Y Intercept Hong Kong Ltd Invests $4.23 Million in Alexandria Real Estate Equities, Inc. $ARE

Y Intercept Hong Kong Ltd acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the first quarter, HoldingsChannel reports. The fund acquired 91,155 shares of the real estate investment trust’s stock, valued at approximately $4,231,000.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock worth $2,184,000 after acquiring an additional 11,762 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 3,068 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Alexandria Real Estate Equities by 4.8% in the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 296 shares in the last quarter. Woodline Partners LP lifted its holdings in Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after purchasing an additional 3,714 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after purchasing an additional 4,163 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas acquired 3,500 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $41.00 per share, with a total value of $143,500.00. Following the completion of the purchase, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Cantor Fitzgerald decreased their price objective on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. BNP Paribas Exane lifted their target price on shares of Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group decreased their price target on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, Citigroup reaffirmed 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, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.85.

Alexandria Real Estate Equities Stock Down 0.1%

Shares of ARE opened at $52.54 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $49.20 and a two-hundred day moving average price of $50.31. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of -8.38, a P/E/G ratio of 6.37 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The business had revenue of $671.02 million for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 6.4 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.72 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.5%. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

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.