California Public Employees Retirement System Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

California Public Employees Retirement System trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 253,929 shares of the real estate investment trust’s stock after selling 73,894 shares during the quarter. California Public Employees Retirement System’s holdings in Alexandria Real Estate Equities were worth $11,787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the fourth quarter valued at approximately $805,429,000. Invesco Ltd. raised its holdings in Alexandria Real Estate Equities by 57.9% during the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alexandria Real Estate Equities by 1,022.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,813,955 shares of the real estate investment trust’s stock valued at $151,175,000 after buying an additional 1,652,298 shares during the period. Freestone Grove Partners LP bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth $72,144,000. Finally, Goldman Sachs Group Inc. boosted its stake in Alexandria Real Estate Equities by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,582,387 shares of the real estate investment trust’s stock worth $175,322,000 after buying an additional 1,236,781 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Joel S. Marcus acquired 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, for a total transaction of $320,400.00. Following the acquisition, the chairman directly owned 587,724 shares of the company’s stock, valued at $25,107,569.28. This trade represents a 1.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the company’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 completion of the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ARE. BNP Paribas Exane boosted their price objective on shares of Alexandria Real Estate Equities from $44.00 to $45.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets lifted their price target on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Finally, Evercore raised their price objective on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $51.08.

Alexandria Real Estate Equities Trading Up 1.7%

NYSE ARE opened at $50.98 on Friday. The stock has a market cap of $8.88 billion, a PE ratio of -8.13, a PEG ratio of 6.11 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. The company’s 50-day moving average price is $50.51 and its 200-day moving average price is $50.38. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $671.02 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.36 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio is -45.93%.

Alexandria Real Estate Equities Company 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.