Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,952,601 shares of the real estate investment trust’s stock after selling 154,166 shares during the quarter. Legal & General Group Plc’s holdings in Alexandria Real Estate Equities were worth $95,560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Alexandria Real Estate Equities by 3.7% in the third quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock worth $954,117,000 after purchasing an additional 399,286 shares during the period. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 4.0% in the third quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock worth $318,516,000 after purchasing an additional 145,562 shares during the period. Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 4.3% in the third quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust’s stock worth $215,174,000 after purchasing an additional 106,783 shares during the period. AQR Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 26.1% in the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock worth $211,682,000 after purchasing an additional 531,668 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock worth $151,175,000 after purchasing an additional 1,652,298 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Activity

In other news, EVP Gregory Calvin Thomas purchased 3,500 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $41.00 per share, with a total value of $143,500.00. Following the completion of the acquisition, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. The trade was a 11.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joel S. Marcus purchased 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of $42.72 per share, with a total value of $320,400.00. Following the acquisition, the chairman owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $50.03 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The company has a market cap of $8.72 billion, a price-to-earnings ratio of -7.98, a price-to-earnings-growth ratio of 6.05 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a fifty day moving average of $46.13 and a 200-day moving average of $49.99.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price objective (down from $65.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, March 25th. Robert W. Baird reiterated a “neutral” rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Evercore set a $55.00 price target on Alexandria Real Estate Equities in a research report on Monday, May 4th. Citigroup reiterated an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Finally, Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $51.23.

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.