Analyst IMS Investment Management Services Ltd. Purchases 203,635 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• IMS Investment Management increased its stake in Alexandria Real Estate Equities by 28.1%, buying an additional 203,635 shares to hold 929,106 shares (about 0.54% ownership), valued at roughly $45.47 million.
• Chairman Joel S. Marcus bought 25,000 shares at an average price of $53.92, raising his personal holding to 562,724 shares (a 4.65% increase).
• Alexandria announced a $500 million share buyback (up to 6.4% of shares) and declared a quarterly dividend of $0.72 per share (annualized $2.88, ~6.7% yield).

Analyst IMS Investment Management Services Ltd. grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 28.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 929,106 shares of the real estate investment trust's stock after buying an additional 203,635 shares during the quarter. Alexandria Real Estate Equities accounts for about 1.3% of Analyst IMS Investment Management Services Ltd.'s portfolio, making the stock its 11th largest holding. Analyst IMS Investment Management Services Ltd. owned about 0.54% of Alexandria Real Estate Equities worth $45,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth $38,000. Aberdeen Group plc lifted its position in shares of Alexandria Real Estate Equities by 1.3% during the 4th quarter. Aberdeen Group plc now owns 230,894 shares of the real estate investment trust's stock worth $11,300,000 after buying an additional 2,911 shares during the last quarter. Thompson Investment Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 53.0% during the 4th quarter. Thompson Investment Management Inc. now owns 172,094 shares of the real estate investment trust's stock worth $8,422,000 after buying an additional 59,613 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Alexandria Real Estate Equities by 70.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,912 shares of the real estate investment trust's stock valued at $143,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Alexandria Real Estate Equities by 1.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 522,868 shares of the real estate investment trust's stock worth $25,589,000 after acquiring an additional 5,099 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus purchased 25,000 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the purchase, the chairman owned 562,724 shares in the company, valued at approximately $30,342,078.08. This represents a 4.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.08% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $43.16 on Friday. The stock's 50-day moving average is $51.52 and its 200-day moving average is $57.76. Alexandria Real Estate Equities, Inc. has a 1-year low of $41.44 and a 1-year high of $91.47. 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 stock has a market cap of $7.47 billion, a P/E ratio of -5.11, a price-to-earnings-growth ratio of 5.23 and a beta of 1.33.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (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 during the quarter, compared to analyst estimates of $742.64 million. During the same quarter last year, the business earned $2.39 EPS. The firm's quarterly revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase program on Monday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -34.12%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Tuesday, March 10th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 29th. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, January 9th. Jefferies Financial Group raised their target price on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a "hold" rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 3rd. They set a "neutral" rating and a $60.00 target price on the stock. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $64.47.

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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