Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Legal & General Group Plc

Key Points

• Legal & General Group Plc reduced its stake in Alexandria Real Estate Equities by 7.3% in the fourth quarter, selling 154,166 shares and leaving it with 1.95 million shares worth about $95.6 million.
• Several insiders bought shares recently, including EVP Gregory Calvin Thomas and Chairman Joel S. Marcus, signaling confidence despite the stock’s recent weakness.
• Alexandria Real Estate Equities reported Q1 earnings of $1.73 per share, matching estimates, but revenue fell 11.5% year over year; analysts currently rate the stock a Hold with an average target price of $51.23.

Legal & General Group Plc lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,952,601 shares of the real estate investment trust's stock after selling 154,166 shares during the quarter. Legal & General Group Plc owned 1.13% of Alexandria Real Estate Equities worth $95,560,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARE. Avalon Trust Co acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth approximately $29,000. Cornerstone Planning Group LLC increased its position in Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $30,000. BOKF NA increased its position in Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Insider Transactions at Alexandria Real Estate Equities

In related news, EVP Gregory Calvin Thomas purchased 3,500 shares of the firm's stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $41.00 per share, with a total value of $143,500.00. Following the completion of the transaction, the executive vice president owned 33,024 shares of the company's stock, valued at $1,353,984. This represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus purchased 7,500 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, with a total value of $320,400.00. Following the transaction, 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. The SEC filing for this purchase provides additional information. Corporate insiders own 1.35% of the company's stock.

Alexandria Real Estate Equities Trading Up 0.2%

Shares of ARE opened at $50.03 on Friday. The company has a market capitalization of $8.72 billion, a P/E ratio of -7.98, a P/E/G ratio of 6.05 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. 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 stock has a 50-day moving average price of $46.13 and a 200 day moving average price of $49.99.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts' consensus estimates of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The firm had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. During the same quarter in the prior year, the business posted $2.30 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of research analyst reports. Citigroup reissued an "outperform" rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an "underperform" rating for the company in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Morgan Stanley lowered their price objective on shares of 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, Jefferies Financial Group lowered their price objective on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.23.

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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