Man Group plc Acquires New Position in Alexandria Real Estate Equities, Inc. $ARE

Man Group plc acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 94,498 shares of the real estate investment trust’s stock, valued at approximately $4,994,000. Man Group plc owned approximately 0.05% of Alexandria Real Estate Equities at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $1,146,423,000. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $805,429,000. State Street Corp boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock worth $563,418,000 after acquiring an additional 75,161 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after acquiring an additional 2,211,424 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after acquiring an additional 48,490 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. This represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. The trade was a 1.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.2%

ARE opened at $51.65 on Monday. The firm has a market cap of $9.00 billion, a P/E ratio of -8.52 and a beta of 1.15. The business’s fifty day simple moving average is $50.74 and its 200 day simple moving average is $49.51. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). The firm had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ARE shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Robert W. Baird upped their target price on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, August 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Cantor Fitzgerald lifted their price target on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $52.85.

Read Our Latest Analysis on ARE

Alexandria Real Estate Equities Company Profile

(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.

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

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