Swiss National Bank Sells 24,600 Shares of Alexandria Real Estate Equities, Inc. $ARE

Swiss National Bank lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 448,800 shares of the real estate investment trust’s stock after selling 24,600 shares during the quarter. Swiss National Bank’s holdings in Alexandria Real Estate Equities were worth $37,403,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ARE. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $1,195,306,000. Lasalle Investment Management Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 89.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock worth $85,370,000 after acquiring an additional 554,236 shares during the last quarter. Invesco Ltd. increased its position in Alexandria Real Estate Equities by 16.8% during the second quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock worth $267,011,000 after acquiring an additional 528,575 shares during the period. AQR Capital Management LLC increased its position in Alexandria Real Estate Equities by 34.0% during the second quarter. AQR Capital Management LLC now owns 2,033,247 shares of the real estate investment trust’s stock worth $145,601,000 after acquiring an additional 515,405 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Alexandria Real Estate Equities by 114.8% during the 2nd 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 during the last quarter. 96.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 25,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares in the company, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.53 during trading on Friday, reaching $49.72. 257,598 shares of the company’s stock were exchanged, compared to its average volume of 2,550,002. The company has a market capitalization of $8.62 billion, a P/E ratio of -5.89, a PEG ratio of 6.08 and a beta of 1.31. 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 business has a 50 day moving average price of $54.16 and a 200 day moving average price of $61.78. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $101.21.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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. The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, 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 initiated a share buyback program on Monday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is -34.12%.

Analysts Set New Price Targets

ARE has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Morgan Stanley dropped their price objective on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $60.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $65.33.

Alexandria Real Estate Equities 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.