Norges Bank Invests $805.43 Million in Alexandria Real Estate Equities, Inc. $ARE

Norges Bank purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 16,457,471 shares of the real estate investment trust’s stock, valued at approximately $805,429,000. Norges Bank owned 0.09% of Alexandria Real Estate Equities at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ARE. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. BOKF NA raised its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ARE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Monday, April 20th. Cantor Fitzgerald dropped their target price on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Tuesday, March 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $51.23.

Alexandria Real Estate Equities Stock Down 0.7%

Shares of NYSE:ARE opened at $49.73 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $8.67 billion, a PE ratio of -7.93, a price-to-earnings-growth ratio of 6.02 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The firm has a 50 day simple moving average of $46.16 and a 200 day simple moving average of $49.98.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current year.

Insider Activity at Alexandria Real Estate Equities

In other news, EVP Gregory Calvin Thomas purchased 3,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the transaction, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. The trade was a 11.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Joel S. Marcus purchased 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average price of $42.72 per share, with a total value of $320,400.00. Following the transaction, the chairman owned 587,724 shares in the company, valued at $25,107,569.28. This represents a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.

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.