Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors cut its Alexandria Real Estate Equities position by 79.2% in the second quarter, selling 25,635 shares and retaining 6,748 shares worth approximately $357,000. Institutional investors and hedge funds collectively own 96.54% of the stock.
• Alexandria reported quarterly revenue of $662.8 million but posted a loss of $0.43 per share, missing estimates, while revenue declined 13% year over year. Analysts’ consensus rating is “Reduce,” with an average price target of $52.85.
• The REIT declared a quarterly dividend of $0.72 per share, equivalent to $2.88 annually and a 5.5% yield. Recent insider activity was mixed, with the chairman buying 5,000 shares while the chief accounting officer sold 10,000 shares.

Washington Trust Advisors Inc. lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 79.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,748 shares of the real estate investment trust's stock after selling 25,635 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Alexandria Real Estate Equities were worth $357,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $1,146,423,000. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $805,429,000. Invesco Ltd. increased its holdings in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after buying an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alexandria Real Estate Equities by 1,022.1% during 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 buying an additional 1,652,298 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $79,253,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.1%

Alexandria Real Estate Equities stock opened at $52.59 on Tuesday. The firm has a market cap of $9.16 billion, a PE ratio of -8.68 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The stock's 50 day simple moving average is $50.66 and its two-hundred day simple moving average is $49.46. 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 (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million for the quarter, compared to analysts' expectations of $464.86 million. During the same period last year, the firm earned $2.33 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. Alexandria Real Estate Equities's payout ratio is presently -47.52%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore restated an "outperform" rating and set a $57.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. BMO Capital Markets increased their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Friday, June 12th. Citizens Jmp reissued a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. The Goldman Sachs Group restated a "neutral" rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Reduce" and an average price target of $52.85.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at approximately $5,221,139.88. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Joel S. Marcus bought 5,000 shares of the stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the purchase, the chairman owned 592,724 shares in the company, valued at approximately $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 currently owned by insiders.

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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