Public Employees Retirement System of Ohio Invests $13.22 Million in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Ohio’s public employees’ retirement system purchased 250,126 shares of Alexandria Real Estate Equities, valued at approximately $13.22 million, giving it a 0.14% stake. Institutional investors collectively own 96.54% of the REIT.
• Alexandria reported quarterly revenue of $662.8 million but missed earnings expectations, posting a loss of $0.43 per share versus analysts’ expected $0.09 profit; revenue declined 13% year over year.
• ARE shares opened at $51.65, near analysts’ average price target of $52.85. Analyst sentiment remains cautious, with a consensus rating of “Reduce” based on two Buy, 11 Hold and three Sell ratings.

Public Employees Retirement System of Ohio bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 250,126 shares of the real estate investment trust's stock, valued at approximately $13,219,000. Public Employees Retirement System of Ohio owned about 0.14% of Alexandria Real Estate Equities at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $1,146,423,000. Norges Bank bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at approximately $805,429,000. State Street Corp boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust's stock valued at $563,418,000 after purchasing an additional 75,161 shares during the period. Invesco Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 57.9% in the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock worth $295,270,000 after purchasing an additional 2,211,424 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust's stock worth $217,466,000 after purchasing an additional 48,490 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 0.2%

NYSE:ARE opened at $51.65 on Monday. The firm has a market capitalization of $9.00 billion, a P/E ratio of -8.52 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 50-day simple moving average is $50.74 and its 200 day simple moving average is $49.51.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $464.86 million. During the same quarter in the previous year, the business posted $2.33 earnings per share. Alexandria Real Estate Equities's revenue for the quarter 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. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ARE shares. Mizuho lowered their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Citigroup upped their price objective on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. BMO Capital Markets raised their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Friday, June 12th. Zacks Research raised Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $52.85.

Insiders Place Their Bets

In other news, CFO Marc E. Binda sold 2,000 shares of the firm'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 directly owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $46.28 per share, with a total value of $231,400.00. Following the transaction, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. The trade was a 0.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by insiders.

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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