Thrivent Financial for Lutherans Sells 27,101 Shares of Alexandria Real Estate Equities, Inc. $ARE

Thrivent Financial for Lutherans cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,274 shares of the real estate investment trust’s stock after selling 27,101 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Alexandria Real Estate Equities were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at about $30,000. MUFG Securities EMEA plc bought a new stake in Alexandria Real Estate Equities during the second quarter worth about $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Alexandria Real Estate Equities by 431.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 548 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Alexandria Real Estate Equities by 126.8% in the 3rd quarter. CVA Family Office LLC now owns 601 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sheila K. Mcgrath purchased 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the acquisition, the director directly owned 8,392 shares in the company, valued at approximately $382,675.20. The trade was a 58.58% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $56.17 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $51.86 and a 200-day moving average price of $65.43. The company has a market cap of $9.73 billion, a price-to-earnings ratio of -6.66, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 12 month low of $44.10 and a 12 month high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly 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 return on equity of 6.82% and a negative net margin of 47.23%.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 business earned $2.39 EPS. Alexandria Real Estate Equities’s 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. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

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

Alexandria Real Estate Equities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a yield of 5.1%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -34.12%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group started coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $60.00 target price for the company. 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 report on Friday, January 9th. Robert W. Baird reduced their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, BNP Paribas Exane cut their price target on shares of 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. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $66.13.

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.