Swiss National Bank trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 23.9% in the 1st quarter, Holdings Channel reports. The fund owned 307,800 shares of the real estate investment trust’s stock after selling 96,600 shares during the quarter. Swiss National Bank’s holdings in Alexandria Real Estate Equities were worth $14,288,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ARE. CYBER HORNET ETFs LLC bought a new position in Alexandria Real Estate Equities during the second quarter worth $30,000. BOKF NA boosted its holdings in Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares during the period. MUFG Securities EMEA plc bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. CIBC Private Wealth Group LLC grew its position in Alexandria Real Estate Equities by 109.6% in the 3rd 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. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Gregory Calvin Thomas bought 3,500 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the executive vice president owned 33,024 shares in the company, valued at approximately $1,353,984. This trade represents a 11.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Joel S. Marcus purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average cost of $42.72 per share, with a total value of $320,400.00. Following the acquisition, the chairman directly owned 587,724 shares in the company, valued at $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.35% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. During the same quarter last year, the firm earned $2.30 EPS. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.
Analyst Ratings Changes
Several research firms recently weighed in on ARE. Zacks Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. 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. Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Robert W. Baird reissued a “neutral” rating and set a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Finally, Jefferies Financial Group lowered their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $51.08.
Check Out Our Latest Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Company 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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