Empirical Finance LLC Buys New Stake in Alexandria Real Estate Equities, Inc. $ARE

Empirical Finance LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.

A number of other institutional investors have also modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $25,000. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities during the first quarter worth $32,000. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $29,000. AlphaQuest LLC grew its holdings in Alexandria Real Estate Equities by 370.5% during the 1st quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 326 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Alexandria Real Estate Equities by 431.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.5%

NYSE ARE opened at $49.53 on Thursday. The firm has a market capitalization of $8.56 billion, a PE ratio of -20.05, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a one year low of $49.30 and a one year high of $112.42. The company has a 50-day simple moving average of $71.90 and a 200-day simple moving average of $74.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results 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 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 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 firm posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 10.7%. Alexandria Real Estate Equities’s dividend payout ratio is -213.77%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARE. Citigroup reaffirmed a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Monday, November 3rd. Royal Bank Of Canada decreased 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 report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Citizens Jmp cut Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $79.38.

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.