Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,106,767 shares of the real estate investment trust’s stock after selling 171,361 shares during the period. Legal & General Group Plc’s holdings in Alexandria Real Estate Equities were worth $175,578,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alexandria Real Estate Equities by 102.4% in 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 buying an additional 11,762 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 3,068 shares during the last quarter. Empowered Funds LLC boosted its holdings in 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 worth $597,000 after purchasing an additional 296 shares during the period. Woodline Partners LP lifted its position in shares of Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 3,714 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Alexandria Real Estate Equities by 171.5% during the first 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. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 25,000 shares of the stock in a transaction on Thursday, February 12th. The shares were purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $50.23 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of -5.95, a PEG ratio of 6.08 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $44.10 and a 1 year high of $101.21. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $54.16 and its 200 day simple moving average is $61.78.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. During the same quarter in the previous year, the business earned $2.39 EPS. The business’s 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. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase 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 repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed 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. This represents a $2.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently -34.12%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several analyst reports. Cantor Fitzgerald boosted their price target on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley dropped their price target on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. The Goldman Sachs Group started coverage on Alexandria Real Estate Equities in a research note on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.33.

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.