Personal CFO Solutions LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,634 shares of the real estate investment trust’s stock, valued at approximately $596,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Alexandria Real Estate Equities by 159.3% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock valued at $40,955,000 after purchasing an additional 301,906 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Alexandria Real Estate Equities by 1,453.9% during the 4th quarter. Gradient Investments LLC now owns 257,838 shares of the real estate investment trust’s stock worth $12,619,000 after purchasing an additional 241,245 shares during the last quarter. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $805,429,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 21.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock worth $69,293,000 after purchasing an additional 253,402 shares in the last quarter. Finally, Davis Selected Advisers increased its holdings in Alexandria Real Estate Equities by 15.3% in the third quarter. Davis Selected Advisers now owns 180,157 shares of the real estate investment trust’s stock valued at $15,014,000 after buying an additional 23,970 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Insider Buying and Selling
In other news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, with a total value of $320,400.00. Following the completion of the acquisition, the chairman owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Up 1.1%
ARE stock opened at $48.56 on Friday. The company has a fifty day moving average price of $49.52 and a 200 day moving average price of $50.34. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The company has a market cap of $8.46 billion, a price-to-earnings ratio of -7.74, a price-to-earnings-growth ratio of 5.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) 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 company had revenue of $671.02 million for the quarter, compared to the consensus estimate of $684.78 million. During the same period last year, the firm posted $2.30 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -45.93%.
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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