State of Alaska Department of Revenue boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,247 shares of the real estate investment trust’s stock after buying an additional 27,031 shares during the quarter. State of Alaska Department of Revenue’s holdings in Alexandria Real Estate Equities were worth $6,087,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ARE. FNY Investment Advisers LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $26,000. First Bancorp Inc ME acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $26,000. Basecamp Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 3,723.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 633 shares in the last quarter. Danske Bank A S bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $42,000. Finally, Compass Financial Management LLC bought a new position in Alexandria Real Estate Equities during the second quarter worth about $57,000. Institutional investors own 96.54% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Alexandria Real Estate Equities from $47.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, September 24th. Raymond James Financial set a $41.00 price target on Alexandria Real Estate Equities in a research note on Monday, October 12th. BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $48.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, September 29th. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Finally, The Goldman Sachs Group boosted their price objective on Alexandria Real Estate Equities from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Two 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 data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $50.86.
Check Out Our Latest Stock Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Trading Down 1.8%
NYSE ARE traded down $0.76 during mid-day trading on Friday, reaching $41.58. 2,200,003 shares of the stock were exchanged, compared to its average volume of 2,120,936. The stock has a market cap of $7.25 billion, a P/E ratio of -6.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $78.51. The stock has a 50 day simple moving average of $49.57 and a 200-day simple moving average of $49.02.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $464.86 million. During the same period last year, the company posted $2.33 EPS. The business’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, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 6.9%. Alexandria Real Estate Equities’s dividend payout ratio is currently -47.52%.
Insider Activity
In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the sale, the chief accounting officer owned 102,516 shares in the company, valued at approximately $5,221,139.88. The trade was a 8.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Joel Marcus bought 5,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $49.68 per share, with a total value of $248,400.00. Following the completion of the transaction, the chairman owned 597,724 shares of the company’s stock, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is currently owned by company insiders.
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.
Alexandria’s properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.
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