Flax Pond Capital LLC Acquires Shares of 57,400 Alexandria Real Estate Equities, Inc. $ARE

Flax Pond Capital LLC bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 57,400 shares of the real estate investment trust’s stock, valued at approximately $2,809,000. Alexandria Real Estate Equities makes up about 2.1% of Flax Pond Capital LLC’s holdings, making the stock its 22nd largest holding.

Other large investors have also recently made changes to their positions in the company. DNB Asset Management AS lifted its stake in shares of Alexandria Real Estate Equities by 121.4% in the 3rd 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 during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Alexandria Real Estate Equities by 159.3% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 491,416 shares of the real estate investment trust’s stock worth $40,955,000 after purchasing an additional 301,906 shares during the period. Gradient Investments LLC increased its position in shares of Alexandria Real Estate Equities by 1,453.9% during the 4th quarter. Gradient Investments LLC now owns 257,838 shares of the real estate investment trust’s stock valued at $12,619,000 after purchasing an additional 241,245 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Alexandria Real Estate Equities by 21.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,415,876 shares of the real estate investment trust’s stock valued at $69,293,000 after purchasing an additional 253,402 shares during the last quarter. Finally, GSI Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $3,791,000. 96.54% of the stock is currently owned by institutional investors.

Insider Activity at Alexandria Real Estate Equities

In related news, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Calvin Thomas purchased 3,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the purchase, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley reissued an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Jefferies Financial Group dropped their price target on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.62.

Alexandria Real Estate Equities Price Performance

ARE opened at $51.07 on Friday. The business has a fifty day moving average of $47.89 and a 200 day moving average of $49.92. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. The stock has a market cap of $8.90 billion, a P/E ratio of -8.14, a PEG ratio of 6.18 and a beta of 1.19.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.72 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.

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.