Capital World Investors Sells 106,411 Shares of Alexandria Real Estate Equities, Inc. $ARE

Capital World Investors lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.8% in the third quarter, HoldingsChannel.com reports. The firm owned 3,691,381 shares of the real estate investment trust’s stock after selling 106,411 shares during the quarter. Capital World Investors’ holdings in Alexandria Real Estate Equities were worth $307,640,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 50.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 195,957 shares of the real estate investment trust’s stock valued at $16,332,000 after purchasing an additional 65,829 shares during the last quarter. Private Advisor Group LLC bought a new position in Alexandria Real Estate Equities during the third quarter worth $425,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in Alexandria Real Estate Equities by 22.1% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 56,405 shares of the real estate investment trust’s stock valued at $4,701,000 after buying an additional 10,202 shares during the period. Natixis Advisors LLC boosted its position in Alexandria Real Estate Equities by 15.0% during the third quarter. Natixis Advisors LLC now owns 157,493 shares of the real estate investment trust’s stock valued at $13,125,000 after acquiring an additional 20,589 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Alexandria Real Estate Equities by 62.1% during the third quarter. First Trust Advisors LP now owns 218,733 shares of the real estate investment trust’s stock valued at $18,229,000 after acquiring an additional 83,778 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus acquired 25,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company’s stock, valued at $30,342,078.08. The trade was a 4.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citizens Jmp lowered Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. The Goldman Sachs Group assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 target price on the stock. BMO Capital Markets raised their target price on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Morgan Stanley lowered their target price on Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Finally, Evercore boosted their price target on 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 equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $65.33.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $50.25 on Thursday. The firm has a market capitalization of $8.71 billion, a P/E ratio of -5.95, a P/E/G ratio of 6.18 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $101.21. The stock has a 50 day moving average price of $54.14 and a two-hundred day moving average price of $61.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current 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 for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company earned $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts forecast 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 has authorized a share repurchase plan on Monday, December 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.72 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 annualized dividend and a yield of 5.7%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.

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.