BlackRock Inc. Invests $1.15 Billion in Alexandria Real Estate Equities, Inc. $ARE

BlackRock Inc. bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 21,692,019 shares of the real estate investment trust's stock, valued at approximately $1,146,423,000. BlackRock Inc. owned 12.45% of Alexandria Real Estate Equities as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust's stock worth $1,711,000 after purchasing an additional 198 shares during the period. New Mexico Educational Retirement Board increased its stake in Alexandria Real Estate Equities by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust's stock worth $352,000 after purchasing an additional 200 shares during the period. CIBC Private Wealth Group LLC lifted its position in Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 228 shares during the last quarter. Finally, Quarry LP boosted its position in Alexandria Real Estate Equities by 33.9% during the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 251 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 5,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the transaction, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Marc E. Binda sold 2,000 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer directly owned 188,264 shares in the company, valued at approximately $10,166,256. The trade was a 1.05% decrease in their position. 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated an "underweight" rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Cantor Fitzgerald boosted their target price 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. Wall Street Zen lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Citizens Jmp reiterated a "market perform" rating on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Finally, Robert W. Baird reissued a "neutral" rating and set a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Reduce" and a consensus target price of $52.38.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $53.42 on Friday. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of -8.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company's 50-day moving average is $50.58 and its 200 day moving average is $49.63.

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). 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 during the quarter, compared to the consensus estimate of $464.86 million. During the same quarter in the prior year, the company posted $2.33 EPS. The company's quarterly revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 6.38 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.

Alexandria Real Estate Equities Company 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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