VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 38,734 Alexandria Real Estate Equities, Inc. $ARE

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,734 shares of the real estate investment trust’s stock, valued at approximately $2,047,000.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $805,429,000. Monaco Asset Management SAM bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth approximately $6,582,000. Handelsbanken Fonder AB grew its position in Alexandria Real Estate Equities by 58.6% in the second quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock worth $3,620,000 after acquiring an additional 25,300 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $8,445,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $1,155,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the subject of several analyst reports. Mizuho reduced their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Morgan Stanley restated an “underweight” rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Friday, July 17th. BMO Capital Markets upped their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Finally, Evercore reissued an “outperform” rating and set a $57.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $52.85.

Alexandria Real Estate Equities Trading Up 3.2%

Shares of NYSE:ARE opened at $51.13 on Friday. The company has a market cap of $8.91 billion, a P/E ratio of -8.44 and a beta of 1.15. The stock’s 50-day moving average is $50.48 and its 200-day moving average is $49.40. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The business had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. During the same period in the prior year, the firm posted $2.33 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.6%. Alexandria Real Estate Equities’s payout ratio is -47.52%.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel Marcus bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman owned 592,724 shares of the company’s stock, valued at $27,431,266.72. The trade was a 0.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andres Gavinet sold 10,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the transaction, the chief accounting officer owned 102,516 shares of the company’s stock, valued at approximately $5,221,139.88. The trade was a 8.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by corporate insiders.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space designed to support organizations working in biotechnology, pharmaceuticals, medical devices, diagnostics, agriculture and related technology fields.

Founded in 1994, Alexandria focuses on properties located in established innovation clusters, where its campuses bring together research institutions, universities, hospitals, government agencies, start-ups and established companies.