Rhumbline Advisers Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Rhumbline Advisers lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,904 shares of the real estate investment trust’s stock after selling 12,035 shares during the quarter. Rhumbline Advisers owned about 0.19% of Alexandria Real Estate Equities worth $27,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ARE. Loomis Sayles & Co. L P bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its position in Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 355 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. MUFG Securities EMEA plc acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Alexandria Real Estate Equities by 431.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 548 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Cantor Fitzgerald raised their price target on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Trading Up 4.2%

Alexandria Real Estate Equities stock opened at $52.52 on Monday. The stock has a 50-day moving average price of $52.25 and a 200 day moving average price of $64.69. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of -6.22, a price-to-earnings-growth ratio of 6.35 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $105.14. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The company had revenue of $754.41 million for the quarter, compared to the consensus estimate of $742.64 million. During the same quarter in the prior year, the company earned $2.39 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.72 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. Alexandria Real Estate Equities’s payout ratio is currently -34.12%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share buyback program on Monday, December 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 25,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sheila K. Mcgrath purchased 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the completion of the transaction, the director owned 8,392 shares of the company’s stock, valued at $382,675.20. This represents a 58.58% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.15% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities 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.