Jupiter Asset Management Ltd. Takes Position in Alexandria Real Estate Equities, Inc. $ARE

Jupiter Asset Management Ltd. purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 31,809 shares of the real estate investment trust’s stock, valued at approximately $1,557,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Alexandria Real Estate Equities by 3.7% during the 3rd 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 period. Geode Capital Management LLC raised its position in Alexandria Real Estate Equities by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock valued at $217,466,000 after purchasing an additional 48,490 shares during the period. Invesco Ltd. raised 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 valued at $318,516,000 after purchasing an additional 145,562 shares during the period. Northern Trust Corp raised its position in 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 purchasing an additional 106,783 shares during the period. Finally, AQR Capital Management LLC raised its position in Alexandria Real Estate Equities by 26.1% in the third quarter. AQR Capital Management LLC now owns 2,564,915 shares of the real estate investment trust’s stock valued at $211,682,000 after purchasing an additional 531,668 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Jefferies Financial Group cut their target price on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 28th. Cantor Fitzgerald cut their target price on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup reissued an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given 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 $51.23.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $49.73 on Friday. The company has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $49.98. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -7.93, a price-to-earnings-growth ratio of 6.02 and a beta of 1.12. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24.

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

Insiders Place Their Bets

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

About Alexandria Real Estate Equities

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.