AlphaStar Capital Management LLC Buys Shares of 5,357 Alexandria Real Estate Equities, Inc. $ARE

by · The Markets Daily

AlphaStar Capital Management LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,357 shares of the real estate investment trust’s stock, valued at approximately $389,000.

Several other large investors have also recently bought and sold shares of ARE. Sound Income Strategies LLC bought a new position in Alexandria Real Estate Equities in the second quarter valued at about $25,000. American National Bank & Trust bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $29,000. Avalon Trust Co bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $32,000. TruNorth Capital Management LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $34,000. Finally, Cromwell Holdings LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $36,000. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARE. Cantor Fitzgerald lowered their price objective on Alexandria Real Estate Equities from $79.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $104.00 to $74.00 in a research report on Friday. Royal Bank Of Canada lowered their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 29th. BMO Capital Markets began coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $90.33.

View Our Latest Stock Analysis on Alexandria Real Estate Equities

Alexandria Real Estate Equities Trading Up 3.4%

Shares of ARE stock opened at $58.30 on Friday. 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, Inc. has a fifty-two week low of $55.02 and a fifty-two week high of $116.52. The stock has a 50 day simple moving average of $79.54 and a two-hundred day simple moving average of $76.38. The company has a market cap of $10.08 billion, a P/E ratio of -23.60, a PEG ratio of 5.06 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released 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 firm had revenue of $751.94 million for 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 company’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Research 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.1%. Alexandria Real Estate Equities’s payout ratio is currently -213.77%.

About Alexandria Real Estate Equities

(Free Report)

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.

Further Reading

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