50,393 Shares of Alexandria Real Estate Equities, Inc. $ARE Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. acquired 50,393 shares of Alexandria Real Estate Equities in the third quarter, worth approximately $2.4 million. Institutional investors collectively own 96.54% of ARE.
• ARE shares opened at $41.54, near their 52-week low, after the company reported a quarterly EPS loss of $0.43 and a 13% year-over-year revenue decline. Analysts’ consensus rating is “Reduce,” with an average price target of $50.86.
• Alexandria declared a quarterly dividend of $0.72 per share, or $2.88 annualized, representing a 6.9% yield based on the reported share price.

First Citizens Bank & Trust Co. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 50,393 shares of the real estate investment trust's stock, valued at approximately $2,392,000.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $1,146,423,000. Dimensional Fund Advisors LP increased its stake in shares of Alexandria Real Estate Equities by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,297,222 shares of the real estate investment trust's stock valued at $106,638,000 after acquiring an additional 52,733 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $79,253,000. Legal & General Group Plc purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $76,647,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $64,485,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Insider Activity at Alexandria Real Estate Equities

In related news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the completion of the transaction, the executive vice president directly owned 39,152 shares in the company, valued at approximately $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joel Marcus acquired 5,000 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $49.68 per share, for a total transaction of $248,400.00. Following the completion of the purchase, the chairman owned 597,724 shares in the company, valued at approximately $29,694,928.32. This trade represents a 0.84% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is owned by company insiders.

Alexandria Real Estate Equities Stock Down 5.2%

ARE stock opened at $41.54 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $78.54. The firm has a fifty day moving average price of $49.86 and a two-hundred day moving average price of $49.10. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of -6.85 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same quarter in the previous year, the business posted $2.33 EPS. Alexandria Real Estate Equities's revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Alexandria Real Estate Equities's payout ratio is presently -47.52%.

Analyst Ratings Changes

A number of research firms have issued reports on ARE. BNP Paribas Exane lowered their price target on Alexandria Real Estate Equities from $48.00 to $40.00 and set an "underperform" rating for the company in a research report on Tuesday, September 29th. Cantor Fitzgerald raised their price objective on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Citizens Jmp restated a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Zacks Research raised Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, BMO Capital Markets decreased their target price on Alexandria Real Estate Equities from $52.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, September 28th. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $50.86.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE is a real estate investment trust focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.

Alexandria's properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.

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