Vanderbilt University reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,972 shares of the real estate investment trust’s stock after selling 13,903 shares during the quarter. Vanderbilt University’s holdings in Alexandria Real Estate Equities were worth $1,391,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ARE. DNB Asset Management AS lifted its holdings in shares of Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after buying an additional 50,810 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Alexandria Real Estate Equities by 159.3% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock worth $40,955,000 after purchasing an additional 301,906 shares in the last quarter. Gradient Investments LLC lifted its stake in Alexandria Real Estate Equities by 1,453.9% in the 4th quarter. Gradient Investments LLC now owns 257,838 shares of the real estate investment trust’s stock worth $12,619,000 after purchasing an additional 241,245 shares in the last quarter. GSI Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $3,791,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 21.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock valued at $69,293,000 after purchasing an additional 253,402 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Insider Buying and Selling
In related news, EVP Gregory Calvin Thomas purchased 3,500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. This represents a 11.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company’s stock.
Alexandria Real Estate Equities Trading Down 0.6%
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.
Analyst Ratings Changes
Several equities analysts have weighed in on ARE shares. Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.62.
Get Our Latest Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities 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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