Swedbank AB Increases Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Swedbank AB increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,258 shares of the real estate investment trust’s stock after buying an additional 33,378 shares during the quarter. Swedbank AB’s holdings in Alexandria Real Estate Equities were worth $11,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $30,000. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $32,000. TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $34,000. Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $36,000. Finally, AlphaQuest LLC lifted its holdings in shares of Alexandria Real Estate Equities by 370.5% in 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 period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 1.0%

NYSE:ARE opened at $86.61 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $80.03 and its two-hundred day moving average is $79.26. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $125.60. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of -666.19, a price-to-earnings-growth ratio of 7.24 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.1%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -4,061.54%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARE shares. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $91.00 to $104.00 in a report on Monday, September 15th. Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. 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 for the company in a research note on Tuesday, July 29th. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Finally, 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. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.25.

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.