Bamco Inc. NY Reduces Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Bamco Inc. NY cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 87.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,104 shares of the real estate investment trust’s stock after selling 135,902 shares during the period. Bamco Inc. NY’s holdings in Alexandria Real Estate Equities were worth $1,675,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ARE. Arrowstreet Capital Limited Partnership raised its stake in shares of Alexandria Real Estate Equities by 114.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock valued at $55,020,000 after acquiring an additional 404,938 shares during the period. Amundi boosted its stake in shares of Alexandria Real Estate Equities by 2.9% during the 2nd quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock worth $64,405,000 after purchasing an additional 22,820 shares during the period. Walleye Trading LLC bought a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $2,390,000. Nan Fung Trinity HK Ltd. bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $14,664,000. Finally, DNB Asset Management AS raised its position in 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 worth $7,722,000 after purchasing an additional 50,810 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus acquired 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This trade represents a 4.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Trading Down 0.3%

Shares of ARE opened at $48.26 on Tuesday. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of -5.72, a PEG ratio of 5.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $44.10 and a 1-year high of $101.21. The company has a 50-day moving average of $54.13 and a 200 day moving average of $61.04.

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

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

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.88 annualized dividend and a yield of 6.0%. Alexandria Real Estate Equities’s dividend payout ratio is -34.12%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets upped their target price on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Robert W. Baird dropped their price objective on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Four investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.33.

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.