Pallas Capital Advisors LLC Makes New $1.13 Million Investment in Alexandria Real Estate Equities, Inc. $ARE

Pallas Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,336 shares of the real estate investment trust’s stock, valued at approximately $1,128,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BOKF NA raised its stake in shares of Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. CIBC Private Wealth Group LLC grew its holdings in Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 228 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth $33,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth $26,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Robert W. Baird reaffirmed a “neutral” rating and set a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. BMO Capital Markets increased their price target 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. Mizuho lowered their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Finally, BNP Paribas Exane upped their price objective on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Wednesday, August 5th. Two equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $52.38.

View Our Latest Analysis on ARE

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $45.86 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The company’s fifty day moving average price is $50.61 and its 200-day moving average price is $49.64. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The firm has a market capitalization of $7.99 billion, a PE ratio of -7.57 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last issued its earnings results 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 firm had revenue of $662.78 million during the quarter, compared to analysts’ expectations 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 revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. 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 6.37 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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

Insider Activity at Alexandria Real Estate Equities

In related news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction that occurred 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 $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.

About Alexandria Real Estate Equities

(Free Report)

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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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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