70,139 Shares in Alexandria Real Estate Equities, Inc. $ARE Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 70,139 shares of the real estate investment trust’s stock, valued at approximately $5,094,000.

Several other institutional investors have also modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $25,000. Loomis Sayles & Co. L P purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth about $27,000. American National Bank & Trust acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $29,000. AlphaQuest LLC raised its position in Alexandria Real Estate Equities by 370.5% in the 1st quarter. AlphaQuest LLC now owns 414 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the purchase, the director owned 8,392 shares in the company, valued at $382,675.20. This represents a 58.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARE. Citizens Jmp lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Cantor Fitzgerald lowered their target price on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Finally, Evercore ISI decreased their price target on Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $71.36.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $47.43 on Tuesday. The company’s fifty day moving average price is $59.14 and its 200 day moving average price is $71.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $44.10 and a 12 month high of $105.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $8.20 billion, a P/E ratio of -19.20, a P/E/G ratio of 4.02 and a beta of 1.32.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). The company had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share repurchase plan on Monday, December 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -213.77%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.