Commerzbank Aktiengesellschaft FI Purchases 17,398 Shares of Alexandria Real Estate Equities, Inc. $ARE

Commerzbank Aktiengesellschaft FI boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 41.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,458 shares of the real estate investment trust’s stock after acquiring an additional 17,398 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Alexandria Real Estate Equities were worth $4,956,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARE. Sound Income Strategies LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $25,000. Loomis Sayles & Co. L P bought a new position in Alexandria Real Estate Equities during the second quarter worth about $27,000. American National Bank & Trust acquired a new position in Alexandria Real Estate Equities during the second quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc bought a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $59.72 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $44.10 and a 12-month high of $105.14. The company’s 50 day moving average price is $51.05 and its two-hundred day moving average price is $67.37. The firm has a market cap of $10.32 billion, a PE ratio of -24.18, a PEG ratio of 7.21 and a beta of 1.31. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last issued its quarterly earnings results 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). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The company had revenue of $751.94 million during the quarter, compared to the consensus estimate of $752.90 million. During the same quarter last year, the firm posted $2.37 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Equities research analysts predict 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 initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s board 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. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -116.60%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Director Sheila K. Mcgrath purchased 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, for a total transaction of $141,360.00. Following the transaction, the director owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. The trade was a 58.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ARE. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Jefferies Financial Group decreased their price objective on shares of Alexandria Real Estate Equities from $62.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Citigroup dropped 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. BNP Paribas Exane reduced their target price on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Alexandria Real Estate Equities from $83.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, December 19th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.57.

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Key Alexandria Real Estate Equities News

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Alexandria Real Estate Equities Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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