Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by State of Alaska Department of Revenue

Key Points

• State of Alaska increased its Alexandria Real Estate Equities stake by 26.7% in the third quarter, bringing its holdings to 128,247 shares valued at approximately $6.1 million. Institutional investors and hedge funds collectively own 96.54% of ARE.
• ARE shares traded near $41.58, close to their 12-month low of $39.41 and well below the 12-month high of $78.51. The company reported a quarterly loss of $0.43 per share, while revenue declined 13% year over year.
• Alexandria maintained its quarterly dividend at $0.72 per share, equivalent to $2.88 annually and a yield of about 6.9%. Analysts’ consensus rating is “Reduce,” with a consensus price target of $50.86.

State of Alaska Department of Revenue boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,247 shares of the real estate investment trust's stock after purchasing an additional 27,031 shares during the period. State of Alaska Department of Revenue owned 0.07% of Alexandria Real Estate Equities worth $6,087,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ARE. BlackRock Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $1,146,423,000. Dimensional Fund Advisors LP increased its holdings in shares of Alexandria Real Estate Equities by 2.3% in 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 purchasing an additional 52,733 shares during the period. Bank of New York Mellon Corp purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $79,253,000. Legal & General Group Plc purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $76,647,000. Finally, Hsbc Holdings PLC acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at $64,485,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.76 during mid-day trading on Friday, hitting $41.58. 2,200,003 shares of the company's stock traded hands, compared to its average volume of 2,120,936. The firm has a 50 day moving average of $49.57 and a two-hundred day moving average of $49.02. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -6.86 and a beta of 1.16. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $78.51.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its 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). The company had revenue of $662.78 million for 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%. Alexandria Real Estate Equities's revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities 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 sale, the executive vice president directly owned 39,152 shares in the company, valued at $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joel Marcus bought 5,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average price of $49.68 per share, with a total value of $248,400.00. Following the transaction, the chairman directly owned 597,724 shares in the company, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Alexandria Real Estate Equities from $47.00 to $46.00 and set a "hold" rating on the stock in a research note on Thursday, September 24th. Zacks Research raised Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Thursday. Citizens Jmp reissued a "market perform" rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Finally, Robert W. Baird boosted their price target on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $50.86.

Alexandria Real Estate Equities 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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