PNC Financial Services Group Inc. Lowers Position in Alexandria Real Estate Equities, Inc. $ARE

PNC Financial Services Group Inc. decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,114 shares of the real estate investment trust’s stock after selling 14,840 shares during the period. PNC Financial Services Group Inc.’s holdings in Alexandria Real Estate Equities were worth $1,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. State Street Corp boosted its holdings in Alexandria Real Estate Equities by 3.7% during 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 buying an additional 399,286 shares in the last quarter. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 4.0% during the third quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock worth $318,516,000 after buying an additional 145,562 shares in the last quarter. Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 4.3% during 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 buying an additional 106,783 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 26.1% during 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 buying an additional 531,668 shares in the last quarter. 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% during 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 buying an additional 1,652,298 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $49.89 on Thursday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The stock has a market cap of $8.69 billion, a P/E ratio of -7.96, a PEG ratio of 5.87 and a beta of 1.12. The company has a 50-day moving average of $46.12 and a two-hundred day moving average of $50.03. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 5.8%. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARE shares. Cantor Fitzgerald decreased their price objective on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Tuesday, March 10th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Morgan Stanley decreased their price objective on shares of Alexandria Real Estate Equities from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Robert W. Baird reissued a “neutral” rating and set a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.23.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas bought 3,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the executive vice president owned 33,024 shares in the company, valued at approximately $1,353,984. The trade was a 11.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the transaction, the executive vice president directly owned 48,301 shares of the company’s stock, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by company 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.