Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,120,991 shares of the real estate investment trust’s stock after acquiring an additional 38,392 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexandria Real Estate Equities were worth $52,036,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARE. BOKF NA grew 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 worth $31,000 after acquiring an additional 362 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. CIBC Private Wealth Group LLC boosted its stake in Alexandria Real Estate Equities by 109.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 228 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Quarry LP acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas bought 3,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $41.00 per share, with a total value of $143,500.00. Following the completion of the purchase, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. The trade was a 11.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer owned 188,264 shares in the company, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an “underweight” rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. BMO Capital Markets lifted their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Royal Bank Of Canada decreased their target price on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $51.08.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $50.18 on Friday. The firm has a market cap of $8.74 billion, a PE ratio of -8.00, a P/E/G ratio of 6.05 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month 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 business has a 50-day moving average price of $50.39 and a 200 day moving average price of $50.37.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. During the same quarter last year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 6.36 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.

Alexandria Real Estate Equities Company Profile

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.