Korea Investment CORP Reduces Position in Alexandria Real Estate Equities, Inc. $ARE

Korea Investment CORP trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,558 shares of the real estate investment trust’s stock after selling 13,004 shares during the quarter. Korea Investment CORP’s holdings in Alexandria Real Estate Equities were worth $6,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $1,195,306,000. Lasalle Investment Management Securities LLC boosted its stake 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 worth $85,370,000 after purchasing an additional 554,236 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 16.8% during the second quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock worth $267,011,000 after buying an additional 528,575 shares in the last quarter. AQR Capital Management LLC raised its position 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 valued at $145,601,000 after buying an additional 515,405 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Alexandria Real Estate Equities by 114.8% in 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 last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the transaction, the chairman owned 562,724 shares in the company, 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

Alexandria Real Estate Equities Trading Up 0.1%

ARE stock opened at $50.23 on Friday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of -5.95, a PEG ratio of 6.08 and a beta of 1.31. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $54.16 and a 200-day simple moving average of $61.78. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $101.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The firm had revenue of $754.41 million for 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 firm earned $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.72 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.7%. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Evercore boosted their price target on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $60.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. Robert W. Baird decreased their price objective on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Finally, Citizens Jmp downgraded Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.