Foresight Group Ltd Liability Partnership Decreases Holdings in Alexandria Real Estate Equities, Inc. $ARE

Foresight Group Ltd Liability Partnership reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,751 shares of the real estate investment trust’s stock after selling 4,106 shares during the quarter. Foresight Group Ltd Liability Partnership’s holdings in Alexandria Real Estate Equities were worth $2,079,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after purchasing an additional 882,963 shares during the last quarter. Northern Trust Corp raised its holdings in Alexandria Real Estate Equities by 6.2% during the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after purchasing an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock worth $234,067,000 after buying an additional 63,997 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock valued at $171,105,000 after buying an additional 330,673 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 buying an additional 36,468 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ARE shares. Royal Bank Of Canada cut their price target on shares of 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. Mizuho dropped their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Citigroup reduced their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Baird R W decreased their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. dropped 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. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $97.17.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $84.17 on Thursday. The stock’s 50-day moving average price is $78.86 and its 200 day moving average price is $80.27. 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 has a market capitalization of $14.56 billion, a PE ratio of -647.48, a price-to-earnings-growth ratio of 7.03 and a beta of 1.30. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. The company 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 company’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $2.36 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently -4,061.54%.

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.