Ibex Wealth Advisors Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Ibex Wealth Advisors acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,003 shares of the real estate investment trust’s stock, valued at approximately $6,501,000.

A number of other institutional investors also recently modified their holdings of ARE. Aster Capital Management DIFC Ltd acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $41,000. Handelsbanken Fonder AB raised its position in Alexandria Real Estate Equities by 0.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 112,593 shares of the real estate investment trust’s stock valued at $9,384,000 after buying an additional 601 shares during the last quarter. DNB Asset Management AS grew its position in Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock valued at $7,722,000 after purchasing an additional 50,810 shares in the last quarter. Choreo LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $307,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Alexandria Real Estate Equities by 3.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,120 shares of the real estate investment trust’s stock valued at $36,013,000 after acquiring an additional 16,018 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Joel S. Marcus purchased 25,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the acquisition, the chairman owned 562,724 shares in the company, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $45.60 per share, with a total value of $141,360.00. Following the purchase, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Trading Down 1.9%

Shares of ARE stock opened at $54.07 on Friday. The company has a market cap of $9.37 billion, a P/E ratio of -6.41, a PEG ratio of 6.68 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $105.14. The stock has a 50 day simple moving average of $53.68 and a two-hundred day simple moving average of $63.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The company had revenue of $754.41 million for the quarter, compared to the consensus estimate of $742.64 million. During the same quarter in the previous year, the company earned $2.39 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback program 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 buy up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Analysts Set New Price Targets

ARE has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 21st. Evercore upped their price objective on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Cantor Fitzgerald upped their price target on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. Finally, Mizuho lowered their price objective on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.73.

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.