Alexandria Real Estate Equities, Inc. $ARE Stock Position Raised by Davis Selected Advisers

Davis Selected Advisers grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 180,157 shares of the real estate investment trust’s stock after acquiring an additional 23,970 shares during the period. Davis Selected Advisers’ holdings in Alexandria Real Estate Equities were worth $15,014,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the second quarter worth approximately $1,195,306,000. State Street Corp lifted its stake in Alexandria Real Estate Equities by 3.7% in the third quarter. State Street Corp now owns 11,273,031 shares of the real estate investment trust’s stock valued at $954,117,000 after acquiring an additional 399,286 shares during the last quarter. Invesco Ltd. grew its position in Alexandria Real Estate Equities by 4.0% in the third quarter. Invesco Ltd. now owns 3,821,880 shares of the real estate investment trust’s stock worth $318,516,000 after acquiring an additional 145,562 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 4.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,655,204 shares of the real estate investment trust’s stock worth $192,848,000 after acquiring an additional 125,020 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Alexandria Real Estate Equities by 4.3% during the 3rd quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust’s stock worth $215,174,000 after purchasing an additional 106,783 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 2.2%

Shares of ARE stock opened at $48.31 on Thursday. Alexandria Real Estate Equities, Inc. has a 12 month low of $44.10 and a 12 month high of $98.72. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.37 billion, a PE ratio of -5.72, a price-to-earnings-growth ratio of 5.98 and a beta of 1.31. The stock has a 50 day moving average of $53.99 and a 200-day moving average of $60.72.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business had revenue of $754.41 million for the quarter, compared to the consensus estimate of $742.64 million. During the same quarter last year, the company posted $2.39 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.72 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 6.0%. Alexandria Real Estate Equities’s payout ratio is presently -34.12%.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on ARE shares. Cantor Fitzgerald lifted their price objective on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a report on Thursday, December 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $60.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Mizuho cut their price objective on 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. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.33.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus acquired 25,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $53.92 per share, with a total value 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. This represents 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 the SEC website. Corporate insiders own 1.08% of the company’s stock.

Alexandria Real Estate Equities 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.