DAVENPORT & Co LLC Decreases Stock Position in Alexandria Real Estate Equities, Inc. $ARE

DAVENPORT & Co LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 95.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,305 shares of the real estate investment trust’s stock after selling 1,062,360 shares during the period. DAVENPORT & Co LLC’s holdings in Alexandria Real Estate Equities were worth $2,609,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Loomis Sayles & Co. L P bought a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $27,000. Avalon Trust Co bought a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its position in Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 355 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. Finally, BOKF NA boosted its stake in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus bought 25,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the transaction, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the topic of several analyst reports. Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Robert W. Baird dropped their price target on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Finally, Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $64.47.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $46.02 on Friday. The stock has a fifty day moving average of $52.91 and a 200 day moving average of $58.98. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $96.56. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of -5.45, a PEG ratio of 5.57 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. During the same quarter in the previous year, the firm posted $2.39 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock repurchase 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 reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

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.