Bank of America Corp DE Purchases Shares of 1,163,976 Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Bank of America acquired 1,163,976 shares of Alexandria Real Estate Equities during the second quarter, worth approximately $61.5 million and representing 0.67% of the REIT. Institutional investors collectively own 96.54% of ARE.
• Alexandria reported a quarterly loss of $0.43 per share, missing estimates by $0.52, while revenue fell 13% year over year to $662.8 million. The stock recently traded at $53.25, near analysts’ consensus target of $52.85.
• The company declared a quarterly dividend of $0.72, equivalent to $2.88 annually and a 5.4% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating from two Buy, eleven Hold, and three Sell recommendations.

Bank of America Corp DE bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,163,976 shares of the real estate investment trust's stock, valued at approximately $61,516,000. Bank of America Corp DE owned 0.67% of Alexandria Real Estate Equities as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Caisse de depot et placement du Quebec bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $21,863,000. Man Group plc acquired a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $4,994,000. First Bancorp Inc ME bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth $26,000. Jupiter Topco LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $3,838,000. Finally, ADAR1 Capital Management LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $1,031,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $53.25 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $9.28 billion, a PE ratio of -8.79 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 business has a 50-day simple moving average of $50.96 and a two-hundred day simple moving average of $49.38.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same quarter last year, the business earned $2.33 EPS. The firm's quarterly revenue 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 fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio is presently -47.52%.

Insider Transactions at Alexandria Real Estate Equities

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARE. Morgan Stanley restated an "underweight" rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Citizens Jmp reaffirmed a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Finally, Zacks Research upgraded shares of Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Two 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. According to data from MarketBeat, Alexandria Real Estate Equities 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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