Robeco Institutional Asset Management B.V. Sells 20,936 Shares of Alexandria Real Estate Equities, Inc. $ARE

Robeco Institutional Asset Management B.V. trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 118,059 shares of the real estate investment trust’s stock after selling 20,936 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Alexandria Real Estate Equities were worth $9,839,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in Alexandria Real Estate Equities in the 2nd quarter worth $25,000. Loomis Sayles & Co. L P bought a new stake in shares of Alexandria Real Estate Equities in the second quarter worth about $27,000. American National Bank & Trust purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $29,000. CYBER HORNET ETFs LLC bought a new position in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc bought a new position in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.3%

NYSE:ARE opened at $53.98 on Friday. The firm’s 50-day moving average price is $50.41 and its 200-day moving average price is $68.66. The company has a market capitalization of $9.33 billion, a PE ratio of -21.86, a P/E/G ratio of 6.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24. Alexandria Real Estate Equities, Inc. has a 1-year low of $44.10 and a 1-year high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to analysts’ expectations of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is currently -116.60%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ARE shares. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $95.00 to $65.00 in a research note on Monday, November 3rd. Robert W. Baird cut their price target on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Morgan Stanley began coverage on shares of Alexandria Real Estate Equities in a research report on Friday. They issued an “equal weight” rating and a $55.00 target price for the company. Finally, Cantor Fitzgerald set a $46.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $68.56.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director directly owned 8,392 shares in the company, valued at approximately $382,675.20. This represents a 58.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by insiders.

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.