Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Leibman Financial Services Inc.

Leibman Financial Services Inc. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,128 shares of the real estate investment trust’s stock after acquiring an additional 11,625 shares during the period. Alexandria Real Estate Equities comprises 3.5% of Leibman Financial Services Inc.’s portfolio, making the stock its 4th largest holding. Leibman Financial Services Inc.’s holdings in Alexandria Real Estate Equities were worth $4,678,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $1,195,306,000. State Street Corp increased its stake in Alexandria Real Estate Equities by 1.7% during the second quarter. State Street Corp now owns 10,873,745 shares of the real estate investment trust’s stock worth $803,863,000 after acquiring an additional 181,674 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after acquiring an additional 82,591 shares during the period. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock worth $267,011,000 after acquiring an additional 528,575 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 4.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock valued at $192,848,000 after acquiring an additional 125,020 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 1.1%

Shares of ARE opened at $49.11 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65. The stock has a market cap of $8.49 billion, a PE ratio of -19.88, a PEG ratio of 4.19 and a beta of 1.32. Alexandria Real Estate Equities, Inc. has a 1 year low of $44.10 and a 1 year high of $105.14. The stock has a 50 day simple moving average of $53.73 and a 200-day simple moving average of $69.94.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.09). The firm had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share buyback plan on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently -213.77%.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $45.60 per share, with a total value of $141,360.00. Following the acquisition, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research reports. Cantor Fitzgerald decreased their price target on Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Robert W. Baird lowered their price target on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. BMO Capital Markets set a $60.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday, December 4th. Finally, Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $69.60.

About Alexandria Real Estate Equities

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.