GSI Capital Advisors LLC Invests $3.79 Million in Alexandria Real Estate Equities, Inc. $ARE

GSI Capital Advisors LLC bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, Holdings Channel.com reports. The fund bought 45,486 shares of the real estate investment trust’s stock, valued at approximately $3,791,000. Alexandria Real Estate Equities accounts for approximately 2.1% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth about $1,195,306,000. Lasalle Investment Management Securities LLC raised its position in Alexandria Real Estate Equities by 89.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after acquiring an additional 554,236 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock valued at $267,011,000 after purchasing an additional 528,575 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 34.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,033,247 shares of the real estate investment trust’s stock worth $145,601,000 after acquiring an additional 515,405 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Alexandria Real Estate Equities by 114.8% during 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 purchasing an additional 404,938 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Robert W. Baird cut their price target 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. BNP Paribas Exane dropped their price objective on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. 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 stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $65.73.

Insiders Place Their Bets

In related news, Chairman Joel S. Marcus acquired 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheila K. Mcgrath bought 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $45.60 per share, with a total value of $141,360.00. Following the completion of the purchase, the director owned 8,392 shares in the company, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $54.07 on Friday. 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 12-month low of $44.10 and a 12-month high of $105.14. The firm has a fifty day moving average of $53.68 and a 200-day moving average of $63.35. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of -6.41, a price-to-earnings-growth ratio of 6.68 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its 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 firm had revenue of $754.41 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period 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. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.3%. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.

Alexandria Real Estate Equities announced that its board has approved a stock buyback plan on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.