Handelsbanken Fonder AB Acquires 25,300 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Handelsbanken Fonder AB increased its Alexandria Real Estate Equities stake by 58.6% in the second quarter, purchasing 25,300 shares and bringing its total holdings to 68,500 shares valued at approximately $3.62 million. Institutional investors collectively own 96.54% of the company.
• Alexandria reported a quarterly loss of $0.43 per share, missing the $0.09 consensus estimate, while revenue fell 13% year over year to $662.78 million. The REIT maintained a quarterly dividend of $0.72 per share, equivalent to a 6.0% yield.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Reduce” rating and an average price target of $52.62, compared with a recent share price of $48.12. Analysts include two Buy ratings, ten Holds, and four Sells.

Handelsbanken Fonder AB lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 58.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,500 shares of the real estate investment trust's stock after buying an additional 25,300 shares during the period. Handelsbanken Fonder AB's holdings in Alexandria Real Estate Equities were worth $3,620,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. LVM Capital Management Ltd. MI acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $617,000. Gradient Investments LLC boosted its position in Alexandria Real Estate Equities by 5.0% during the second quarter. Gradient Investments LLC now owns 276,944 shares of the real estate investment trust's stock valued at $14,637,000 after purchasing an additional 13,228 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $26,000. Czech National Bank grew its stake in Alexandria Real Estate Equities by 5.1% in the second quarter. Czech National Bank now owns 44,643 shares of the real estate investment trust's stock valued at $2,359,000 after purchasing an additional 2,165 shares in the last quarter. Finally, Hilltop National Bank grew its stake in Alexandria Real Estate Equities by 96.8% in the second quarter. Hilltop National Bank now owns 1,474 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 725 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Insider Activity at Alexandria Real Estate Equities

In other news, CFO Marc E. Binda sold 2,000 shares of the business's 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 transaction, the chief financial officer owned 188,264 shares of the company's stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.35% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $48.12 on Friday. The company has a market cap of $8.39 billion, a price-to-earnings ratio of -7.94, a PEG ratio of 5.86 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two 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 stock has a fifty day moving average price of $50.82 and a 200-day moving average price of $49.83.

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 (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 firm had revenue of $662.78 million during the quarter, compared to the consensus estimate of $464.86 million. During the same period last year, the business earned $2.33 earnings per share. The business'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. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.37 EPS 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. Stockholders of record on Tuesday, June 30th were paid a $0.72 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 6.0%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARE. Royal Bank Of Canada dropped their price objective on Alexandria Real Estate Equities from $60.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 5th. Evercore raised their target price on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. BNP Paribas Exane boosted their target price on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $52.62.

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.

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