Legal & General Group Plc Purchases New Position in Alexandria Real Estate Equities, Inc. $ARE

Legal & General Group Plc acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,450,268 shares of the real estate investment trust's stock, valued at approximately $76,647,000. Legal & General Group Plc owned about 0.83% of Alexandria Real Estate Equities as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth approximately $26,000. Basecamp Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 3,723.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 633 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $30,000. BOKF NA raised its holdings in shares of Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $33,000. Institutional investors own 96.54% of the company's stock.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 5,000 shares of the business's stock in a transaction dated 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 acquisition, the chairman directly owned 592,724 shares in the company, valued at $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 of the company's stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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

Shares of ARE opened at $52.32 on Friday. The company has a market capitalization of $9.12 billion, a PE ratio of -8.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company's fifty day moving average price is $50.73 and its 200 day moving average price is $49.54.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results 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). 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 firm's revenue was down 13.0% on a year-over-year basis. During the same quarter last 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. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 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 (DPR) is -47.52%.

Analyst Ratings Changes

ARE has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $52.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Cantor Fitzgerald raised their target price on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Evercore reaffirmed an "outperform" rating and issued a $57.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Wall Street Zen downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Reduce" and a consensus price target of $52.85.

Alexandria Real Estate Equities Company 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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