Duff & Phelps Investment Management Co. Increases Holdings in Alexandria Real Estate Equities, Inc. $ARE

Duff & Phelps Investment Management Co. increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1,725.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 450,062 shares of the real estate investment trust’s stock after acquiring an additional 425,411 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Alexandria Real Estate Equities were worth $37,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Alexandria Real Estate Equities in the second quarter valued at about $1,195,306,000. Lasalle Investment Management Securities LLC increased its position in shares of Alexandria Real Estate Equities by 89.2% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after purchasing an additional 554,236 shares during the last quarter. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 528,575 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 34.0% in the second quarter. AQR Capital Management LLC now owns 2,033,247 shares of the real estate investment trust’s stock worth $145,601,000 after buying an additional 515,405 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Alexandria Real Estate Equities by 114.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock valued at $55,020,000 after buying an additional 404,938 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the subject of a number of research reports. BNP Paribas Exane reduced their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Robert W. Baird cut their price objective on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised their target price on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group began coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Cantor Fitzgerald boosted their price target on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.33.

Alexandria Real Estate Equities Stock Down 1.6%

Shares of ARE stock opened at $50.25 on Thursday. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of -5.95, a PEG ratio of 6.18 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. The company’s fifty day moving average price is $54.14 and its 200-day moving average price is $61.86. Alexandria Real Estate Equities, Inc. has a one year low of $44.10 and a one year high of $101.21.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The business had revenue of $754.41 million during the quarter, compared to analyst estimates 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%.Alexandria Real Estate Equities’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.7%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) 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 shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.08% of the company’s stock.

Alexandria Real Estate Equities Company 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.