Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Hsbc Holdings PLC

Key Points

• HSBC increased its Alexandria Real Estate Equities stake by 15.2% in the second quarter, acquiring 159,552 additional shares and bringing its holdings to 1.21 million shares valued at approximately $64.5 million. Institutional investors collectively own 96.54% of ARE.
• Analyst sentiment remains cautious: ARE has an average rating of “Reduce”, with two Buy, eleven Hold, and three Sell ratings, and an average price target of $52.85.
• ARE shares opened at $52.59, while the company declared a quarterly dividend of $0.72, equivalent to an annualized $2.88 payout and a 5.5% dividend yield.

Hsbc Holdings PLC grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,208,572 shares of the real estate investment trust's stock after buying an additional 159,552 shares during the period. Hsbc Holdings PLC owned 0.69% of Alexandria Real Estate Equities worth $64,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARE. BlackRock Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $1,146,423,000. Norges Bank purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $805,429,000. Invesco Ltd. grew 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 acquiring an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alexandria Real Estate Equities by 1,022.1% during 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 acquiring an additional 1,652,298 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Alexandria Real Estate Equities during the second quarter worth $79,253,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

ARE has been the topic of several recent analyst reports. Citigroup upped their price target on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Wall Street Zen downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Citizens Jmp restated a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. BMO Capital Markets boosted their price objective on shares of 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. Finally, Robert W. Baird upped their target price on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $52.85.

Insider Activity at Alexandria Real Estate Equities

In related news, CAO Andres Gavinet sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the sale, the chief accounting officer directly owned 102,516 shares of the company's stock, valued at $5,221,139.88. This represents a 8.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus bought 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Stock Down 0.1%

Shares of NYSE ARE opened at $52.59 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The business's 50 day moving average is $50.66 and its two-hundred day moving average is $49.46. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of -8.68 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm had revenue of $662.78 million for the quarter, compared to analysts' expectations of $464.86 million. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company's quarterly revenue was down 13.0% on a year-over-year basis. 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 Dividend Announcement

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 issued a $0.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.5%. Alexandria Real Estate Equities's payout ratio is -47.52%.

Alexandria Real Estate Equities 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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