Citigroup Inc. Grows Holdings in Alexandria Real Estate Equities, Inc. $ARE

Citigroup Inc. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 271,723 shares of the real estate investment trust’s stock after buying an additional 34,108 shares during the period. Citigroup Inc. owned 0.16% of Alexandria Real Estate Equities worth $22,645,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $1,195,306,000. State Street Corp grew its stake in 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 during the period. Geode Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 1.9% during 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 during the last quarter. Invesco Ltd. raised its stake in shares of Alexandria Real Estate Equities by 16.8% during the 2nd quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock worth $267,011,000 after purchasing an additional 528,575 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 4.9% in the 2nd 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 buying an additional 125,020 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath bought 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the transaction, the director directly owned 8,392 shares in the company, valued at $382,675.20. This represents a 58.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joel S. Marcus purchased 25,000 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the acquisition, the chairman owned 562,724 shares in the company, valued at approximately $30,342,078.08. This represents a 4.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $60.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Citizens Jmp lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. BMO Capital Markets lifted their price target on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Evercore upped their price objective on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $65.73.

Alexandria Real Estate Equities Stock Up 2.1%

Shares of NYSE ARE opened at $55.20 on Friday. 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 company has a market cap of $9.57 billion, a P/E ratio of -6.54, a P/E/G ratio of 6.55 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $105.14. The business has a 50-day simple moving average of $53.55 and a two-hundred day simple moving average of $63.48.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $742.64 million. During the same period in the prior year, the firm posted $2.39 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The company also recently declared 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is -34.12%.

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.