Jupiter Topco LLC Buys New Position in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Jupiter Topco LLC acquired 72,556 shares of Alexandria Real Estate Equities in the second quarter, valued at approximately $3.84 million. Institutional investors and hedge funds own 96.54% of the REIT.
• Alexandria reported quarterly revenue of $662.78 million but posted a loss of $0.43 per share, missing analysts’ expectations, while year-over-year revenue declined 13%. Analysts have a consensus “Reduce” rating and an average price target of $52.85.
• The company declared a quarterly dividend of $0.72 per share, or $2.88 annually, representing a 5.6% yield. Shares opened at $51.49, near the analyst consensus target.

Jupiter Topco LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 72,556 shares of the real estate investment trust's stock, valued at approximately $3,838,000.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 18.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Alexandria Real Estate Equities by 0.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust's stock worth $1,711,000 after acquiring an additional 198 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in Alexandria Real Estate Equities by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust's stock worth $352,000 after acquiring an additional 200 shares during the period. CIBC Private Wealth Group LLC grew its stake in Alexandria Real Estate Equities by 109.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 228 shares during the period. Finally, Quarry LP raised its holdings in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 251 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction 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 directly owned 188,264 shares in the company, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. The sale was disclosed in a document filed 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. Also, Chairman Joel S. Marcus acquired 5,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares of the company's stock, valued at $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Up 0.4%

ARE opened at $51.49 on Wednesday. The firm has a 50 day moving average price of $50.75 and a 200 day moving average price of $49.45. The company has a market cap of $8.97 billion, a PE ratio of -8.50 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share 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 for the quarter, compared to analyst estimates of $464.86 million. During the same period last year, the firm earned $2.33 earnings per share. The company's quarterly revenue 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. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share 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. Investors of record on Wednesday, September 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is -47.52%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Mizuho reduced their price target on Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, July 6th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Evercore reiterated an "outperform" rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Citigroup raised their price target on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Finally, Morgan Stanley restated an "underweight" rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Reduce" and a consensus target price of $52.85.

Alexandria Real Estate Equities Profile

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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