Deutsche Bank AG bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 877,167 shares of the real estate investment trust's stock, valued at approximately $46,358,000. Deutsche Bank AG owned approximately 0.50% of Alexandria Real Estate Equities at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BOKF NA increased its position in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. CIBC Private Wealth Group LLC raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 228 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Alexandria Real Estate Equities in the second quarter valued at $33,000. Finally, FNY Investment Advisers LLC bought a new position in Alexandria Real Estate Equities in the second quarter valued at $26,000. Institutional investors and hedge funds own 96.54% of the company's stock.
Alexandria Real Estate Equities Stock Performance
Shares of NYSE:ARE opened at $53.42 on Friday. 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 $9.31 billion, a price-to-earnings ratio of -8.82 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The company's 50 day simple moving average is $50.58 and its 200 day simple moving average is $49.63.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.52). The company had revenue of $662.78 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter 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. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.
Insider Activity
In related 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 completion of the acquisition, the chairman directly owned 592,724 shares of the company's stock, valued at approximately $27,431,266.72. This trade represents a 0.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Marc E. Binda sold 2,000 shares of the firm's 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 transaction, the chief financial officer owned 188,264 shares of the company's stock, valued at $10,166,256. This trade represents 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. Insiders own 1.35% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Royal Bank Of Canada reduced their price target on 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, May 5th. BMO Capital Markets increased their price objective on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a "market perform" rating in a report on Friday, June 12th. Weiss Ratings reissued a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Wall Street Zen cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Robert W. Baird restated a "neutral" rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $52.38.
Get Our Latest Stock Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Company Profile
(
Free Report)
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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