Transcend Capital Advisors LLC Buys Shares of 3,055 Alexandria Real Estate Equities, Inc. $ARE

Transcend Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, Holdings Channel.com reports. The firm bought 3,055 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brookwood Investment Group LLC raised its stake in shares of Alexandria Real Estate Equities by 75.9% during the second quarter. Brookwood Investment Group LLC now owns 7,130 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 3,076 shares in the last quarter. CCLA Investment Management raised its stake in shares of Alexandria Real Estate Equities by 4.7% during the second quarter. CCLA Investment Management now owns 833,308 shares of the real estate investment trust’s stock valued at $60,506,000 after purchasing an additional 37,182 shares in the last quarter. Pasadena Private Wealth LLC raised its stake in shares of Alexandria Real Estate Equities by 46.3% during the second quarter. Pasadena Private Wealth LLC now owns 8,554 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 2,709 shares in the last quarter. Chilton Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 8.7% during the second quarter. Chilton Capital Management LLC now owns 80,307 shares of the real estate investment trust’s stock valued at $5,924,000 after purchasing an additional 6,398 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Alexandria Real Estate Equities by 25.1% during the second quarter. Wealthfront Advisers LLC now owns 52,079 shares of the real estate investment trust’s stock valued at $3,782,000 after purchasing an additional 10,442 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 8th. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a research note on Wednesday, October 1st. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $91.00 to $104.00 in a research note on Monday, September 15th. Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, October 6th. They set a “hold” rating and a $80.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.20.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $56.37 on Friday. The business’s 50-day moving average price is $79.99 and its 200 day moving average price is $76.55. The firm has a market cap of $9.74 billion, a P/E ratio of -22.82, a PEG ratio of 5.06 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52-week low of $55.02 and a 52-week high of $116.52. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The firm 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%.Alexandria Real Estate Equities’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm 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, sell-side analysts predict 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -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.