Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Caxton Associates LLP

Caxton Associates LLP lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 214.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,767 shares of the real estate investment trust’s stock after buying an additional 18,934 shares during the period. Caxton Associates LLP’s holdings in Alexandria Real Estate Equities were worth $2,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Alexandria Real Estate Equities in the second quarter worth $1,195,306,000. State Street Corp increased its holdings in shares of Alexandria Real Estate Equities by 1.7% in the 2nd quarter. State Street Corp now owns 10,873,745 shares of the real estate investment trust’s stock valued at $803,863,000 after purchasing an additional 181,674 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock valued at $312,407,000 after purchasing an additional 82,591 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 16.8% in the second quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock valued at $267,011,000 after purchasing an additional 528,575 shares during the period. Finally, Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 6.2% during the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after buying an additional 158,177 shares in the last quarter. 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, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The shares were 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group set a $62.00 target price on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Monday, November 3rd. Cantor Fitzgerald lowered their price target on Alexandria Real Estate Equities from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. JPMorgan Chase & Co. reduced their price objective on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a research report on Wednesday, October 1st. Finally, Robert W. Baird dropped their price target on 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. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $72.43.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $46.62 on Monday. 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 business’s fifty day moving average price is $59.80 and its two-hundred day moving average price is $71.72. The stock has a market cap of $8.06 billion, a PE ratio of -18.88, a price-to-earnings-growth ratio of 4.02 and a beta of 1.32. Alexandria Real Estate Equities, Inc. has a one year low of $44.10 and a one year high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). The company had revenue of $751.94 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. On average, analysts forecast 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 authorized a share repurchase program on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.2%. Alexandria Real Estate Equities’s payout ratio is -213.77%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.