Amundi trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,633 shares of the real estate investment trust’s stock after selling 46,249 shares during the quarter. Amundi’s holdings in Alexandria Real Estate Equities were worth $24,139,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock worth $2,184,000 after buying an additional 11,762 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 3,068 shares during the last quarter. Empowered Funds LLC lifted its position in Alexandria Real Estate Equities by 4.8% during the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 296 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after acquiring an additional 3,714 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Alexandria Real Estate Equities by 171.5% during the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after acquiring an additional 4,163 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Insiders Place Their Bets
In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer owned 102,516 shares of the company’s stock, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus bought 5,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $46.28 per share, for a total transaction of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. This represents a 0.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is currently owned by company insiders.
Alexandria Real Estate Equities Stock Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last posted its quarterly 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). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The business had revenue of $662.78 million during the quarter, compared to analyst estimates of $464.86 million. During the same period in the prior year, the business earned $2.33 earnings per share. The firm’s quarterly revenue 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. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.
Analyst Ratings Changes
ARE has been the topic of a number of research analyst reports. Zacks Research upgraded Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Robert W. Baird raised their target price on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Evercore reiterated an “outperform” rating and issued a $57.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $52.85.
Check Out Our Latest Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Company Profile
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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