Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 235,566 shares of the real estate investment trust's stock, valued at approximately $12,450,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.14% of Alexandria Real Estate Equities as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Alexandria Real Estate Equities during the 4th quarter worth $805,429,000. Monaco Asset Management SAM acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $6,582,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $8,445,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Alexandria Real Estate Equities by 789.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust's stock valued at $2,539,000 after purchasing an additional 46,052 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC increased its position in shares of Alexandria Real Estate Equities by 43.4% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,703,228 shares of the real estate investment trust's stock worth $83,356,000 after buying an additional 515,649 shares during the period. 96.54% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on ARE shares. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $60.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Citizens Jmp restated a "market perform" rating on shares of Alexandria Real Estate Equities in a research note on Monday. Mizuho decreased their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, July 6th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $52.38.
Read Our Latest Stock Analysis on Alexandria Real Estate Equities
Insider Activity at Alexandria Real Estate Equities
In related news, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer owned 188,264 shares of the company's stock, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.
Alexandria Real Estate Equities Stock Performance
Shares of ARE stock opened at $46.89 on Tuesday. 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's 50-day simple moving average is $50.75 and its two-hundred day simple moving average is $49.70. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of -7.74 and a beta of 1.15.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced 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). 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%. Alexandria Real Estate Equities's revenue for the quarter was down 13.0% on a year-over-year basis. During the same period last year, the company posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.
Alexandria Real Estate Equities Company Profile
(
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.
Further Reading
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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