Amundi Lowers Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Amundi cut its Alexandria Real Estate Equities stake by 9.2% in the second quarter, selling 46,249 shares and retaining 456,633 shares worth approximately $24.1 million. Institutional investors collectively own 96.54% of ARE.
• ARE reported a quarterly loss of $0.43 per share, missing the $0.09 consensus estimate, while revenue fell 13% year over year to $662.78 million. The company maintained its $0.72 quarterly dividend, equivalent to a 5.6% annualized yield.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $52.85 versus the shares’ reported $51.13 price. Ratings range from “outperform” to “underperform,” while insiders showed mixed activity through one purchase and one sale.

Amundi reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,633 shares of the real estate investment trust's stock after selling 46,249 shares during the period. Amundi owned 0.26% of Alexandria Real Estate Equities worth $24,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in Alexandria Real Estate Equities by 10.9% during the 2nd quarter. HighTower Advisors LLC now owns 13,756 shares of the real estate investment trust's stock worth $727,000 after acquiring an additional 1,356 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $2,047,000. CYBER HORNET ETFs LLC raised its position in shares of Alexandria Real Estate Equities by 863.0% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 4,112 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 3,685 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Alexandria Real Estate Equities by 5,099.4% in the 2nd quarter. California State Teachers Retirement System now owns 9,557,341 shares of the real estate investment trust's stock worth $505,105,000 after acquiring an additional 9,373,524 shares in the last quarter. Finally, Kintra Wealth LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $247,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $51.13 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The company's fifty day moving average price is $50.48 and its 200-day moving average price is $49.40. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The firm has a market capitalization of $8.91 billion, a PE ratio of -8.44 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.52). The firm had revenue of $662.78 million during the quarter, compared to analysts' expectations of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business's revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.6%. Alexandria Real Estate Equities's dividend payout ratio is currently -47.52%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

ARE has been the subject of several analyst reports. Evercore reiterated an "outperform" rating and set a $57.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Robert W. Baird upped their target price on 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. Morgan Stanley reiterated an "underweight" rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Zacks Research raised Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Finally, BNP Paribas Exane raised their price target on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $52.85.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc NYSE: ARE is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.

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