Royal Bank of Canada Sells 13,728 Shares of Alexandria Real Estate Equities, Inc. $ARE

Royal Bank of Canada trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,772 shares of the real estate investment trust’s stock after selling 13,728 shares during the period. Royal Bank of Canada owned 0.09% of Alexandria Real Estate Equities worth $7,277,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after acquiring an additional 11,762 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 3,068 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Alexandria Real Estate Equities by 4.8% during the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock worth $597,000 after purchasing an additional 296 shares during the period. Woodline Partners LP grew its stake in shares of Alexandria Real Estate Equities by 39.9% during the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after purchasing an additional 3,714 shares during the period. Finally, Focus Partners Wealth increased its holdings in Alexandria Real Estate Equities by 171.5% in the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 4,163 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 2.7%

NYSE ARE opened at $48.41 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s 50 day moving average price is $51.13 and its two-hundred day moving average price is $50.07. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of -7.99, a PEG ratio of 6.05 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.Alexandria Real Estate Equities’s revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is presently -47.52%.

Analyst Ratings Changes

ARE has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Cantor Fitzgerald upped their price target on Alexandria Real Estate Equities from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets lifted their price objective 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. Finally, Zacks Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $52.62.

Insider Buying and Selling

In other news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at $10,166,256. This represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.

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.