Legal & General Group Plc Purchases Shares of 1,450,268 Alexandria Real Estate Equities, Inc. $ARE

Legal & General Group Plc acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,450,268 shares of the real estate investment trust’s stock, valued at approximately $76,647,000.

Several other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $805,429,000. Monaco Asset Management SAM acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $6,582,000. Handelsbanken Fonder AB lifted its holdings in Alexandria Real Estate Equities by 58.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock valued at $3,620,000 after purchasing an additional 25,300 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $8,445,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Alexandria Real Estate Equities by 789.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 46,052 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ARE shares. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Robert W. Baird raised their price target on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.85.

Alexandria Real Estate Equities Price Performance

ARE opened at $52.32 on Friday. The company has a fifty day moving average price of $50.73 and a two-hundred day moving average price of $49.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The firm has a market capitalization of $9.12 billion, a PE ratio of -8.63 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.5%. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. This trade represents a 0.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities 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.