Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,111 shares of the real estate investment trust’s stock after selling 35,911 shares during the period. Crawford Investment Counsel Inc.’s holdings in Alexandria Real Estate Equities were worth $38,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Alexandria Real Estate Equities by 38.8% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,043 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 1,411 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Alexandria Real Estate Equities by 4.3% during the third quarter. California Public Employees Retirement System now owns 327,018 shares of the real estate investment trust’s stock worth $27,254,000 after buying an additional 13,453 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Alexandria Real Estate Equities by 26.4% during the third quarter. Bank of Nova Scotia now owns 13,357 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 2,786 shares in the last quarter. Boothbay Fund Management LLC grew its position in Alexandria Real Estate Equities by 9.0% in the third quarter. Boothbay Fund Management LLC now owns 3,758 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 311 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Alexandria Real Estate Equities by 24.4% in the third quarter. Alliancebernstein L.P. now owns 426,858 shares of the real estate investment trust’s stock worth $35,574,000 after buying an additional 83,831 shares during the last quarter. 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 company’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald increased their price objective on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Mizuho cut their target price on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upped their target price on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group lifted their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $65.33.

Alexandria Real Estate Equities Price Performance

ARE opened at $48.39 on Friday. The firm has a market capitalization of $8.39 billion, a P/E ratio of -5.73, a PEG ratio of 5.86 and a beta of 1.31. The stock has a fifty day moving average of $54.15 and a 200-day moving average of $61.42. 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, Inc. has a 12-month low of $44.10 and a 12-month 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 for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The business had revenue of $754.41 million for the quarter, compared to the consensus estimate 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 previous year, the company posted $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback 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 repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is -34.12%.

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.