Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 79.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,748 shares of the real estate investment trust’s stock after selling 25,635 shares during the period. Washington Trust Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $1,146,423,000. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth about $805,429,000. State Street Corp lifted its stake in Alexandria Real Estate Equities by 0.7% in the 4th quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after buying an additional 75,161 shares in the last quarter. Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after buying an additional 48,490 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research reports. Mizuho cut their price objective on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. BMO Capital Markets boosted their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Citigroup increased their price objective on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Cantor Fitzgerald lifted their target price on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Reduce” and an average price target of $52.85.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $52.59 on Tuesday. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $9.16 billion, a PE ratio of -8.68 and a beta of 1.15. The business has a 50 day simple moving average of $50.66 and a 200-day simple moving average of $49.46.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). The company had revenue of $662.78 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently -47.52%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CAO Andres Gavinet sold 10,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the transaction, the chief accounting officer owned 102,516 shares of the company’s stock, valued at approximately $5,221,139.88. The trade was a 8.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Joel S. Marcus acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $46.28 per share, with a total value of $231,400.00. Following the acquisition, the chairman directly owned 592,724 shares of the company’s stock, valued at $27,431,266.72. This trade represents a 0.85% increase in their position. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by 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.