Commerzbank Aktiengesellschaft FI bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,042 shares of the real estate investment trust's stock, valued at approximately $1,429,000.
Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $17,755,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $12,450,000. Global Retirement Partners LLC bought a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $57,000. Bank of New York Mellon Corp acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $79,253,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $1,198,000. Institutional investors own 96.54% of the company's stock.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on ARE shares. Wall Street Zen cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Robert W. Baird reaffirmed a "neutral" rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. BMO Capital Markets increased their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a "market perform" rating in a research report on Friday, June 12th. Cantor Fitzgerald boosted their price objective on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Evercore reaffirmed an "outperform" rating and issued a $57.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Reduce" and a consensus price target of $52.38.
Read Our Latest Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Performance
ARE opened at $45.86 on Wednesday. The business's 50-day simple moving average is $50.61 and its 200 day simple moving average is $49.64. 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 debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $7.99 billion, a PE ratio of -7.57 and a beta of 1.15.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $464.86 million. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 6.3%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -47.52%.
About Alexandria Real Estate Equities
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report).
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