Greenland Capital Management LP Acquires New Position in Alexandria Real Estate Equities, Inc. $ARE

Greenland Capital Management LP bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 48,119 shares of the real estate investment trust’s stock, valued at approximately $4,010,000.

A number of other institutional investors also recently modified their holdings of the stock. Analyst IMS Investment Management Services Ltd. increased its position in Alexandria Real Estate Equities by 48.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 721,671 shares of the real estate investment trust’s stock worth $52,415,000 after purchasing an additional 235,093 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Alexandria Real Estate Equities by 10.7% during the 2nd quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock valued at $29,511,000 after buying an additional 39,117 shares during the last quarter. Washburn Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $949,000. Penserra Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 46.3% in the 2nd quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock valued at $1,374,000 after buying an additional 5,994 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Alexandria Real Estate Equities by 114.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock worth $55,020,000 after buying an additional 404,938 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Jefferies Financial Group upped their price objective on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Morgan Stanley lowered their target price on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. Finally, 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 target price on the stock. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $65.73.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $53.75 on Tuesday. The firm has a market capitalization of $9.32 billion, a PE ratio of -6.37, a PEG ratio of 6.52 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $44.10 and a 1 year high of $105.14. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $53.16 and its 200 day simple moving average is $63.74.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is currently -34.12%.

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

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath purchased 3,100 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joel S. Marcus acquired 25,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the purchase, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. The trade was a 4.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

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.