Fort Washington Investment Advisors Inc. OH raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 562,063 shares of the real estate investment trust’s stock after purchasing an additional 16,697 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Alexandria Real Estate Equities were worth $26,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in ARE. Mather Group LLC. boosted its stake in Alexandria Real Estate Equities by 30.1% in the third quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 326 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $137,000. First Citizens Bank & Trust Co. purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $2,392,000. Signal Advisors Wealth LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $96,000. Finally, Krilogy Financial LLC lifted its holdings in shares of Alexandria Real Estate Equities by 5.9% in the 3rd quarter. Krilogy Financial LLC now owns 22,537 shares of the real estate investment trust’s stock worth $1,070,000 after acquiring an additional 1,258 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Trading Up 2.0%
NYSE:ARE opened at $42.32 on Friday. The company has a 50-day moving average price of $49.73 and a 200-day moving average price of $49.07. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 5.29 and a beta of 1.16. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $78.51.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.52). The firm had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%. The firm’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -47.52%.
Insider Buying and Selling at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 5,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were acquired at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the purchase, the chairman owned 597,724 shares in the company, valued at approximately $29,694,928.32. This trade represents a 0.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the sale, the executive vice president directly owned 39,152 shares in the company, valued at approximately $1,977,567.52. The trade was a 30.04% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by company insiders.
Analysts Set New Price Targets
ARE has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. BMO Capital Markets lowered their target price on Alexandria Real Estate Equities from $52.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, September 28th. Evercore restated an “outperform” rating and set a $59.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, September 21st. Royal Bank Of Canada set a $41.00 price target on Alexandria Real Estate Equities in a research report on Monday. Finally, JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from a “neutral” rating to an “underweight” rating and set a $56.00 price target on the stock. in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $50.86.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.
Alexandria’s properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.
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