Commerzbank Aktiengesellschaft FI Has $4.96 Million Holdings in Alexandria Real Estate Equities, Inc. $ARE

Commerzbank Aktiengesellschaft FI raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 41.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,458 shares of the real estate investment trust’s stock after acquiring an additional 17,398 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Alexandria Real Estate Equities were worth $4,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ARE. PFG Investments LLC bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at approximately $207,000. Orion Capital Management LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $332,000. Resona Asset Management Co. Ltd. grew its stake in shares of Alexandria Real Estate Equities by 8.4% during the third quarter. Resona Asset Management Co. Ltd. now owns 93,385 shares of the real estate investment trust’s stock worth $7,860,000 after buying an additional 7,215 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Alexandria Real Estate Equities by 18.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 87,010 shares of the real estate investment trust’s stock worth $7,251,000 after buying an additional 13,420 shares in the last quarter. Finally, Naples Global Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 88.9% during the third quarter. Naples Global Advisors LLC now owns 52,289 shares of the real estate investment trust’s stock worth $4,422,000 after buying an additional 24,611 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARE. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $72.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. BMO Capital Markets set a $60.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, December 4th. 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. Finally, Jefferies Financial Group decreased their price target on shares of Alexandria Real Estate Equities from $62.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.57.

Check Out Our Latest Report on ARE

Insider Activity at Alexandria Real Estate Equities

In other news, Director Sheila K. Mcgrath bought 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This represents a 58.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities News Roundup

Here are the key news stories impacting Alexandria Real Estate Equities this week:

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $59.72 on Friday. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of -24.18, a PEG ratio of 7.21 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52-week low of $44.10 and a 52-week high of $105.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day moving average price is $51.05 and its two-hundred day moving average price is $67.37.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last released its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The company had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 EPS. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is -116.60%.

Alexandria Real Estate Equities announced that its board has approved a stock buyback 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 buy up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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