DNB Asset Management AS Has $7.72 Million Stock Position in Alexandria Real Estate Equities, Inc. $ARE

DNB Asset Management AS boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 121.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,657 shares of the real estate investment trust’s stock after buying an additional 50,810 shares during the quarter. DNB Asset Management AS owned approximately 0.05% of Alexandria Real Estate Equities worth $7,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARE. IFM Investors Pty Ltd increased its holdings in shares of Alexandria Real Estate Equities by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock worth $4,909,000 after acquiring an additional 150 shares during the last quarter. Kaufman Rossin Wealth LLC boosted its position in Alexandria Real Estate Equities by 6.3% during the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares during the last quarter. Zions Bancorporation National Association UT raised its position in shares of Alexandria Real Estate Equities by 0.4% in the second quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock valued at $4,037,000 after purchasing an additional 202 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Alexandria Real Estate Equities by 17.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 203 shares during the period. Institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Sheila K. Mcgrath purchased 3,100 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $45.60 per share, for a total transaction of $141,360.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joel S. Marcus purchased 25,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the completion of the purchase, the chairman directly owned 562,724 shares in the company, valued at $30,342,078.08. The trade was a 4.65% increase in their position. The SEC filing for this purchase provides additional information. 1.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. The Goldman Sachs Group started coverage on Alexandria Real Estate Equities in a report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 21st. BMO Capital Markets lifted their price target on Alexandria Real Estate Equities from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Citigroup reduced their price target on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Stock Down 1.9%

NYSE ARE opened at $54.07 on Monday. The business has a fifty day moving average price of $53.68 and a two-hundred day moving average price of $63.20. The stock has a market capitalization of $9.37 billion, a PE ratio of -6.41, a PEG ratio of 6.55 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $105.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. During the same quarter in the previous year, the firm earned $2.39 EPS. Alexandria Real Estate Equities’s revenue 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. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has approved a stock repurchase plan on Monday, December 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.3%. Alexandria Real Estate Equities’s payout ratio is -34.12%.

About Alexandria Real Estate Equities

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.