Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Allstate Corp

Key Points

• Allstate Corp boosted its stake in Alexandria Real Estate Equities by 212.9% in the fourth quarter, buying 26,052 additional shares and bringing its total holding to 38,291 shares worth about $1.87 million.
• The company reported quarterly EPS of $1.73, matching analyst expectations, but revenue came in below forecasts at $671.02 million and was down 11.5% year over year.
• Wall Street sentiment remains cautious: analysts have a Hold consensus on ARE, with an average price target of $51.23, while several firms recently lowered their price targets.

Allstate Corp grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 212.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,291 shares of the real estate investment trust's stock after purchasing an additional 26,052 shares during the quarter. Allstate Corp's holdings in Alexandria Real Estate Equities were worth $1,874,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in shares of Alexandria Real Estate Equities by 3.7% during the 3rd quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust's stock valued at $954,117,000 after purchasing an additional 399,286 shares during the period. Invesco Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 4.0% in the 3rd quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust's stock worth $318,516,000 after acquiring an additional 145,562 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Alexandria Real Estate Equities by 4.3% in the 3rd quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust's stock worth $215,174,000 after acquiring an additional 106,783 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 26.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust's stock worth $211,682,000 after acquiring an additional 531,668 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Alexandria Real Estate Equities by 1,022.1% in the 3rd 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 acquiring an additional 1,652,298 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 0.2%

Alexandria Real Estate Equities stock opened at $50.03 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The business's 50-day simple moving average is $46.13 and its 200-day simple moving average is $49.99. The firm has a market capitalization of $8.72 billion, a PE ratio of -7.98, a PEG ratio of 6.05 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts' consensus estimates of $1.73. The business had revenue of $671.02 million for the quarter, compared to analyst estimates 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 firm's revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARE. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. Evercore set a $55.00 target price on Alexandria Real Estate Equities in a research report on Monday, May 4th. Robert W. Baird reaffirmed a "neutral" rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Morgan Stanley reduced their price objective on Alexandria Real Estate Equities from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their price objective 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. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $51.23.

Insider Activity at Alexandria Real Estate Equities

In related news, EVP Gregory Calvin Thomas acquired 3,500 shares of the firm's stock in a transaction on Thursday, April 30th. The shares were 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. This trade represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joel S. Marcus acquired 7,500 shares of the firm's stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, for a total transaction of $320,400.00. Following the completion of the acquisition, the chairman directly owned 587,724 shares of the company's stock, 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. Corporate insiders own 1.35% of the company's stock.

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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