Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Davis Selected Advisers

Davis Selected Advisers boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,157 shares of the real estate investment trust’s stock after buying an additional 23,970 shares during the period. Davis Selected Advisers owned 0.10% of Alexandria Real Estate Equities worth $15,014,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Alexandria Real Estate Equities by 114.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock valued at $55,020,000 after purchasing an additional 404,938 shares during the period. Amundi boosted its stake in Alexandria Real Estate Equities by 2.9% during the second quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock valued at $64,405,000 after buying an additional 22,820 shares in the last quarter. Walleye Trading LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $2,390,000. DNB Asset Management AS grew its holdings in Alexandria Real Estate Equities by 121.4% during the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after acquiring an additional 50,810 shares during the period. Finally, Nan Fung Trinity HK Ltd. bought a new stake in Alexandria Real Estate Equities in the third quarter worth about $14,664,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 2.2%

NYSE:ARE opened at $48.31 on Thursday. The business’s fifty day moving average price is $53.99 and its 200 day moving average price is $60.72. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of -5.72, a PEG ratio of 5.98 and a beta of 1.31. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 1-year low of $44.10 and a 1-year high of $98.72.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The firm had revenue of $754.41 million during the quarter, compared to analyst estimates of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its board has initiated a share repurchase plan on Monday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.

Insider Transactions at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 25,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman directly owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This represents a 4.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ARE shares. Royal Bank Of Canada restated a “sector perform” rating and set a $60.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Morgan Stanley cut their target price on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. Citigroup reduced their target price on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. decreased their price target on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Finally, BNP Paribas Exane cut their price objective on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.33.

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.