Landscape Capital Management L.L.C. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 28,102 shares of the real estate investment trust’s stock, valued at approximately $1,485,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 18.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 198 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Alexandria Real Estate Equities by 109.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares during the last quarter. Finally, Quarry LP raised its position in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Analysts Set New Price Targets
ARE has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Evercore restated an “outperform” rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Cantor Fitzgerald lifted their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $52.38.
Insider Activity
In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus acquired 5,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares of the company’s stock, valued at approximately $27,431,266.72. The trade was a 0.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.
Alexandria Real Estate Equities Trading Up 0.9%
ARE stock opened at $53.42 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The company has a fifty day moving average price of $50.58 and a two-hundred day moving average price of $49.63. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of -8.82 and a beta of 1.15.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The company had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. Alexandria Real Estate Equities’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current year.
Alexandria Real Estate Equities Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.72 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio is -47.52%.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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