Alexandria Real Estate Equities, Inc. $ARE Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,870,994 shares of the real estate investment trust’s stock after selling 1,410,236 shares during the quarter. JPMorgan Chase & Co.’s holdings in Alexandria Real Estate Equities were worth $239,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ARE. TT Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 13.0% in the 3rd quarter. TT Capital Management LLC now owns 68,779 shares of the real estate investment trust’s stock worth $5,732,000 after acquiring an additional 7,936 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Alexandria Real Estate Equities by 20.2% during the third quarter. Metis Global Partners LLC now owns 49,903 shares of the real estate investment trust’s stock valued at $4,159,000 after purchasing an additional 8,397 shares during the last quarter. Assetmark Inc. boosted its position in shares of Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Assetmark Inc. now owns 48,922 shares of the real estate investment trust’s stock valued at $4,077,000 after purchasing an additional 1,479 shares during the period. Public Sector Pension Investment Board increased its stake in Alexandria Real Estate Equities by 5.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 33,444 shares of the real estate investment trust’s stock worth $2,787,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in Alexandria Real Estate Equities by 4.6% during the 3rd quarter. Atria Investments Inc now owns 40,942 shares of the real estate investment trust’s stock worth $3,412,000 after buying an additional 1,785 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Activity at Alexandria Real Estate Equities

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

Alexandria Real Estate Equities Trading Up 0.5%

Alexandria Real Estate Equities stock opened at $53.65 on Friday. 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 quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $9.30 billion, a P/E ratio of -6.36, a P/E/G ratio of 6.48 and a beta of 1.31. The company’s fifty day simple moving average is $53.04 and its 200-day simple moving average is $64.06.

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

Alexandria Real Estate Equities declared that its board has approved a stock buyback program on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically 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 was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid 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 5.4%. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Morgan Stanley cut their target price on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. BMO Capital Markets increased their target price on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Robert W. Baird lowered their price target on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Company Profile

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.