Strs Ohio Makes New $41.46 Million Investment in Alexandria Real Estate Equities, Inc. $ARE

Strs Ohio acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 448,135 shares of the real estate investment trust’s stock, valued at approximately $41,457,000.

Several other large investors have also recently bought and sold shares of the company. Mattson Financial Services LLC lifted its holdings in Alexandria Real Estate Equities by 32.3% during the 1st quarter. Mattson Financial Services LLC now owns 9,562 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 2,335 shares in the last quarter. Focus Partners Wealth lifted its holdings in Alexandria Real Estate Equities by 171.5% during the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 4,163 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter worth $156,000. 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 valued at $152,322,000 after purchasing an additional 36,468 shares during the period. Finally, Woodline Partners LP lifted its stake in shares of Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 3,714 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 20th. Baird R W cut their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Finally, Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $84.82 on Friday. The company has a market capitalization of $14.67 billion, a PE ratio of -652.46, a PEG ratio of 7.06 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $79.02 and its 200 day simple moving average is $80.18.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -4,061.54%.

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.