Clal Insurance Enterprises Holdings Ltd Raises Stock Position in Alexandria Real Estate Equities, Inc. $ARE

Clal Insurance Enterprises Holdings Ltd grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 48.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 574,000 shares of the real estate investment trust’s stock after purchasing an additional 188,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Alexandria Real Estate Equities were worth $48,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rafferty Asset Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 7.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 20,937 shares of the real estate investment trust’s stock valued at $1,745,000 after buying an additional 1,416 shares during the period. Harvest Portfolios Group Inc. increased its position in shares of Alexandria Real Estate Equities by 2.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 9,970 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 242 shares during the last quarter. Argent Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $275,000. GSI Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $3,791,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $6,501,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $54.07 on Friday. 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, Inc. has a 1 year low of $44.10 and a 1 year high of $105.14. The stock’s 50 day moving average price is $53.68 and its 200 day moving average price is $63.35. The firm has a market cap of $9.37 billion, a P/E ratio of -6.41, a PEG ratio of 6.68 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The firm had revenue of $754.41 million for the quarter, compared to analyst estimates 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%. Alexandria Real Estate Equities’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business 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 expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share repurchase plan on Monday, December 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is 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 $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.

Insider Transactions at Alexandria Real Estate Equities

In related news, Director Sheila K. Mcgrath purchased 3,100 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the acquisition, the director directly owned 8,392 shares in the company, valued at $382,675.20. The trade was a 58.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel S. Marcus bought 25,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were acquired 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 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 SEC filing for this purchase provides additional information. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 21st. Finally, Robert W. Baird decreased their price objective on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.73.

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.