172,549 Shares in Alexandria Real Estate Equities, Inc. $ARE Acquired by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 172,549 shares of the real estate investment trust’s stock, valued at approximately $8,445,000.

Other hedge funds also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alexandria Real Estate Equities by 1,022.1% during the 3rd 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 valued at $151,175,000 after acquiring an additional 1,652,298 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $61,255,000. AQR Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 26.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock valued at $211,682,000 after acquiring an additional 531,668 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in Alexandria Real Estate Equities by 1,725.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 450,062 shares of the real estate investment trust’s stock valued at $37,508,000 after acquiring an additional 425,411 shares during the period. Finally, State Street Corp raised its holdings in Alexandria Real Estate Equities by 3.7% during the 3rd quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after acquiring an additional 399,286 shares during the period. Institutional investors own 96.54% of the company’s stock.

Insider Activity

In other news, EVP Gregory Calvin Thomas purchased 3,500 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the transaction, the executive vice president directly owned 33,024 shares of the company’s stock, valued at approximately $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the transaction, the executive vice president owned 48,301 shares of the company’s stock, valued at $2,328,108.20. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ARE. The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday. Cantor Fitzgerald lowered their target price on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. BNP Paribas Exane lowered their target price on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a report on Tuesday, April 28th. Citigroup reissued an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.31.

Get Our Latest Stock Analysis on ARE

Alexandria Real Estate Equities Stock Up 1.1%

ARE opened at $48.36 on Friday. The company has a fifty day moving average price of $46.12 and a 200-day moving average price of $50.17. The firm has a market capitalization of $8.43 billion, a P/E ratio of -7.71, a price-to-earnings-growth ratio of 5.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last released 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 firm had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is -45.93%.

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.

See Also

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report).

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

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