Mitsubishi UFJ Asset Management Co. Ltd. Invests $17.75 Million in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Mitsubishi UFJ Asset Management acquired 335,958 shares of Alexandria Real Estate Equities worth approximately $17.75 million, giving it a 0.19% stake. Institutional investors collectively own 96.54% of the REIT.
• Analyst sentiment remains cautious: Alexandria has a consensus “Reduce” rating and a $52.38 target price, while some firms recently downgraded the stock to “Sell” or “Strong Sell.”
• Alexandria reported a quarterly EPS loss of $0.43, missing estimates by $0.52, although revenue reached $662.78 million. The company continues to pay a $0.72 quarterly dividend, representing a 5.4% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 335,958 shares of the real estate investment trust's stock, valued at approximately $17,755,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Alexandria Real Estate Equities as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 18.1% during 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 acquiring an additional 188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alexandria Real Estate Equities by 0.9% in the 2nd 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 purchasing an additional 198 shares in the last quarter. New Mexico Educational Retirement Board boosted 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 purchasing an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 228 shares during the last quarter. Finally, Quarry LP grew its position in Alexandria Real Estate Equities by 33.9% during the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 251 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Joel S. Marcus bought 5,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $46.28 per share, with a total value of $231,400.00. Following the completion of the acquisition, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. The trade was 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 this link. Also, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities 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 transaction, the chief financial officer owned 188,264 shares of the company's stock, valued at approximately $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. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a report on Friday, June 12th. Cantor Fitzgerald boosted their price objective on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Wall Street Zen downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Zacks Research lowered Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating in a research note on Friday, July 17th. 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 report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Reduce" and a consensus target price of $52.38.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $53.03 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. 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 50 day simple moving average of $50.57 and a two-hundred day simple moving average of $49.60. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of -8.75 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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 return on equity of 5.21% and a negative net margin of 36.08%.The business had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same quarter in the previous year, the company earned $2.33 EPS. The firm'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, analysts predict that Alexandria Real Estate Equities, Inc. will post 6.38 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.4%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -47.52%.

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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