Alexandria Real Estate Equities, Inc. $ARE Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,114 shares of the real estate investment trust’s stock after selling 14,840 shares during the period. PNC Financial Services Group Inc.’s holdings in Alexandria Real Estate Equities were worth $1,816,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of 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 buying an additional 399,286 shares during the last quarter. Invesco Ltd. raised its position in shares of 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 valued at $318,516,000 after buying an additional 145,562 shares during the last quarter. Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities by 4.3% in the third quarter. Northern Trust Corp now owns 2,581,884 shares of the real estate investment trust’s stock valued at $215,174,000 after buying an additional 106,783 shares during the last quarter. AQR Capital Management LLC increased its position in Alexandria Real Estate Equities by 26.1% during the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock worth $211,682,000 after purchasing an additional 531,668 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Alexandria Real Estate Equities by 1,022.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock worth $151,175,000 after purchasing an additional 1,652,298 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $49.89 on Thursday. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a 50 day moving average price of $46.12 and a 200 day moving average price of $50.03. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of -7.96, a price-to-earnings-growth ratio of 5.87 and a beta of 1.12.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. During the same quarter in the prior year, the business earned $2.30 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.8%. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

Analyst Upgrades and Downgrades

ARE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. BNP Paribas Exane dropped their price target on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating for the company in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.23.

Insider Activity at Alexandria Real Estate Equities

In related news, EVP Hallie E. Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction on Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the transaction, the executive vice president owned 48,301 shares in the company, valued at approximately $2,328,108.20. The trade was a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Calvin Thomas bought 3,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the acquisition, the executive vice president directly owned 33,024 shares in the company, valued at approximately $1,353,984. This represents a 11.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

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.