UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• UBS Asset Management reduced its Alexandria Real Estate Equities stake by 8.8% in the second quarter, selling 117,111 shares and retaining 1.22 million shares valued at approximately $64.5 million. Institutional investors collectively own 96.54% of ARE.
• Analyst sentiment remains cautious, with two Buy, 11 Hold and three Sell ratings producing an average “Reduce” rating and a consensus price target of $52.85. ARE recently traded at $52.72.
• Alexandria reported a quarterly loss of $0.43 per share, missing expectations of $0.09, while revenue fell 13% year over year to $662.8 million. The company declared a $0.72 quarterly dividend, equivalent to a 5.5% yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,219,759 shares of the real estate investment trust's stock after selling 117,111 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.70% of Alexandria Real Estate Equities worth $64,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. BlackRock Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $1,146,423,000. Norges Bank acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth about $805,429,000. State Street Corp boosted its position in 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 worth $563,418,000 after acquiring an additional 75,161 shares during the last quarter. Invesco Ltd. grew its stake in Alexandria Real Estate Equities by 57.9% during the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust's stock valued at $295,270,000 after acquiring an additional 2,211,424 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust's stock valued at $217,466,000 after acquiring an additional 48,490 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer directly owned 102,516 shares of the company's stock, valued at $5,221,139.88. The trade was a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joel S. Marcus purchased 5,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the purchase, the chairman directly owned 592,724 shares of the company's stock, valued at approximately $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.35% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the topic of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. BMO Capital Markets lifted their price objective on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a "market perform" rating in a research report on Friday, June 12th. Wall Street Zen lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Citigroup upped their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, Evercore reiterated an "outperform" rating and set a $57.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $52.85.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $52.72 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $9.19 billion, a P/E ratio of -8.70 and a beta of 1.15. The firm's 50 day moving average price is $50.78 and its 200-day moving average price is $49.47. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million during the quarter, compared to analysts' expectations of $464.86 million. During the same period in the previous year, the firm earned $2.33 EPS. The firm's revenue for the quarter 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, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Alexandria Real Estate Equities's payout ratio is currently -47.52%.

About Alexandria Real Estate Equities

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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