Redwood Investment Management LLC Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

Redwood Investment Management LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,380 shares of the real estate investment trust’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at $252,000. Adelante Capital Management LLC bought a new stake in Alexandria Real Estate Equities in the second quarter valued at about $3,609,000. Corient Private Wealth LP bought a new stake in Alexandria Real Estate Equities in the second quarter valued at about $1,724,000. Bamco Inc. NY acquired a new position in Alexandria Real Estate Equities in the second quarter worth about $17,767,000. Finally, Bank of America Corp DE bought a new position in Alexandria Real Estate Equities during the second quarter worth about $61,516,000. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane increased their target price on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Citigroup upped their target price on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, BMO Capital Markets lifted their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Reduce” and an average target price of $52.85.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $46.28 per share, with a total value of $231,400.00. Following the completion of the purchase, the chairman directly owned 592,724 shares of the company’s stock, valued at $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $52.32 on Friday. The business has a fifty day moving average of $50.73 and a 200-day moving average of $49.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24. The firm has a market cap of $9.12 billion, a PE ratio of -8.63 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. During the same quarter last year, the company earned $2.33 EPS. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

About Alexandria Real Estate Equities

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.