Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 235,566 shares of the real estate investment trust’s stock, valued at approximately $12,450,000.
A number of other hedge funds also recently bought and sold shares of ARE. Farther Finance Advisors LLC grew its stake in Alexandria Real Estate Equities by 18.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 198 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 200 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of 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 buying an additional 228 shares during the last quarter. Finally, Quarry LP increased its position in shares of Alexandria Real Estate Equities by 33.9% during the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Insider Transactions at Alexandria Real Estate Equities
In other news, 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 transaction of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Price Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released its 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. During the same period last year, the firm earned $2.33 EPS. The company’s revenue for the quarter 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. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.37 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, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is presently -47.52%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ARE. Wall Street Zen cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. BNP Paribas Exane boosted their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Wednesday, August 5th. BMO Capital Markets upped their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. 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 stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Reduce” and a consensus price target of $52.38.
View Our Latest Stock 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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