350,923 Shares in Alexandria Real Estate Equities, Inc. $ARE Bought by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management purchased 350,923 shares of Alexandria Real Estate Equities, valued at approximately $18.5 million, giving it a 0.20% stake. Institutional investors collectively own 96.54% of ARE.
• Analyst sentiment remains cautious: ARE has an average “Reduce” rating and a consensus price target of $52.38, with two Buy, ten Hold, and four Sell ratings.
• ARE shares opened at $50.46, while the company reported a quarterly loss of $0.43 per share versus expectations for $0.09 earnings. Alexandria declared a $0.72 quarterly dividend, equivalent to a 5.7% annualized yield.

Tocqueville Asset Management L.P. purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 350,923 shares of the real estate investment trust's stock, valued at approximately $18,546,000. Tocqueville Asset Management L.P. owned approximately 0.20% of Alexandria Real Estate Equities at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARE. BlackRock Inc. bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $1,146,423,000. Norges Bank bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $805,429,000. Invesco Ltd. raised 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust's stock worth $151,175,000 after purchasing an additional 1,652,298 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Alexandria Real Estate Equities in the second quarter worth about $79,253,000. Institutional investors own 96.54% of the company's stock.

Insider Transactions at Alexandria Real Estate Equities

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARE. Zacks Research downgraded Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a report on Friday, July 17th. BMO Capital Markets increased their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a report on Friday, June 12th. 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. Morgan Stanley reiterated an "underweight" rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Finally, Wall Street Zen lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and four 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 "Reduce" and a consensus price target of $52.38.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $50.46 on Thursday. The company has a 50 day moving average price of $50.57 and a 200 day moving average price of $49.61. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week 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 stock has a market capitalization of $8.79 billion, a PE ratio of -8.33 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) 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 firm had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.7%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -47.52%.

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.

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