Edgemoor Investment Advisors Inc. Sells 9,853 Shares of Alexandria Real Estate Equities, Inc. $ARE

Edgemoor Investment Advisors Inc. reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,555 shares of the real estate investment trust’s stock after selling 9,853 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $3,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $1,195,306,000. State Street Corp raised its stake in Alexandria Real Estate Equities by 1.7% during the second quarter. State Street Corp now owns 10,873,745 shares of the real estate investment trust’s stock valued at $803,863,000 after buying an additional 181,674 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,318,035 shares of the real estate investment trust’s stock worth $312,407,000 after acquiring an additional 82,591 shares in the last quarter. Invesco Ltd. grew 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 worth $267,011,000 after acquiring an additional 528,575 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 4.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock worth $192,848,000 after acquiring an additional 125,020 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.5%

ARE stock opened at $56.17 on Tuesday. The company has a market cap of $9.73 billion, a price-to-earnings ratio of -6.66, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50-day moving average is $51.86 and its two-hundred day moving average is $65.43. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, beating the consensus estimate of $2.15 by $0.01. The firm had revenue of $754.41 million during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter 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. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has approved a share repurchase program on Monday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.1%. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Insider Activity at Alexandria Real Estate Equities

In related news, Director Sheila K. Mcgrath acquired 3,100 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the purchase, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ARE. 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. Jefferies Financial Group upped their target price 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. Citizens Jmp downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, November 3rd. Finally, BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $66.13.

Alexandria Real Estate Equities 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.