Engineers Gate Manager LP raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 385.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,871 shares of the real estate investment trust’s stock after acquiring an additional 107,109 shares during the quarter. Engineers Gate Manager LP’s holdings in Alexandria Real Estate Equities were worth $7,128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock worth $2,184,000 after purchasing an additional 11,762 shares during the period. NewEdge Advisors LLC raised its stake in Alexandria Real Estate Equities by 4,261.1% in the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 3,068 shares during the period. Empowered Funds LLC lifted its position in shares of Alexandria Real Estate Equities by 4.8% in the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 296 shares during the last quarter. Woodline Partners LP lifted its position in shares of Alexandria Real Estate Equities by 39.9% in the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after buying an additional 3,714 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Alexandria Real Estate Equities by 171.5% during the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 4,163 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ARE. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Cantor Fitzgerald increased their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $52.85.
Alexandria Real Estate Equities Trading Up 3.2%
Shares of Alexandria Real Estate Equities stock opened at $51.13 on Friday. The firm’s 50 day moving average is $50.48 and its 200 day moving average is $49.40. The firm has a market capitalization of $8.91 billion, a PE ratio of -8.44 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). The company had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business’s quarterly revenue 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. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio is currently -47.52%.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, Chairman Joel Marcus purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was purchased at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the purchase, the chairman owned 592,724 shares of the company’s stock, valued at approximately $27,431,266.72. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, August 31st. The stock was sold at an average price of $50.93, for a total transaction of $509,300.00. Following the transaction, the chief accounting officer owned 102,516 shares in the company, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by company insiders.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.
Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.
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