Resona Asset Management Co. Ltd. Cuts Position in Alexandria Real Estate Equities, Inc. $ARE

Resona Asset Management Co. Ltd. reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 70,742 shares of the real estate investment trust’s stock after selling 18,589 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $3,275,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARE. BOKF NA lifted its position in Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 362 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. CIBC Private Wealth Group LLC grew its holdings in Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Alexandria Real Estate Equities in the second quarter worth about $33,000. Finally, Quarry LP purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $62,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.4%

NYSE:ARE opened at $48.06 on Tuesday. The company’s 50-day simple moving average is $49.81 and its 200-day simple moving average is $50.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. The stock has a market capitalization of $8.38 billion, a P/E ratio of -7.67, a P/E/G ratio of 5.83 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates 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 company had revenue of $671.02 million during the quarter, compared to analysts’ expectations of $684.78 million. During the same quarter in the prior year, the company posted $2.30 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter 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. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.72 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 6.0%. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.

Insider Activity at Alexandria Real Estate Equities

In other news, EVP Gregory Calvin Thomas purchased 3,500 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the purchase, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value 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 represents a 1.05% 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. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho cut their price target 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. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. 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 research note on Tuesday, April 14th. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Finally, BNP Paribas Exane raised their price target on Alexandria Real Estate Equities from $44.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.08.

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.