Corient Private Wealth LP Invests $1.72 Million in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Corient Private Wealth acquired 32,625 shares of Alexandria Real Estate Equities, valued at approximately $1.72 million. Institutional investors own 96.54% of the REIT.
• Alexandria reported a quarterly loss of $0.43 per share, missing estimates by $0.52, while revenue fell 13% year over year to $662.78 million. Analysts maintain a consensus “Reduce” rating with a $52.85 price target.
• The company declared a quarterly dividend of $0.72 per share, representing an annualized payout of $2.88 and a 5.5% yield.

Corient Private Wealth LP acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 32,625 shares of the real estate investment trust's stock, valued at approximately $1,724,000.

A number of other hedge funds also recently made changes to their positions in ARE. BlackRock Inc. purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at about $1,146,423,000. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $805,429,000. Invesco Ltd. boosted its holdings in shares of Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after purchasing an additional 2,211,424 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Alexandria Real Estate Equities by 1,022.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust's stock valued at $151,175,000 after purchasing an additional 1,652,298 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $79,253,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Down 0.1%

ARE opened at $52.69 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The business's 50-day moving average price is $50.77 and its 200-day moving average price is $49.47. The company has a market cap of $9.18 billion, a P/E ratio of -8.69 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly 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). The firm had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company's quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. Alexandria Real Estate Equities's dividend payout ratio is presently -47.52%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CFO Marc Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the sale, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus acquired 5,000 shares of the business's stock in a transaction dated 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 transaction, the chairman 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 SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent research reports. 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 research report on Monday, August 10th. 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. Morgan Stanley reissued an "underweight" rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. Two 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 data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Reduce" and a consensus price target of $52.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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