DAVENPORT & Co LLC Sells 1,062,360 Shares of Alexandria Real Estate Equities, Inc. $ARE

DAVENPORT & Co LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 95.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,305 shares of the real estate investment trust’s stock after selling 1,062,360 shares during the period. DAVENPORT & Co LLC’s holdings in Alexandria Real Estate Equities were worth $2,609,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ARE. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $1,195,306,000. State Street Corp boosted its position in shares of Alexandria Real Estate Equities by 3.7% in the third quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after acquiring an additional 399,286 shares during the period. Invesco Ltd. boosted its position in shares of Alexandria Real Estate Equities by 4.0% in the third quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock valued at $318,516,000 after acquiring an additional 145,562 shares during the period. Northern Trust Corp grew its stake in Alexandria Real Estate Equities by 4.3% during the third quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust’s stock valued at $215,174,000 after acquiring an additional 106,783 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Alexandria Real Estate Equities by 26.1% during the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock valued at $211,682,000 after acquiring an additional 531,668 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $46.02 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $44.10 and a 52-week high of $96.56. The company has a fifty day moving average of $52.91 and a 200-day moving average of $58.98. The company has a market capitalization of $7.97 billion, a P/E ratio of -5.45, a P/E/G ratio of 5.57 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.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.82% and a negative net margin of 47.23%.The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase program on Monday, December 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Insider Activity

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus acquired 25,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARE. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $60.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. JPMorgan Chase & Co. cut their price target on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Evercore increased their price objective on Alexandria Real Estate Equities from $64.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $52.00 price objective (down from $65.00) on shares of Alexandria Real Estate Equities in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average target price of $64.47.

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.