Perigon Wealth Management LLC Invests $1.16 Million in Alexandria Real Estate Equities, Inc. $ARE

Perigon Wealth Management LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, Holdings Channel.com reports. The fund purchased 21,855 shares of the real estate investment trust’s stock, valued at approximately $1,155,000.

Several other institutional investors have also bought and sold shares of ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after buying an additional 11,762 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 3,068 shares during the last quarter. Empowered Funds LLC raised its stake in Alexandria Real Estate Equities by 4.8% in the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 296 shares during the period. Woodline Partners LP raised its stake in Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after acquiring an additional 3,714 shares during the period. Finally, Focus Partners Wealth lifted its holdings in Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 4,163 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARE. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Citizens Jmp reissued a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Citigroup raised their price objective 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, Evercore reiterated an “outperform” rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.38.

Alexandria Real Estate Equities Trading Down 2.3%

Shares of ARE opened at $45.86 on Wednesday. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24. The stock has a market cap of $7.99 billion, a PE ratio of -7.57 and a beta of 1.15. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $50.61 and its 200-day moving average price is $49.64.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same quarter last year, the business posted $2.33 earnings per share. Alexandria Real Estate Equities’s revenue was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.37 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

Insider Activity

In related news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company’s stock.

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.