Alexandria Real Estate Equities, Inc. $ARE Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.8% in the third quarter, Holdings Channel.com reports. The fund owned 576,095 shares of the real estate investment trust’s stock after buying an additional 26,211 shares during the period. Envestnet Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $48,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Telos Capital Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 4.3% during the third quarter. Telos Capital Management Inc. now owns 18,600 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 759 shares during the period. Penserra Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 3.4% during the 3rd quarter. Penserra Capital Management LLC now owns 19,562 shares of the real estate investment trust’s stock valued at $1,630,000 after buying an additional 635 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Alexandria Real Estate Equities by 5,916.7% during the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 355 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Alexandria Real Estate Equities by 5.1% in the third quarter. Raleigh Capital Management Inc. now owns 11,338 shares of the real estate investment trust’s stock worth $945,000 after acquiring an additional 554 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its holdings in Alexandria Real Estate Equities by 141.9% in the third quarter. Atlantic Union Bankshares Corp now owns 1,964 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 1,152 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 0.5%

Alexandria Real Estate Equities stock opened at $56.17 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $105.14. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of -6.66, a PEG ratio of 6.76 and a beta of 1.31. The company’s 50-day moving average price is $51.86 and its two-hundred day moving average price is $65.43. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. During the same period last year, the firm posted $2.39 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback program on Monday, December 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

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

Insider Buying and Selling 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 price of $45.60 per share, with a total value of $141,360.00. Following the completion of the purchase, the director directly owned 8,392 shares of the company’s stock, valued at $382,675.20. This represents a 58.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ARE shares. Citizens Jmp cut Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Cantor Fitzgerald increased their target price on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their price target on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a “hold” rating in a report on Friday, January 30th. Citigroup cut their price objective on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Finally, Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.