New York Life Investment Management LLC boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,145 shares of the real estate investment trust’s stock after buying an additional 13,996 shares during the quarter. New York Life Investment Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,720,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth $29,000. Cornerstone Planning Group LLC grew its position in shares of Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 355 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth $30,000. BOKF NA increased its stake 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 position in Alexandria Real Estate Equities in the 2nd quarter worth $33,000. 96.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently weighed in on ARE shares. BNP Paribas Exane lowered their target price on Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Cantor Fitzgerald lowered their price objective on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.92.
Insiders Place Their Bets
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 7,500 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $42.72 per share, for a total transaction of $320,400.00. Following the purchase, the chairman directly owned 587,724 shares of the company’s stock, valued at $25,107,569.28. This trade represents a 1.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory Calvin Thomas acquired 3,500 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, April 30th. The shares were bought 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 of the company’s stock, valued at approximately $1,353,984. The trade was a 11.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.
Alexandria Real Estate Equities Trading Up 3.8%
Shares of Alexandria Real Estate Equities stock opened at $46.67 on Tuesday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. 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 capitalization of $8.13 billion, a P/E ratio of -7.44, a P/E/G ratio of 5.45 and a beta of 1.12. The company has a fifty day moving average of $46.38 and a 200 day moving average of $50.41.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period last year, the firm earned $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.2%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.
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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