Lasalle Investment Management Securities LLC Boosts Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

Lasalle Investment Management Securities LLC increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 1,187,579 shares of the real estate investment trust’s stock after purchasing an additional 12,173 shares during the quarter. Alexandria Real Estate Equities makes up approximately 3.9% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 6th largest position. Lasalle Investment Management Securities LLC’s holdings in Alexandria Real Estate Equities were worth $98,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its position in Alexandria Real Estate Equities by 10.7% during the 2nd quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock worth $29,511,000 after acquiring an additional 39,117 shares during the last quarter. Washburn Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $949,000. Penserra Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 46.3% during the second quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after purchasing an additional 5,994 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Alexandria Real Estate Equities by 114.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock valued at $55,020,000 after purchasing an additional 404,938 shares in the last quarter. Finally, Amundi increased its stake in Alexandria Real Estate Equities by 2.9% in the 2nd quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock valued at $64,405,000 after buying an additional 22,820 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $54.07 on Friday. The company has a market cap of $9.37 billion, a P/E ratio of -6.41, a P/E/G ratio of 6.55 and a beta of 1.31. The firm’s fifty day moving average price is $53.68 and its two-hundred day moving average price is $63.28. Alexandria Real Estate Equities, Inc. has a one year low of $44.10 and a one year high of $105.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. During the same quarter last year, the company posted $2.39 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.3%. Alexandria Real Estate Equities’s dividend payout ratio is presently -34.12%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock repurchase program on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citizens Jmp downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 21st. BMO Capital Markets boosted their price target on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Finally, Evercore raised their target price on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $65.73.

Insider Buying and Selling

In other news, Director Sheila K. Mcgrath purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $45.60 per share, with a total value of $141,360.00. Following the acquisition, the director owned 8,392 shares in the company, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus purchased 25,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares in the company, valued at $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by company insiders.

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.