VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.05 Million in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Virginia Retirement Systems acquired 38,734 shares of Alexandria Real Estate Equities in the second quarter, worth approximately $2.05 million. Institutional investors and hedge funds collectively own 96.54% of the company.
• Alexandria reported quarterly revenue of $662.78 million but missed earnings expectations, posting a loss of $0.43 per share versus the $0.09 consensus estimate. The stock opened at $51.13, near its 50-day and 200-day moving averages.
• The company declared a quarterly dividend of $0.72 per share, equivalent to $2.88 annually and a 5.6% yield. Analysts maintain a consensus “Reduce” rating with an average price target of $52.85.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,734 shares of the real estate investment trust's stock, valued at approximately $2,047,000.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alexandria Real Estate Equities by 0.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust's stock valued at $1,711,000 after purchasing an additional 198 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Alexandria Real Estate Equities by 2.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust's stock valued at $352,000 after buying an additional 200 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 228 shares in the last quarter. Quarry LP boosted its stake in Alexandria Real Estate Equities by 33.9% during the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 251 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in Alexandria Real Estate Equities by 4.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust's stock worth $285,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $51.13 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 1 year low of $39.41 and a 1 year high of $88.24. The company has a market cap of $8.91 billion, a PE ratio of -8.44 and a beta of 1.15. The stock's 50-day moving average price is $50.48 and its two-hundred day moving average price is $49.40.

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) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.52). The firm 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 business's quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, 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 paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.6%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -47.52%.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joel S. Marcus bought 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the acquisition, the chairman directly owned 592,724 shares of the company's stock, valued at approximately $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

ARE has been the topic of several research reports. BNP Paribas Exane boosted their price target on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 5th. Citigroup lifted their price objective on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Evercore restated an "outperform" rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Finally, Morgan Stanley restated an "underweight" rating and issued a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $52.85.

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. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.

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