Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 88.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,416 shares of the real estate investment trust’s stock after selling 69,651 shares during the quarter. Truist Financial Corp’s holdings in Alexandria Real Estate Equities were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its holdings in Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. BOKF NA grew its holdings 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 worth $31,000 after buying an additional 362 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the subject of a number of recent analyst reports. Citigroup reissued an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Cantor Fitzgerald decreased their price objective on 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. JPMorgan Chase & Co. decreased their price objective on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $51.31.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus purchased 7,500 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the completion of the acquisition, the chairman owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the completion of the transaction, the executive vice president directly owned 48,301 shares in the company, valued at $2,328,108.20. This represents a 1.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $45.86 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of -7.31, a PEG ratio of 5.65 and a beta of 1.12. The stock’s 50 day moving average price is $46.29 and its 200 day moving average price is $50.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The firm had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. During the same quarter in the previous year, the company earned $2.30 earnings per share. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.88 annualized dividend and a yield of 6.3%. 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.