Wealth Enhancement Advisory Services LLC Sells 49,246 Shares of Alexandria Real Estate Equities, Inc. $ARE
by Renee Jackson · The Cerbat GemWealth Enhancement Advisory Services LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 62.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,218 shares of the real estate investment trust’s stock after selling 49,246 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Alexandria Real Estate Equities were worth $1,583,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Alexandria Real Estate Equities by 3.7% in the 3rd 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 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 worth $318,516,000 after purchasing an additional 145,562 shares during the period. Northern Trust Corp boosted its position 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 worth $215,174,000 after purchasing an additional 106,783 shares during the period. AQR Capital Management LLC increased its stake in shares of Alexandria Real Estate Equities by 26.1% in the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock worth $211,682,000 after purchasing an additional 531,668 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alexandria Real Estate Equities by 1,022.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock valued at $151,175,000 after purchasing an additional 1,652,298 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Insider Buying and Selling
In related news, Chairman Joel S. Marcus purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price 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. This represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts recently commented 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 note on Tuesday, February 10th. Morgan Stanley reduced their price objective on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. Evercore boosted their target price on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Jefferies Financial Group increased their target price on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Cantor Fitzgerald lifted their price target on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.47.
Alexandria Real Estate Equities Stock Performance
NYSE:ARE opened at $43.16 on Friday. The business’s 50-day moving average price is $51.52 and its two-hundred day moving average price is $57.56. Alexandria Real Estate Equities, Inc. has a twelve month low of $41.44 and a twelve month high of $91.47. The stock has a market cap of $7.48 billion, a P/E ratio of -5.11, a PEG ratio of 5.23 and a beta of 1.33. 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 (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping the consensus estimate of $2.15 by $0.01. The company 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%.Alexandria Real Estate Equities’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 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 initiated a share repurchase program 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 purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Alexandria Real Estate Equities Dividend Announcement
The business also recently declared 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. This represents a $2.88 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently -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.
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