Pallas Capital Advisors LLC Purchases Shares of 21,336 Alexandria Real Estate Equities, Inc. $ARE

Pallas Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 21,336 shares of the real estate investment trust’s stock, valued at approximately $1,128,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at $805,429,000. Monaco Asset Management SAM purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth $6,582,000. Diamond Hill Capital Management Inc. acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $8,445,000. Northwestern Mutual Wealth Management Co. raised its position in Alexandria Real Estate Equities by 789.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 46,052 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its holdings in Alexandria Real Estate Equities by 43.4% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,703,228 shares of the real estate investment trust’s stock valued at $83,356,000 after purchasing an additional 515,649 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BNP Paribas Exane boosted their target price on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 5th. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. BMO Capital Markets increased their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday. Finally, Cantor Fitzgerald lifted their price target on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $52.38.

Insider Transactions at Alexandria Real Estate Equities

In related news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $45.86 on Wednesday. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of -7.57 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $50.61 and a 200-day simple moving average of $49.64.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The company had revenue of $662.78 million for the quarter, compared to analyst estimates of $464.86 million. During the same quarter in the prior year, the business earned $2.33 earnings per share. Alexandria Real Estate Equities’s revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 6.37 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is currently -47.52%.

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.