Beacon Pointe Advisors LLC Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Beacon Pointe Advisors initiated a position in Alexandria Real Estate Equities during the second quarter, purchasing 24,090 shares valued at approximately $1.27 million. Institutional investors and hedge funds collectively own 96.54% of ARE.
• Alexandria’s chairman bought 5,000 shares, while its CFO sold 2,000 shares under a pre-arranged Rule 10b5-1 plan. Insiders own 1.35% of the company.
• Analysts remain cautious, with an average rating of “Reduce” and a consensus price target of $52.85. ARE recently traded at $51.65 after reporting a quarterly loss of $0.43 per share and a 13% year-over-year revenue decline.

Beacon Pointe Advisors LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,090 shares of the real estate investment trust's stock, valued at approximately $1,273,000.

A number of other institutional investors have also added to or reduced their stakes in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after purchasing an additional 11,762 shares during the period. NewEdge Advisors LLC grew its position in Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock valued at $290,000 after purchasing an additional 3,068 shares during the period. Empowered Funds LLC grew its position in Alexandria Real Estate Equities by 4.8% in the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust's stock valued at $597,000 after purchasing an additional 296 shares during the period. Woodline Partners LP increased its stake in Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock valued at $1,204,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Alexandria Real Estate Equities by 171.5% during the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock valued at $610,000 after purchasing an additional 4,163 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 17th. The stock was bought 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the sale, the chief financial officer directly owned 188,264 shares of the company's stock, valued at $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ARE shares. Morgan Stanley reiterated an "underweight" rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. The Goldman Sachs Group restated a "neutral" rating and issued a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Citizens Jmp reaffirmed a "market perform" rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Cantor Fitzgerald lifted their price target on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Citigroup boosted their price objective on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $52.85.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $51.65 on Monday. 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 firm has a 50-day moving average of $50.74 and a 200-day moving average of $49.51. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a market cap of $9.00 billion, a P/E ratio of -8.52 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly 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 return on equity of 5.21% and a negative net margin of 36.08%.The firm had revenue of $662.78 million for the quarter, compared to analysts' expectations of $464.86 million. During the same quarter last year, the firm posted $2.33 earnings per share. The firm'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. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

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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