28,102 Shares in Alexandria Real Estate Equities, Inc. $ARE Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 28,102 shares of Alexandria Real Estate Equities in the second quarter, valued at approximately $1.49 million. Institutional investors collectively own 96.54% of ARE.
• Analysts remain cautious, with a consensus rating of “Reduce” and an average price target of $52.38; recent targets range from $46 to $53.
• ARE shares opened at $53.42, while the company reported a quarterly loss of $0.43 per share and a 13% year-over-year revenue decline. Alexandria continues to pay a quarterly dividend of $0.72 per share, implying a 5.4% annualized yield.

Landscape Capital Management L.L.C. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,102 shares of the real estate investment trust's stock, valued at approximately $1,485,000.

A number of other hedge funds have also recently bought and sold shares of ARE. BlackRock Inc. bought a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $1,146,423,000. Norges Bank bought a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $805,429,000. State Street Corp boosted its holdings in Alexandria Real Estate Equities by 0.7% in the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust's stock valued at $563,418,000 after acquiring an additional 75,161 shares during the last quarter. Invesco Ltd. increased its position in Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after purchasing an additional 2,211,424 shares during the period. Finally, Geode Capital Management LLC increased its position in Alexandria Real Estate Equities by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust's stock worth $217,466,000 after purchasing an additional 48,490 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley restated an "underweight" rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Citizens Jmp reiterated a "market perform" rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Royal Bank Of Canada dropped 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 note on Tuesday, May 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $52.38.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $46.28 per share, for a total transaction of $231,400.00. Following the transaction, the chairman owned 592,724 shares of the company's stock, valued at $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the sale, the chief financial officer directly owned 188,264 shares of the company's stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $53.42 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24. The firm has a fifty day moving average of $50.58 and a 200-day moving average of $49.63. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of -8.82 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to analyst estimates 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 period 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. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.38 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -47.52%.

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.

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