Perigon Wealth Management LLC Purchases Shares of 21,855 Alexandria Real Estate Equities, Inc. $ARE

Perigon Wealth Management LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,855 shares of the real estate investment trust’s stock, valued at approximately $1,155,000.

A number of other institutional investors also recently modified their holdings of ARE. FNY Investment Advisers LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter worth $26,000. Basecamp Wealth Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 3,723.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 633 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. BOKF NA increased its position in Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Activity

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value 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. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

ARE opened at $45.86 on Wednesday. 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 company has a market capitalization of $7.99 billion, a price-to-earnings ratio of -7.57 and a beta of 1.15. The firm’s fifty day moving average price is $50.61 and its two-hundred day moving average price is $49.64. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $662.78 million during the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter in the prior year, the company earned $2.33 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.37 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore reissued an “outperform” rating and issued a $57.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday. Wall Street Zen lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Citigroup increased their target price on Alexandria Real Estate Equities from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, Robert W. Baird restated a “neutral” rating and set a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Reduce” and a consensus target price of $52.38.

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.