Robeco Institutional Asset Management B.V. Sells 46,662 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Robeco Institutional Asset Management reduced its Alexandria Real Estate Equities stake by 58.4%, selling 46,662 shares and retaining 33,262 shares valued at approximately $1.58 million. Institutional investors collectively own 96.54% of ARE.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $50.86. Recent targets range from $40 to $59, while two analysts rate the stock Buy, ten Hold, and four Sell.
• ARE shares opened at $42.92, near their 52-week low, while the company maintains a quarterly dividend of $0.72 per share, equivalent to an annualized 6.7% yield.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 58.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,262 shares of the real estate investment trust's stock after selling 46,662 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Alexandria Real Estate Equities were worth $1,579,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ARE. Handelsbanken Fonder AB raised its stake in Alexandria Real Estate Equities by 58.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust's stock valued at $3,620,000 after purchasing an additional 25,300 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $1,155,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $2,047,000. Hsbc Holdings PLC increased its stake in Alexandria Real Estate Equities by 15.2% during the second quarter. Hsbc Holdings PLC now owns 1,208,572 shares of the real estate investment trust's stock valued at $64,485,000 after acquiring an additional 159,552 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $1,429,000. Institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARE. Royal Bank Of Canada set a $41.00 price objective on Alexandria Real Estate Equities in a report on Monday, October 12th. BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $48.00 to $40.00 and set an "underperform" rating for the company in a research note on Tuesday, September 29th. Citigroup raised their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. The Goldman Sachs Group raised their target price on Alexandria Real Estate Equities from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Friday, September 18th. Finally, Wall Street Zen lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Reduce" and a consensus price target of $50.86.

Insider Activity

In other Alexandria Real Estate Equities news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the business's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the transaction, the executive vice president owned 39,152 shares of the company's stock, valued at approximately $1,977,567.52. The trade was a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus bought 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the purchase, the chairman directly owned 597,724 shares in the company, valued at approximately $29,694,928.32. The trade was a 0.84% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Trading Down 0.2%

ARE stock opened at $42.92 on Monday. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $78.51. The firm has a market cap of $7.48 billion, a P/E ratio of -7.08 and a beta of 1.16. The business's 50 day moving average is $48.99 and its 200-day moving average is $48.99. 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 (NYSE:ARE - Get Free Report) last issued its 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 company had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.7%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -47.52%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc NYSE: ARE is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.

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