Goldman Sachs Group Inc. Buys 1,236,781 Shares of Alexandria Real Estate Equities, Inc. $ARE

Goldman Sachs Group Inc. raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 52.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,582,387 shares of the real estate investment trust’s stock after acquiring an additional 1,236,781 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Alexandria Real Estate Equities were worth $175,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at $805,429,000. State Street Corp boosted its position in Alexandria Real Estate Equities by 3.7% during the 3rd quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after acquiring an additional 399,286 shares in the last quarter. Geode Capital Management LLC boosted its position in Alexandria Real Estate Equities by 1.1% during 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 in the last quarter. Invesco Ltd. boosted its position in Alexandria Real Estate Equities by 4.0% during the 3rd quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock valued at $318,516,000 after acquiring an additional 145,562 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Alexandria Real Estate Equities by 4.3% during the 3rd quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust’s stock valued at $215,174,000 after acquiring an additional 106,783 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the topic of several recent research reports. Morgan Stanley dropped their target price on Alexandria Real Estate Equities from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 26th. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, March 25th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group lowered their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, 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 note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $51.23.

Insiders Place Their Bets

In other news, Chairman Joel S. Marcus purchased 7,500 shares of the stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the transaction, the chairman owned 587,724 shares in the company, valued at $25,107,569.28. The trade was a 1.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the sale, the executive vice president directly owned 48,301 shares of the company’s stock, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Up 0.1%

Shares of ARE stock opened at $51.31 on Monday. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The stock’s fifty day moving average price is $46.51 and its 200 day moving average price is $49.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $8.94 billion, a price-to-earnings ratio of -8.18, a price-to-earnings-growth ratio of 6.21 and a beta of 1.19.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The firm had revenue of $671.02 million for the quarter, compared to the consensus estimate of $684.78 million. During the same period in the previous year, the business earned $2.30 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.6%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.

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.