California State Teachers Retirement System Has $9.56 Million Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• CalSTRS reduced its Alexandria Real Estate Equities stake by 1.6% in the second quarter, retaining 180,839 shares valued at approximately $9.56 million. Institutional investors collectively own 96.54% of the REIT.
• ARE shares recently traded at $52.99, while the company reported a quarterly loss of $0.43 per share and revenue of $662.78 million, down 13% year over year. The company declared a quarterly dividend of $0.72, equivalent to a 5.4% annualized yield.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $52.85. The analyst breakdown includes two Buy ratings, eleven Holds and three Sells.

California State Teachers Retirement System lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,839 shares of the real estate investment trust's stock after selling 2,978 shares during the period. California State Teachers Retirement System owned about 0.10% of Alexandria Real Estate Equities worth $9,557,341 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $26,000. First Bancorp Inc ME purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $26,000. Basecamp Wealth Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 3,723.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 633 shares in the last quarter. Danske Bank A S acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $42,000. Finally, SJS Investment Consulting Inc. grew its position in Alexandria Real Estate Equities by 38.7% in 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 acquiring an additional 321 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 2.0%

Alexandria Real Estate Equities stock traded up $1.03 during trading on Tuesday, reaching $52.99. 662,758 shares of the company were exchanged, compared to its average volume of 2,208,416. The stock's 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $49.35. 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 52-week low of $39.41 and a 52-week high of $88.24. The company has a market capitalization of $9.23 billion, a P/E ratio of -8.74 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) 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 analyst estimates of $464.86 million. During the same period last year, the business posted $2.33 EPS. Alexandria Real Estate Equities's 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. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the acquisition, the chairman owned 592,724 shares of the company's stock, valued at approximately $27,431,266.72. This trade represents a 0.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Andres Gavinet sold 10,000 shares of the business'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 sale, the chief accounting officer owned 102,516 shares in the company, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARE. BNP Paribas Exane lifted their price objective on Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 5th. Citigroup boosted their target price 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. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Citizens Jmp reiterated 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, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $52.85.

Alexandria Real Estate Equities 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. 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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