Janus Henderson Group PLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 335.8% in the first quarter, Holdings Channel reports. The institutional investor owned 72,556 shares of the real estate investment trust’s stock after buying an additional 55,908 shares during the quarter. Janus Henderson Group PLC’s holdings in Alexandria Real Estate Equities were worth $3,367,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth $805,429,000. Invesco Ltd. lifted its position in shares of Alexandria Real Estate Equities by 57.9% during the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after purchasing an additional 2,211,424 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock worth $151,175,000 after purchasing an additional 1,652,298 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $72,144,000. Finally, Goldman Sachs Group Inc. increased its holdings in Alexandria Real Estate Equities by 52.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock valued at $175,322,000 after buying an additional 1,236,781 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Alexandria Real Estate Equities
In related news, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Price Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). The business had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.
Wall Street Analysts Forecast Growth
ARE has been the topic of a number of research analyst reports. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets lifted their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Friday, June 12th. Citigroup reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, July 27th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Friday, July 17th. Finally, Evercore upped their price objective on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $52.00.
View Our Latest Analysis on ARE
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.
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