Washington Trust Advisors Inc. Trims Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Washington Trust Advisors Inc. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 48.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 52,092 shares of the real estate investment trust’s stock after selling 49,802 shares during the period. Washington Trust Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $2,549,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ARE. Avalon Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $29,000. Cornerstone Planning Group LLC increased its stake in shares of Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 355 shares during the period. BOKF NA raised its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities in the second quarter worth about $30,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In related news, EVP Gregory Calvin Thomas purchased 3,500 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, with a total value of $143,500.00. Following the completion of the acquisition, the executive vice president owned 33,024 shares of the company’s stock, valued at $1,353,984. The trade was a 11.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Joel S. Marcus acquired 7,500 shares of the stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, for a total transaction of $320,400.00. Following the transaction, the chairman owned 587,724 shares in the company, valued at approximately $25,107,569.28. This represents a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 36,000 shares of company stock worth $1,811,900 over the last quarter. 1.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ARE shares. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. 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, Cantor Fitzgerald dropped their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $51.92.

Alexandria Real Estate Equities Trading Up 1.4%

NYSE ARE opened at $46.23 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a 50 day moving average price of $47.38 and a 200 day moving average price of $51.84. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.06 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 5.52 and a beta of 1.12.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The company’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.72 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.2%. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.

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.