Bamco Inc. NY Sells 135,902 Shares of Alexandria Real Estate Equities, Inc. $ARE

Bamco Inc. NY reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 87.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,104 shares of the real estate investment trust’s stock after selling 135,902 shares during the period. Bamco Inc. NY’s holdings in Alexandria Real Estate Equities were worth $1,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth $1,195,306,000. State Street Corp raised its holdings 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 worth $803,863,000 after purchasing an additional 181,674 shares during the period. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 1.9% during the second 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 in the last quarter. Invesco Ltd. grew its holdings in Alexandria Real Estate Equities by 4.0% during 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 purchasing an additional 145,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Alexandria Real Estate Equities by 4.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock valued at $192,848,000 after purchasing an additional 125,020 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ARE shares. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Citigroup cut their price objective 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target on the stock. Four 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 MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.33.

Alexandria Real Estate Equities Stock Down 0.3%

ARE opened at $48.26 on Tuesday. The company has a market capitalization of $8.36 billion, a PE ratio of -5.72, a price-to-earnings-growth ratio of 5.86 and a beta of 1.31. The firm has a 50-day simple moving average of $54.13 and a two-hundred day simple moving average of $61.04. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 52 week low of $44.10 and a 52 week high of $101.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its 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. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The firm had revenue of $754.41 million for the quarter, compared to analysts’ expectations of $742.64 million. During the same period in the previous year, the firm posted $2.39 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.0%. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Chairman Joel S. Marcus acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average cost of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.15% of the stock is owned by company insiders.

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.