Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Border to Coast Pensions Partnership Ltd

Key Points

• Border to Coast cut its stake in Alexandria Real Estate Equities (ARE) by 50% in Q4, selling 75,000 shares and leaving 75,000 shares valued at about $3.68 million at quarter-end.
• Chairman Joel S. Marcus bought 25,000 shares on Feb. 12 at an average $53.92, increasing his holdings to 562,724 shares (a 4.65% rise), indicating insider buying.
• Alexandria paid a $0.72 quarterly dividend (annualized $2.88) for a yield of roughly 6.1%; the payment was made Apr. 15 with an ex-dividend date of Mar. 31.

Border to Coast Pensions Partnership Ltd cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the real estate investment trust's stock after selling 75,000 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Alexandria Real Estate Equities were worth $3,677,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. DNB Asset Management AS lifted its holdings in Alexandria Real Estate Equities by 121.4% in the 3rd quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust's stock valued at $7,722,000 after purchasing an additional 50,810 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $14,664,000. Harvey Capital Management Inc. boosted its position in Alexandria Real Estate Equities by 91.8% during the third quarter. Harvey Capital Management Inc. now owns 45,600 shares of the real estate investment trust's stock worth $3,800,000 after acquiring an additional 21,825 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in Alexandria Real Estate Equities during the third quarter worth approximately $1,957,000. Finally, DAVENPORT & Co LLC boosted its position in Alexandria Real Estate Equities by 33.5% during the third quarter. DAVENPORT & Co LLC now owns 1,115,665 shares of the real estate investment trust's stock worth $93,218,000 after acquiring an additional 279,876 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 25,000 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman owned 562,724 shares in the company, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.35% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ARE shares. Royal Bank Of Canada restated a "sector perform" rating and set a $60.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Evercore decreased their target price on shares of Alexandria Real Estate Equities from $67.00 to $65.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, February 2nd. BMO Capital Markets restated a "market perform" rating and set a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. Finally, Morgan Stanley decreased their price target on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $63.67.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $47.52 on Thursday. The company's fifty day simple moving average is $49.78 and its 200-day simple moving average is $55.25. Alexandria Real Estate Equities, Inc. has a 52 week low of $41.44 and a 52 week high of $88.24. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The company has a market cap of $8.23 billion, a PE ratio of -5.63, a P/E/G ratio of 5.49 and a beta of 1.33.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business had revenue of $754.41 million for the quarter, compared to the consensus estimate of $742.64 million. During the same quarter last year, the firm posted $2.39 EPS. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -34.12%.

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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