Assenagon Asset Management S.A. Makes New $5.31 Million Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Assenagon Asset Management initiated a position in Alexandria Real Estate Equities by purchasing 111,866 shares worth approximately $5.31 million. Institutional investors collectively own 96.54% of ARE.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” from MarketBeat based on two Buy, ten Hold and four Sell ratings; the consensus price target is $50.86.
• ARE opened at $42.78 and recently paid a quarterly dividend of $0.72, equivalent to an annualized $2.88 payout and a 6.7% yield.

Assenagon Asset Management S.A. bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 111,866 shares of the real estate investment trust's stock, valued at approximately $5,309,000. Assenagon Asset Management S.A. owned 0.06% of Alexandria Real Estate Equities as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp raised its holdings in Alexandria Real Estate Equities by 4.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust's stock valued at $285,000 after buying an additional 252 shares during the last quarter. Arizona State Retirement System boosted its position in Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust's stock valued at $2,272,000 after buying an additional 286 shares during the period. Tema ETFs LLC boosted its position in Alexandria Real Estate Equities by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust's stock valued at $162,000 after buying an additional 290 shares during the period. SJS Investment Consulting Inc. raised its position in Alexandria Real Estate Equities by 38.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,150 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 321 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Alexandria Real Estate Equities by 30.1% in the 3rd quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust's stock worth $67,000 after buying an additional 326 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $50.93, for a total value of $509,300.00. Following the transaction, the chief accounting officer directly owned 102,516 shares of the company's stock, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the completion of the transaction, the executive vice president directly owned 39,152 shares in the company, valued at $1,977,567.52. The trade was a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.35% of the company's stock.

Analyst Ratings Changes

ARE has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Thursday, October 15th. Robert W. Baird boosted their target price on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a research note on Monday, August 24th. The Goldman Sachs Group boosted their price objective on shares of Alexandria Real Estate Equities from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Friday, September 18th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Finally, Citizens Jmp restated a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $50.86.

Alexandria Real Estate Equities Price Performance

ARE opened at $42.78 on Wednesday. The firm has a market cap of $7.45 billion, a PE ratio of -7.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $78.51. The stock has a 50-day moving average price of $49.31 and a 200-day moving average price of $48.99.

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 the consensus estimate of $0.09 by ($0.52). The firm had revenue of $662.78 million during the quarter, compared to the consensus estimate 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 company's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -47.52%.

Alexandria Real Estate Equities Company Profile

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. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.

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