about $33,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARE shares. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday. Robert W. Baird cut their target price on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. BNP Paribas Exane decreased their price target on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, December 4th. Finally, BMO Capital Markets set a $60.00 price objective on Alexandria Real Estate Equities in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $63.57.

Check Out Our Latest Stock Analysis on Alexandria Real Estate Equities

Key Headlines Impacting Alexandria Real Estate Equities

Here are the key news stories impacting Alexandria Real Estate Equities this week:

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the completion of the purchase, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $58.12 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $44.10 and a 12 month high of $105.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of -23.53, a PEG ratio of 7.06 and a beta of 1.31. The firm’s 50-day moving average is $50.90 and its 200 day moving average is $67.54.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its quarterly earnings data 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 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%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -116.60%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback program on Monday, December 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Profile

(Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

See Also

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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