Man Group plc Purchases Shares of 94,498 Alexandria Real Estate Equities, Inc. $ARE

Man Group plc acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 94,498 shares of the real estate investment trust’s stock, valued at approximately $4,994,000.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at $805,429,000. Monaco Asset Management SAM purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth $6,582,000. Handelsbanken Fonder AB raised its position in shares of Alexandria Real Estate Equities by 58.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock worth $3,620,000 after buying an additional 25,300 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $8,445,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Alexandria Real Estate Equities by 789.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock valued at $2,539,000 after acquiring an additional 46,052 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alexandria Real Estate Equities

In related news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the acquisition, the chairman owned 592,724 shares in the company, valued at $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.2%

Shares of NYSE ARE opened at $51.65 on Monday. The stock has a fifty day moving average price of $50.74 and a 200 day moving average price of $49.51. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24. The company has a market cap of $9.00 billion, a P/E ratio of -8.52 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.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 firm earned $2.33 EPS. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on ARE. Morgan Stanley restated an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Mizuho reduced their price objective on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Evercore reissued an “outperform” rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Finally, Cantor Fitzgerald raised their price target on shares of Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $52.85.

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.