Generali Asset Management SPA SGR lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 84.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the real estate investment trust’s stock after selling 12,127 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Alexandria Real Estate Equities were worth $109,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC grew its stake in shares of Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the last quarter. BOKF NA raised its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have issued reports on ARE shares. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Royal Bank Of Canada decreased their target price on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut their target price on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Finally, Cantor Fitzgerald reduced their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.92.
Alexandria Real Estate Equities Stock Down 0.1%
Shares of NYSE:ARE opened at $46.23 on Monday. The firm has a 50 day simple moving average of $47.38 and a 200 day simple moving average of $51.84. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $8.06 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 5.60 and a beta of 1.12.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. During the same period in the previous year, the company posted $2.30 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, EVP Hallie E. Kuhn sold 536 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the sale, the executive vice president directly owned 48,301 shares in the company, valued at approximately $2,328,108.20. This trade represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Calvin Thomas bought 3,500 shares of the stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the purchase, the executive vice president owned 33,024 shares in the company, valued at approximately $1,353,984. This represents a 11.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 36,000 shares of company stock valued at $1,811,900. Corporate insiders own 1.35% of the company’s stock.
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.
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