PNC Financial Services Group Inc. Sells 82,976 Shares of Alexandria Real Estate Equities, Inc. $ARE

PNC Financial Services Group Inc. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 61.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,954 shares of the real estate investment trust’s stock after selling 82,976 shares during the period. PNC Financial Services Group Inc.’s holdings in Alexandria Real Estate Equities were worth $4,330,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. TT Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 13.0% in the third quarter. TT Capital Management LLC now owns 68,779 shares of the real estate investment trust’s stock worth $5,732,000 after buying an additional 7,936 shares during the period. Metis Global Partners LLC increased its holdings in Alexandria Real Estate Equities by 20.2% in the 3rd quarter. Metis Global Partners LLC now owns 49,903 shares of the real estate investment trust’s stock worth $4,159,000 after acquiring an additional 8,397 shares in the last quarter. Assetmark Inc. increased its holdings in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Assetmark Inc. now owns 48,922 shares of the real estate investment trust’s stock worth $4,077,000 after acquiring an additional 1,479 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Alexandria Real Estate Equities by 5.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 33,444 shares of the real estate investment trust’s stock worth $2,787,000 after acquiring an additional 1,765 shares during the period. Finally, Atria Investments Inc lifted its holdings in Alexandria Real Estate Equities by 4.6% during the third quarter. Atria Investments Inc now owns 40,942 shares of the real estate investment trust’s stock valued at $3,412,000 after purchasing an additional 1,785 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARE. Morgan Stanley reduced their price objective on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research note on Thursday, December 4th. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. Finally, BMO Capital Markets increased their target price on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.73.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath acquired 3,100 shares of the stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the transaction, the director directly owned 8,392 shares of the company’s stock, valued at $382,675.20. This trade represents a 58.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joel S. Marcus acquired 25,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares in the company, valued at approximately $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $53.65 on Friday. The business’s 50-day moving average is $53.04 and its 200 day moving average is $64.06. Alexandria Real Estate Equities, Inc. has a 12 month low of $44.10 and a 12 month high of $105.14. The company has a market capitalization of $9.30 billion, a P/E ratio of -6.36, a P/E/G ratio of 6.48 and a beta of 1.31. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.01. The business had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. 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 repurchase plan on Monday, December 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.