CI Investments Inc. Reduces Holdings in Alexandria Real Estate Equities, Inc. $ARE

CI Investments Inc. reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 29.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,640 shares of the real estate investment trust’s stock after selling 97,515 shares during the period. CI Investments Inc.’s holdings in Alexandria Real Estate Equities were worth $19,722,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IFM Investors Pty Ltd lifted its stake in shares of Alexandria Real Estate Equities by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock worth $4,909,000 after acquiring an additional 150 shares in the last quarter. Kaufman Rossin Wealth LLC raised its position in shares of Alexandria Real Estate Equities by 6.3% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alexandria Real Estate Equities by 0.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock valued at $4,037,000 after buying an additional 202 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Alexandria Real Estate Equities by 17.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 203 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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 report on Tuesday, February 10th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 21st. The Goldman Sachs Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target on the stock. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $65.73.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $52.32 on Wednesday. The company has a market cap of $9.07 billion, a PE ratio of -6.20, a P/E/G ratio of 6.38 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $105.14. The firm has a 50-day simple moving average of $53.84 and a 200 day simple moving average of $62.88. 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) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 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 the consensus estimate 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 quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently -34.12%.

Alexandria Real Estate Equities announced that its board has authorized a share buyback plan on Monday, December 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Chairman Joel S. Marcus purchased 25,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the transaction, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. The trade was a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sheila K. Mcgrath acquired 3,100 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. 1.15% of the stock is owned by corporate insiders.

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.