Strs Ohio Has $41.68 Million Stake in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Strs Ohio raised its stake in Alexandria Real Estate Equities by 23.8% to 851,544 shares worth about $41.68 million, and institutional investors now own roughly 96.54% of the stock.
• Chairman Joel S. Marcus bought 25,000 shares at about $53.92, increasing his holdings to 562,724 shares, while insiders collectively own approximately 1.35% of the company.
• Analysts have a consensus Hold rating with a $55.08 target after several price cuts; the REIT reported quarterly EPS of $1.73 (in line with estimates), revenue down 11.5% year-over-year, and declared a $0.72 quarterly dividend (about a 7.0% yield).

Strs Ohio lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 23.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 851,544 shares of the real estate investment trust's stock after purchasing an additional 163,508 shares during the quarter. Strs Ohio owned 0.49% of Alexandria Real Estate Equities worth $41,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 152,471 shares of the real estate investment trust's stock valued at $7,462,000 after buying an additional 1,087 shares during the period. Samalin Investment Counsel LLC grew its holdings in shares of Alexandria Real Estate Equities by 121.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 5,388 shares of the real estate investment trust's stock valued at $264,000 after acquiring an additional 2,952 shares in the last quarter. Inscription Capital LLC increased its stake in shares of Alexandria Real Estate Equities by 125.6% in the fourth quarter. Inscription Capital LLC now owns 8,298 shares of the real estate investment trust's stock worth $406,000 after acquiring an additional 4,619 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Alexandria Real Estate Equities by 64.0% during the fourth quarter. Legacy Capital Group California Inc. now owns 11,760 shares of the real estate investment trust's stock worth $576,000 after acquiring an additional 4,591 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Alexandria Real Estate Equities by 44.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,279 shares of the real estate investment trust's stock worth $12,547,000 after acquiring an additional 77,874 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ARE shares. Cantor Fitzgerald dropped their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a "neutral" rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price target on Alexandria Real Estate Equities from $55.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, February 9th. Jefferies Financial Group dropped their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a "hold" rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Finally, Zacks Research raised shares of Alexandria Real Estate Equities from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.08.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus bought 25,000 shares of the stock in a transaction on Thursday, February 12th. The shares were purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company's stock, valued at $30,342,078.08. This represents a 4.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Hallie E. Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the completion of the transaction, the executive vice president directly owned 48,301 shares in the company, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company's stock.

Alexandria Real Estate Equities Trading Up 2.3%

NYSE:ARE opened at $41.44 on Friday. The company's 50 day moving average is $47.90 and its 200-day moving average is $52.64. The company has a quick ratio of 0.23, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -6.61, a P/E/G ratio of 5.01 and a beta of 1.12.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. During the same period in the prior year, the firm earned $2.30 EPS. Alexandria Real Estate Equities's quarterly revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -45.93%.

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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